Property Sales

Property investment and sales speed up in China in 2013

Home prices continued to surge in China last month. Photo: Reuters

Growth in real estate investment and property sales accelerated in China last year, a sign the booming property market has resisted Beijing’s sustained efforts to cool it down.

Monday, 20 January, 2014, 2:45pm

Carlyle Group sells prime office tower in Manhattan for US$1.3 billion

The tower at 650 Madison Avenue in Manhattan. Photo: Bloomberg

Carlyle Group's US$1.3 billion deal to sell 650 Madison Avenue will set a record based on the per-sq-ft price for the office tower, driven by its retail space in the heart of midtown Manhattan's Plaza district.

5 Jun 2013 - 4:40am

Stamp duty chokes sales of Hong Kong commercial property

One Bay East

Commercial property deals in the city fell sharply over the past three months as short-term investors shied away after the doubling of stamp duty on the purchase of both residential and non-residential properties.

7 May 2015 - 12:48pm 3 comments

MTR profits dip 6.6pc amid slowdown in property sales

Jay Walder, Chief Executive Officer of MTR Corporation. Photo: May Tse

The MTR Corporation faces another year of slower growth despite plans to sell 5,000 flats, it emerged yesterday. The company announced a 6.6 per cent drop in underlying profit to HK$9.78 billion in the year to December, mainly due to lower returns on property sales.

12 Mar 2013 - 6:27am

Soho China banks big increase in net profit

Soho China banks big increase in net profit

Shares of mainland commercial property developer Soho China jumped nearly 7 per cent yesterday after it reported a 172 per cent rise in net profit, thanks to a big increase in floor area sold during the period.

7 Mar 2013 - 6:12am

How a new tax breaks up marriages on the mainland

A total of 1.96 million couples applied for divorce last year, and only 1.2 million tied the knot. Photo: AFP

Mainland couples are flocking to divorce to avoid a new property sales tax imposed by the government, after it left open a loophole for those who end their marriages.

7 Mar 2013 - 6:12am

China Overseas expects double-digit growth

State Council launched five measures to try to curb revived speculation in residential property. Analysts said the measures were moderate, as they mainly reiterated existing ones.

22 Feb 2013 - 5:29am