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News : Asian Post (June 14, 2014) - Counsel for SHKP tycoon Thomas Kwok says chief executive did not disclose payments he received from Jones Lang LaSalle and DTZ. | The Standard (June 12, 2014) - Hong Kong was ranked second after the Philippines for the fastest jump in home prices last year, said the International Monetary Fund, which warned of a world property bubble. | Asian Post (June 11, 2014) - Developers in Hong Kong hope to tap the positive sentiment in the market by releasing for sale projects with hundreds of homes. | Asian Post (May 7, 2014) - Rents in the luxury residential market on Hong Kong Island fell by 4.1 per cent in this year’s first quarter and are expected to drop by 10 to 15 per cent for the year, international property consultancy Savills said. | Asian Post (May 10, 2014) - A rare opportunity to buy a luxury residential site in an urban area led to an overwhelming response to the tender for the land in Shouson Hill yesterday. The site attracted 16 bidders, while a residential plot in Tuen Mun received six bids. | China Daily (May 10, 2014) - Hong Kong is no longer the “most livable” city in the country — losing this title to Zhuhai — but the city still beats Shanghai and Beijing in overall competitiveness, a new survey by the Chinese Academy of Social Sciences (CASS) says. | The Standard (May 14, 2014) - Founder-chairman Pony Ma Huateng of Tencent, the largest mainland internet company by revenue, has shelled out big bucks for a third investment in the local luxury property market. Ma, 42, recently splashed out HK$450 million to acquire a plot for a luxury house in Southern district, agents revealed. | The Standard (May 14, 2014) - Disappointing retail sales and a fall in the number of mainland visitors is likely to induce lower rents in Hong Kong. Market watchers worry that international retail chain operators may review expansion plans after the first drop in Labor Day holiday arrivals since the individual visitor scheme was launched 10 years ago. | Asian Post (May 17, 2014) - The booming online shopping market on the mainland has fuelled the growth of courier companies over the last few years and has turned them into the buyers of some of the most luxurious houses in Hong Kong. | Asian Post (April 7, 2014) - Wing Tai Properties is unworried by market sentiment in Hong Kong, with plans to sell new projects in the city and launch more serviced apartments in the region. Karen Li Kan Fung-ling, the firm’s director of corporate development, said it does not fret over government measures to cool down the property market. | Asian Post (April 8, 2014) - Home prices in Hong Kong, Shanghai and Mumbai are most vulnerable to a correction, says property consultant Savills. In its latest research report on the world’s 12 major cities, Savills says “new world” economies – referring to China and India – recently saw weak economic growth while older industrialised economies, such as the United States, Britain and Japan, are recovering more strongly than many had anticipated. | Asian Post (April,9 , 2014) - Hong Kong’s primary residential sector remains the focus of market attention, as more developers are expected to launch developments as sales gain momentum. Sun Hung Kai Properties, Cheung Kong and New World Development are planning to release their projects soon, before buying demand dries up. | The Standard (April 10, 2014) - A Japanese homeowner in Mid-Levels suffered a loss of up to HK$9 million while offloading a luxury apartment that was apparently haunted. | 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. |
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Lock Road (STST339)
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