Midland

Hong Kong secondary home sales plunge to Sars-era levels

A Midland branch in Happy Valley. The property agency says the industry is heading for hard times as sales decline. Photo: Jonathan Wong

Property agency Midland said the number of real estate agents and branches might drop by nearly one-third if the government kept its tight grip on the housing market.

Saturday, 16 March, 2013, 3:58am

Beijing curbs force agents to axe 700 outlets

The downturn in the Beijing property market and a sharp fall in commission revenue forced the closure of 12 per cent of the capital's property agents, after home-purchase restrictions killed demand, a survey said.

15 Oct 2011 - 12:00am

Midland eyes $398m placement

Property agent Midland Realty (Holdings) aims to raise up to $398.5 million via a placement of 80 million shares at a 6 per cent to 8 per cent discount to yesterday's closing price, fund managers say.

22 Mar 2005 - 12:00am

WHAT THE BROKER SAID

About a year ago, Midland Realty said it expected property transactions in the secondary market to be the main growth driver for its business as the appetite of developers for selling their housing stock seemed to be diminishing.

The estate agency planned to open 10 new branches in the next two months - initially it planned to open only six - to meet the increased business.

7 Nov 2004 - 12:00am

WHAT THE BROKER SAYS

Midland Realty expects property transactions in the secondary market to be the main growth driver for its business in the coming year as the appetite of developers for selling their housing stock seems to be diminishing. The estate agency plans to open 10 new branches in the next two months - initially it planned to open only six - to meet the increased business.

9 Nov 2003 - 12:00am