Property developers

Strong home sales, prices lift Sino Land's results

28 Feb 2013

Sino Land's underlying profit jumped 80.5 per cent to HK$4.48 billion in the six months to December due to strong property sales as home prices hit new highs.

New World Development eyes 30pc growth in flat sales this year

28 Feb 2013

New World Development generated HK$9.2 billion from contracted sales in the previous financial year. The company planned to generate between HK$11 billion and HK$12 billion from contracted sales....

Extra stamp duty 'to hit speculators only', says financial secretary Tsang

25 Feb 2013

Genuine home buyers will not be affected by property cooling measures, Financial Secretary John Tsang Chun-wah said yesterday, adding that the higher stamp duties imposed on Friday would not apply...

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Developers make no bids for MTR Corp's Tin Shui Wai homes site

21 Feb 2013

MTR Corp has withdrawn its residential site in Tin Shui Wai from tendering, as no developer submitted a bid for the site by the deadline yesterday. Surveyors said the land premium charged by the...

Tin Shui Wai site set to attract large and small bidders

20 Feb 2013

Tenders will close today for the 196,248 sq ft site near the Tin Wing light-rail station. According to the MTR Corp, the site can yield a total gross floor area of about 979,500 sq ft, of which...

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Flat sales to remain buoyant after Lunar New Year, say agents

Sammy Po Siu-ming, a director of real estate agency Midland Realty, said that after the strong sales performance in January he expected developers to become more aggressive with launches of new...

Hang Lung has no timetable for sale of 1,400-flat stockpile

Last year, Hang Lung sold just 117 units - nine at the Harbourside in West Kowloon and 108 at the Long Beach in Tai Kok Tsui - at average prices of HK$32,100 and HK$10,600 per square foot,...

Wheelock wins Tuen Mun residential site for HK$1.4b

The Lands Department said Wheelock outbid eight developers and acquired the site for HK$3,683 per square foot. The price is in line with market expectations, which ranged between HK$1.13 billion...

CONCRETE ANALYSIS

Urgent need to restart Hong Kong land auctions

The one glaring omission from the policy address with regard to an increase in land supply and subsequent increase in flat supply was an unequivocal statement to immediately restart government...

PROPERTY

Developers raise prices on car parking spaces

Developers are beginning to raise their prices not just for new flats but car parking spaces as well, as buying interest returns to a property market spared further cooling measures in the chief...

PROPERTY

Developers extend rally amid absence of curbs

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.