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Asian Post (Feb 3, 2014) - The closing two weeks ago of the tender for MTR’s residential project at the Tin Wing Light Rail Station may be one of the latest indications of developers’ views on the property market. The railway operator has had to withdraw the tender again as none of the offers could meet its minimum requirement.
Asian Post (Feb 6, 2014) - Hong Kong experienced one of the warmest Lunar New Year holidays ever but the heat did not spread to the property market. Developers’ extra incentives to drum up sales failed to inspire buying with only a handful of units sold during the four-day holiday.
The Standard (Feb 6, 2014) - Owners of secondhand homes should remain cautious this year as around 18,000 new flats - 45 percent more than in 2013 - will be available for sale with aggressive discounts offered by developers. This will be the highest amount for sale since 2003.
Asian Post (Feb.8, 2014) - Vivien Chan gives in to temptation with her HK$538m Peak purchase, and as Estate Agents Authority chief, she is a knowledgeable buyer. Vivien Chan, the chairwoman of the Estate Agents Authority (EAA), cannot resist the temptation of a super-deluxe home.
Asian Post (Feb 11, 2014) - Hong Kong's office market has been hit with higher vacancies and falling rents, even as demand across Asia-Pacific picks up in line with an improving outlook, a report shows.
Asian Post (Feb12, 2014) - Poor tender results for two Tuen Mun residential sites reflect developers' pessimism about the outlook for the New Territories property market. The Lands Department said yesterday a site on Tsun Wen Road, near Blossom Court, was sold to Nan Fung Development for around HK$455.88 million or about HK$2,270 per square foot - at least 24 per cent below market expectations.
The Standard (Feb 13, 2014) - Cheung Kong Holdings (0001) expects to generate up to HK$40 billion in sales this year, with nine projects lined up for launch in Hong Kong and the mainland, executive director Justin Chiu Kwok-hung said.
Asian Post (Jan.23, 2014) - Soaring property prices in the past few years have given Hong Kong the title of most unaffordable housing in the world for the fourth straight year, according to a survey of 360 cities by US-based consultancy Demographia.
The Standard (Jan. 23, 2014) - Several homeowners at luxury projects completed in recent years have lost up to HK$1 million dollars when selling their flats, trying to keep up with developers who continue to offer hefty discounts for new flats.
The Standard (Jan.24, 2014) - Hang Lung Properties (0101) chairman Ronnie Chan Chi-chung yesterday warned China's luxury retail market would remain subdued in the near term amid the state's continuing anti-graft campaign ``The mainland leasing market has entered into the winter and I have no idea when the spring will return,'' Chan said in Hong Kong, adding the high-end retail sector would be most adversely affected in the short term by the government measures.
The Standard (Jan.24, 2014) - Hong Kong's high property prices are not merely a bane for the poor - they continue to spark an exodus of wealth from the rich, say experts and veteran property investors.
Shanghai Daily (Jan. 7, 2014) - Socam Development is offering to sell its luxury rental property project in Shanghai’s upmarket Xintiandi area 20 per cent below the going rate.
Shanghai Daily (Jan. 8, 2014) - The number of properties sold in Hong Kong fell by more than a third last year to a 17-year low as a surge in a sales tax, designed to burst a price bubble, turned off buyers in one of the world's most expensive cities.
The Standard (Jan. 10, 2014) - Gaming eclipsed property as the most lucrative path to wealth last year as Galaxy Entertainment Group (0027) chairman Lui Che-woo became Hong Kong's second richest man, just behind Li Ka- shing.
(23 May 2013)Residential Rents climb comes to end after 13 months consecutive increase
January & February 2013
50,000 residential units to be made available in Tung Chung
(Jan 2013)Residential price index rose 25% in 11 months
Hong Kong maintains the top position for 19 consecutive years in Economic Freedom Environment
No. of new residential projects waiting to be released is highest in 9 years.
New residential supply tops 30,000 in 2013
November & December 2012
Market prediction for year 2013
SAR Government introduced new stamp duty law
(26 Oct 2012)Unemployment rate shifted to increase from flat
(23 Oct 2012) Land designated for residential development sufficient for 2 to 3 year supply
(15 October 2012)Secondary market showing slow down
(17 Oct 2012)Property purchases by mainlanders of luxury residential properties drops to 30%
(24 Sep 2012)Residential rents have topped the historical peak
Land auction planned in October - December period
(Sep 2012)Secondary residential prices renewed historical peak
(23 Sep 2012)Property Prices is predicted to increase 3-15% in 4th quarter of 2012
10 Points Property Supply Policy by Chief Executive. On August 30th Mr. Leung announced policy concerning the supply increase of residential accommodations. The policy consists of the following major policies...
New chief executive Mr. Leung stated earlier his ideas and ways for improving the living condition of the average people in HK.
Sogo department store will close its Tsim Sha Tsui shop in February 2014, according to the announcement made by the department store operator 利福国際 which was reported in Ming Pao and Shing Pao on July 31.
(1 August 2012), K Wah International was the successful bidder of the most recent tender sale of a Tseung Kwan O site,one of 66 lots being sold by phases by Hong Kong Government .
(21 August 2012)New development project by Swire Properties in Taikoo Place Swire Properties is reported to have plans to develop the second phase of Taikoo Development project in Quarry Bay, according to the various news sources.
(25 July 2012)Financial sector is downsizing the new hiring of full time personnel to cut costs.
(July 2012)It is predicted that the office rents in the core business districts will fall roughly 18% in 2012, this was reported by Cushman and Wakefield property consultancy firm.
China Daily (May 12, 2012) - Hong Kong’s economy slowed further in the first quarter of this year, with the real GDP posting a slight growth of 0.4 percent — the slowest pace since the global financial crisis — as exports slipped amid a difficult external environment, the government said on Friday.
The Standard (May 11, 2012) - Soaring home prices in Tuen Mun can provide a fat target for the pin that pricks Hong Kong's property bubble.
The Standard (May 10, 2012) - It has been a taxing 18 months for many home-owners and buyers ever since the special stamp duty came into force to curb overexuberant speculative activity in an obviously overheated residential market.
China Daily (May 9, 2012) - Although Hong Kong’s retail property sector is an exception with an upward outlook amidst the global economic uncertainties, the city’s surging shop rents and acute demand-supply imbalance, nevertheless, is spelling doom on its long-term competitiveness, a report by property agency Colliers International said on Tuesday.
China Daily (May 19, 2012) - The Centa-City Lending Index (CCL), the index reflecting local secondary residential property prices, rose to a record high last week, exceeding the October 1997 home price level, while property analysts cautioned the market that the new SAR government which takes office on July 1 may launch new measures to contain the skyrocketing home prices by boosting supply.
The Standard (May 17, 2012) - Swire Properties is launching an ultra-luxurious project designed by iconic Pritzker Prize-winning architect Frank Gehry.
Hong Kong Gov. (May 17, 2012) - Following is a question by the Hon David Li and a written reply by the Secretary for Transport and Housing, Ms Eva Cheng, in the Legislative Council today (May 16):
China Daily (May 14, 2012) - Hysan Development Ltd, the biggest commercial landlord in Causeway Bay, said its new commercial project, Hysan Place, in the traditional shopping district on Hong Kong Island has been 95 percent leased out ahead of its August scheduled opening.
China Daily (Sept. 7, 2013) - Sun Hung Kai Properties, one of Hong Kong’s leading developers, on Thursday won the bidding war with 21.77 billion yuan ($3.55 billion) for the right to develop the Xujiahui Center in downtown Shanghai, billed as “the last golden plot” in the East China metropolis.
The Asian Post (Sept. 7, 2013) - An alliance of property agents will withdraw their newspaper advertisements on Monday to protest against the government’s market-cooling measures.
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