Sold | South China Morning Post
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  • Mar 6, 2015
  • Updated: 8:46pm

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Data used for flat sizes doesn't always add up

Real estate industry leaders say a central database of flat sizes is needed to prevent lawsuits arising from discrepancies between two data sources used by the property agents' watchdog.

Thursday, 24 May, 2012, 12:00am

Election, prices depress sales

Home sales at major estates in the city dropped to a six-week low last week, with buyers sidelined by rising prices and uncertainty about the outlook for the market under a new administration.

A property consultant forecast luxury home prices will fall by 13 per cent in the next 12 months.

28 Mar 2012 - 12:00am

Humble show flat comes a long way

London-based interior designer Kamini Ezralow had just put the finishing touches on a 7,500 squarefoot triplex apartment in Mayfair that was being kitted out as a show home.

15 Feb 2012 - 12:00am

Loophole in rules for new-home sales

Proposals to regulate the sale of new flats by legislation leave a loophole for developers.

30 Nov 2011 - 12:00am

Jail time for flat sellers who lie

Property developers' staff and directors can face up to seven years' jail for providing false information to potential flat buyers, under legislation proposed by a government steering committee yesterday.

The stiff penalty is among several measures that have been proposed by the 13-member committee drawing up a list of reforms for the property market.

27 Sep 2011 - 12:00am

Owners of Icon flats reject offer of buy-back

Angry owners of so-called rubbish-dump flats in Mid-Levels rejected a buy-back offer from the developer, saying the price was too low.

The buyers of apartments at The Icon in Conduit Road said they would not accept the offer unless the price was upped, the deal was in writing and that it was the same for everyone.

21 Jan 2011 - 12:00am

Hermitage flats snapped up as new rules kick in

Even the torrential rain did not deter homebuyers determined to get a piece of the action in Kowloon's latest property launch, which saw all 231 flats available for sale snapped up in three hours yesterday.

Braving the heavy downpour, buyers started queueing in the early hours in the shopping mall of the MTR Olympic station, where the sale of the Hermitage flats took place.

27 Jun 2010 - 12:00am

URA issues new rules to rein in property firms

The Urban Renewal Authority has gone further than the government in seeking to rein in developers' flat-selling tricks on its projects.

The authority's new rules set limits on the number of flats that individuals or company buyers can buy, ban priority sales, and require developers to declare sales to senior managers and their connections, as well as board members.

4 May 2010 - 12:00am

Lawmakers demand more action to stop flat sale deceptions

Lawmakers called yesterday for more regulations to prohibit property developers issuing false and misleading information to inflate flat prices - but the housing minister responded that developers were already barred from flat pre-sales if they breached rules.

24 Mar 2010 - 12:00am

Tight supply fuels demand for Mid-Levels units

Mid-Levels retains its appeal for high-end buyers largely due to its central location and the fact that only occasionally are properties made available for sale to answer the strong demand.

1 May 2009 - 12:00am

HOS flat sales to be cut back amid downturn

The Housing Department plans to sell 1,400 Home Ownership Scheme (HOS) flats in October, less than half the number it offered last October.

A government source described the decision as 'a relatively conservative and cautious one' as a result of a lukewarm response to the last sale and in light of the global financial crisis and rising unemployment.

27 Mar 2009 - 12:00am

One small step towards a fairer deal for homebuyers

For years, developers have been given a free hand to calculate creatively the gross and saleable floor areas of the homes they build. The government has always favoured self-regulation and market discipline.

12 Oct 2008 - 12:00am

Buying a flat is often a matter of being there at the right time

The residential property market in Mid-Levels is a seller's one. For every half-decent flat there is a mad race to see which buyer can put money into the hands of the flat owner before the price rises.

1 Aug 2007 - 12:00am

LONDON

It reads like a page from a celebrity Who's Who. The actresses Sadie Frost and Helena Bonham-Carter, actors Bob Hoskins and Derek Jakobi, comedian David Walliams, musician Noel Gallagher of Oasis fame and multi-millionaire record producer Trevor Horn all live or have sold a home in Steele's Road in the highly sought-after London postcode of NW3.

14 Mar 2007 - 12:00am

61,000 new flats to hit the market

About 61,000 new flats will be available for sale in the coming years, according to the latest government figures, pointing to a steady supply on the market.

22 Jul 2006 - 12:00am

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