Peggy Sito

Property Digest

Clear downturn in global home prices, survey finds

Wednesday, 30 May, 2012, 12:00am

HK still the top location for luxury brand shops

Hong Kong remains the leading location in the world for luxury brand outlets, topping the charts for a third year running, global property consultant CB Richard Ellis says.

The city also retains its title as the number one Asian location for international retailers across the sector.

25 Apr 2012 - 12:00am

C.Y. jitters prompt some to sell

Several wary home owners aim to sell their flats and take whatever capital gains are available before chief executive-elect Leung Chun-ying takes office in July.

Young executive Ricky Lai and his sister bought a 647 square foot flat in Kornhill, Quarry Bay, two years ago. The flat is now worth an estimated HK$5 million.

25 Apr 2012 - 12:00am

'Ease deposit rule so we can buy homes'

Middle-income earners are appealing for restrictions on mortgages to be loosened as the housing market rebounds and sales of higher-end properties surge.

21 Mar 2012 - 12:00am

Down payment subsidies aim to lure buyers

Falling home prices on the mainland are forcing some developers to allow first-time home buyers to delay down payments - or subsidise the payments to boost sales.

28 Feb 2012 - 12:00am


More rent increases in store for retailers

8 Feb 2012 - 12:00am

Sichuan capital in U-turn on its home sales policy

Less than two weeks after announcing an easing of home purchase procedures, Chengdu, the capital of Sichuan province, has done an about-face, and reverted to the original system.

24 Nov 2011 - 12:00am

Greentown chief's denial boosts stocks

Battered Greentown China Holdings stocks have a breather after the chairman denied rumours it is on the verge of bankruptcy.

Song Weiping, founder and chairman of the Hangzhou-based property developer, said the company was nowhere near bankruptcy.

4 Nov 2011 - 12:00am

Developers play safe over land auctions

Tighter credit conditions and an unclear outlook for the property sector have forced mainland developers to play it safe in bidding for land, resulting in a growing number of sites in major cities being withdrawn or sold at less aggressive prices.

3 Nov 2011 - 12:00am

Number of flats in pipeline at three-year high

Following the Hong Kong government's undertaking to increase the supply of flats, the number being built or in which construction will soon begin has risen to the highest in almost three years.

The Transport and Housing Bureau expects about 63,000 flats to be completed within three to four years - 7,000 more than it reported in June.

22 Oct 2011 - 12:00am


Hong Kong shop sales drop 5.3pc in September

19 Oct 2011 - 12:00am


HK prices have not peaked, says ANZ report

12 Oct 2011 - 12:00am

Developers bracing themselves

Mainland developers face the prospect of 'increasingly severe' credit conditions that might force them, in a worst-case scenario, to make steeper cuts to property prices and look for alternative costly funding channels, according to the ratings agency Standard & Poor's.

28 Sep 2011 - 12:00am

Residential plots tipped to sell to end-users

Two small plots of land suitable for residential development in Stanley and in Sai Kung are expected to bring in around HK$100 million through government public tenders, which will close on Friday.

28 Sep 2011 - 12:00am


HK office take-up slips as woes in West hit demand

21 Sep 2011 - 12:00am