Real Estate Broker

Speculators hoard space

SPECULATORS are sitting on hundreds of thousands of square feet of Grade A office space worth millions of dollars from Admiralty to Causeway Bay.

Wednesday, 8 June, 1994, 12:00am

Big deals earn big bucks for agents

ESTATE agents in Hong Kong have been chalking up record-breaking commission as a result of sky-rocketing residential and commercial property prices, frenetic levels of transactions and generous commission schemes.

25 May 1994 - 12:00am

Agents' role declared

THE lead taken by property agents Centaline Agencies in adopting a code of conduct when handling client property purchases and sales is to be commended.

23 May 1994 - 12:00am

Discrimination hits old-home mortgages

FLATS in Hong Kong would be more affordable if banks would discontinue their discriminatory mortgage policy against homes and flats which were more than 10 years old, according to local realtors.

18 May 1994 - 12:00am

Government to set up agency regulator

COMPLAINTS about real estate agencies has led the Hong Kong Government to set up a statutory watchdog to license and regulate the almost 5,000 realtors in the territory.

Michael Choi, president of the Society of Hong Kong Real Estate Agents Ltd, said a working subcommittee was to submit a report to the Government this month.

4 May 1994 - 12:00am

Uncontrolled industry

FOUR months ago the Government disappointed the public and the more honest elements of the property business by failing to propose immediate, concrete measures to control ''cowboy'' real estate agents. Instead, it merely promised to look at the introduction of some form of licensing at an unspecified date.

9 Dec 1993 - 12:00am

HK property buyers get wide choice

THE next four days will offer an exceptional chance for Hong Kong investors to sum up the overseas property market.

Exhibitors at Real Estate '93 will be displaying all types of property from around the world under one roof.

Hong Kong Chinese have traditionally seen bricks and mortar as a sound long term investment.

10 Nov 1993 - 12:00am

Public warned on new form

PEOPLE looking for a new home were last night advised not to sign an agreement drawn up by estate agents in response to public concern over their service.

The Consumer Council hit out at the document produced by the Society of Hong Kong Real Estate Agents.

22 Sep 1993 - 12:00am

Home agents' fee 'negotiable'

ESTATE agents yesterday hit back at accusations that home-buyers were forced to pay too much commission.

Agents said the one per cent charge was in line with market rates and was negotiable.

The Consumer Council claimed last month that charges were too high and should be scrapped to allow both parties to agree a fee.

17 Sep 1993 - 12:00am

Home-buyers lose out

HOME-BUYERS are being overcharged on commission payable to property agents under the present practice of letting agents fix the commission rate, claims the Consumer Council.

It describes the practice as ''depriving home-buyers of their negotiation rights'' and also calls for a cut in the one per cent commission rate charged on transactions.

12 Aug 1993 - 12:00am

After sales services 'vital' to boost project confidence

CHINA property agents should provide after-sale services to boost investors and buyers' confidence in purchasing property in the mainland, according to a Guangdong-based real estate agent.

21 Jul 1993 - 12:00am

Industry committee to address licensing issue

SOME of the most influential players in Hongkong's real estate industry have set up a taskforce to tackle the Government on the controversial issue of licensing.

They want stricter controls imposed after the Government approved a ''negative licensing'' system last month.

14 Jul 1993 - 12:00am

High-class NZ homes in demand

AFTER years in the doldrums, New Zealand's luxury home market has come back to the fore with wealthy buyers snapping up so much prime property that top-quality homes are now in short supply.

This has changed the face of the high-class real estate market, which is now driven by the vendor, rather than the buyer.

7 Jul 1993 - 12:00am

Official moves to regulate industry

IF licensing, as expected, gets the thumbs up from the Government today, Hongkong's property business will at last be able to catch up in one area where it is lagging years behind other developed nations.

Britain, Canada, the United States, Australia and New Zealand, to name a few, all have systems which govern who can set up and call themselves an estate agent.

30 Jun 1993 - 12:00am

Government set to curb estate agents

THE Government today is expected to support moves to licence real estate agents in a bid to stamp out corruption in the industry, according to well-placed sources.

A statement supporting measures which should change the face of one of Hongkong's most important industries is expected to be made during a Legislative Council debate on the issue.

30 Jun 1993 - 12:00am