Home sales volumes in Tsuen Wan were boosted last week by bargain hunters betting that the high price paid for a waterfront site in the area would drive flat values higher.Wednesday, 30 January, 2013, 4:07am
After leaving them empty for five years, Hang Lung Properties yesterday priced 10 flats at its AquaMarine development in Cheung Sha Wan about 15 per cent higher than current secondary transactions in nearby developments.24 Jan 2013 - 4:58am
Home buyers stormed back into the market at the weekend, pushing prices to record levels in some estates after Chief Executive Leung Chun-ying failed to offer a quick fix for the tight home supply in his inaugural policy address.23 Jan 2013 - 2:05pm
Resilient end-user demand will continue to support mainland property market sales this year, after a rise in both sales volumes and prices in 2012, according to analysts.
Home prices, especially in major cities, could be pushed higher as inventory stocks drop, which might trigger expectations for further policy measures to regulate the market, the analysts said.23 Jan 2013 - 4:47am
Sales of US homes probably rose in December to the highest level in three years as the industry headed toward a more rooted recovery in 2013, economists said before reports this week.23 Jan 2013 - 4:47am
The government would not rule out the possibility of imposing a vacancy tax on unsold new homes to stop developer hoarding, Chief Executive Leung Chun-ying warned yesterday.21 Jan 2013 - 7:22am 18 comments
More mainland cities saw home prices rise last month, leading to concerns there could be further government measures to cool the housing market.
Prices climbed in the most cities in 20 months with 54 of the 70 cities reporting price gains, according to data tracked by the National Bureau of Statistics. This compared with 53 in November.19 Jan 2013 - 5:12am
Shares of property developers continued to climb yesterday after Wednesday's gains on relief that no harsh cooling measures were announced in the annual policy address by chief executive.
Cheung Kong, Sun Hung Kai Properties and Henderson Land Development rose between 0.5 per cent and 1 per cent as analysts expected home sales transactions to pick up now.18 Jan 2013 - 5:27am
Last week China Vanke, the country's biggest residential property developer, announced that home sales last month leapt an impressive 140 per cent compared with December 2011.14 Jan 2013 - 3:01am
Upcoming flat launches are expected to give the local home market a boost amid improved buying sentiment after the Christmas and New Year's holiday break, say agents and property analysts.9 Jan 2013 - 3:26am
Home sales in Hong Kong will continue to feel the effects of government policies in the near future, according to property consultant DTZ.9 Jan 2013 - 3:26am
Kerry Properties' three residential projects this year are unlikely to be hit by the new stamp duty, according to Chu Ip-pui, the executive director of Kerry Real Estate Agency.7 Jan 2013 - 4:31am
Britain's house prices declined last month and may fall "modestly" this year, because of a weak economic recovery, Nationwide Building Society said.
The average cost of a home slipped 0.1 per cent to £162,262 (HK$2.05 million), the lender said yesterday. From a year earlier, values fell 1 per cent.4 Jan 2013 - 2:48am
Home sales fell last month to their lowest level since late 2008, at the start of the global financial crisis, indicating government measures have succeeded in curbing demand.
The number of residential transactions plunged 53.3 per cent to 3,286 from November, while the total value tumbled 59.1 per cent to HK$17.2 billon, data released by the Land Registry yesterday showed.4 Jan 2013 - 4:13pm
Property sales in Hong Kong are expected to have risen 6 per cent last year, with the total value of deals climbing to a two-year high thanks to rapid growth in home prices.1 Jan 2013 - 5:30am