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  • Dec 18, 2014
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Ricacorp

Ricacorp to cut staff following property cooling measures

Ricacorp Properties

Hong Kong's cooling property market is starting to ripple through the local economy, with major real estate agency Ricacorp planning to slash a tenth of its staff amid slowing home sales.

Wednesday, 28 November, 2012, 5:21am 2 comments

Q&A With Our Experts, September 12, 2012

Cookie Wong

Q: I live in Sha Tin but plan to move closer to my daughter's school in Kowloon City. I would like to buy a two-bedroom flat in districts such as Kowloon City or To Kwa Wan. My budget is less than HK$4 million but I don't want to buy a flat in an old housing estate. Could you give me some suggestions?

28 Oct 2013 - 11:39am

Digest

Macau home prices to grow 15-18 per cent

11 Jul 2012 - 12:00am

Digest

Rents rise 2.1 per cent in first four months of year

23 May 2012 - 12:00am

Slow sales seen as supply rises

New-home sales are expected to show little growth in the city this year, despite projections that the number coming onto the market will be the highest for three years.

11 Apr 2012 - 12:00am

Island East offers top return

Housing estates in Island East and the New Territories outperformed all other districts in Hong Kong to record the strongest growth in capital values this year.

21 Dec 2011 - 12:00am

Digest

Surge in new home sales predicted for next year

14 Dec 2011 - 12:00am

Secondary sales on rise

Sales of homes in Hong Kong's secondary market rose for a second week as pent-up demand from genuine buyers triggered a big rebound in transactions, property agents say.

26 Oct 2011 - 12:00am

New-home completions down - but starts are up

The number of homes completed in the city in the first seven months has plunged 43 per cent from a year earlier, Ricacorp Properties says. But housing construction starts were up.

A rise in construction starts should mean more flats coming onto the market in two to three years' time.

31 Aug 2011 - 12:00am

Sales may fall 'but prices will still rise'

Industrial and commercial property sales in Hong Kong are expected to fall in the second half of this year as banks tighten lending but prices will continue to rise, agents say.

'Negative factors are starting to surface and it will inevitably affect the market temporarily,' Roy Wong Ying-nin of Ricacorp Properties said.

14 Jul 2011 - 12:00am

HK home sales fall to lowest point in 5 years

Home sales in Hong Kong last week were the lowest in more than five years due to the government's new limits on mortgages and proposals to resume building Home Ownership Scheme flats.

29 Jun 2011 - 12:00am

Cooling tactics deflate sales of luxury homes

Hong Kong luxury home sales dropped sharply last month as measures to cool the sector began to weigh on buying sentiment.

Of 7,635 home sales lodged with the Land Registry last month, Ricacorp Properties said those involving properties worth HK$7 million to HK$10 million dropped 37 per cent to 700, from 1,119 in March.

6 May 2011 - 12:00am

34pc rise in industrial property sales

Sales of industrial properties in Hong Kong surged in March with a 34 per cent month-on-month increase to 887 deals, according to data compiled by property agent Ricacorp Properties. The figure compared with 644 transactions in February. The total value of last month's transactions involving industrial properties increased 27 per cent month on month to HK$3.3 billion, the property agent said.

13 Apr 2011 - 12:00am

Sales decline 19pc week-on-week

Sales of second-hand homes at 50 housing estates in Hong Kong saw a week-on-week decline of 19 per cent during the week from February 28 to March 6. According to the data compiled by property agent Ricacorp Properties, there were 273 deals at the 50 housing estates selected by the agent sold during the week.

9 Mar 2011 - 12:00am

Estate agents bullish on property prices

Real estate agencies are optimistic about property prices this year, but admit the number of transactions will likely fall. Ricacorp Properties expects prices will rise at least 10 per cent in 2011 because the fundamentals that support the market are intact, despite government measures last year to cool the market.

7 Jan 2011 - 12:00am

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