Post Tagged with: "Hong Kong property"

Sino Land’s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents’ fees

Sino Land’s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents’ fees

Hong Kong developer Sino Land’s first property sale of 2019 got off to a lacklustre start, after a dispute with sales agents over commission sapped their motivation amid a market downturn. The developer had sold just 39 of 118 of its Grand Central flats on offer, priced between HK$9 million […]

Hong Kong’s first residential project sale of the year released with steep price discounts

Hong Kong’s first residential project sale of the year released with steep price discounts

Mainland developer China Overseas Land and Investment unveiled aggressive discounts at its new residential flats released in Tai Po on Thursday, in an effort to fend off competition amid rising supply and concerns of a spreading malaise in the city’s housing market. In the first property sale of the new […]

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land said late Thursday that it would revise commission fees at its Grand Central project in Kwun Tong to 2 per cent starting from January, offering a partial concession to property agents angered by the developer’s decision to slash the fee last week. Management from Centaline Property Agency held […]

2018, Hong Kong’s second-best year for property sales at US$93 billion, ended with a whimper in December

2018, Hong Kong’s second-best year for property sales at US$93 billion, ended with a whimper in December

Hong Kong recorded its second-best year for property sales in 2018 on the back of a red hot first half, in which transactions worth HK$403.7 billion (US$51.5 billion) were reported. However, the market has cooled since August, when a 28-month bull run came to an end, with December recording a […]

Hong Kong office sales in December worst since 2008, with only three deals recorded

Hong Kong office sales in December worst since 2008, with only three deals recorded

Only three sales of office space were completed in Hong Kong in December, the lowest number in a decade and a sign of the spreading malaise in the city’s property market. For the whole of last year, there were 196 sales of either single offices, whole floors or entire office […]

What a difference nine months make – price of Mount Nicholson home drops by US$7 million

What a difference nine months make – price of Mount Nicholson home drops by US$7 million

A home in Hong Kong’s ultra-exclusive Mount Nicholson neighbourhood on The Peak is the latest victim of souring sentiment in the world’s most expensive property market. On Monday, House 16 sold for 7.4 per cent less – or HK$58.12 million (US$7.42 million) – than House 17, which was sold in […]

Correction in Hong Kong’s property market gathers speed as prices fall 3.5 per cent in November

Correction in Hong Kong’s property market gathers speed as prices fall 3.5 per cent in November

Prices of lived-in homes in Hong Kong saw the sharpest decline in a single month in November since the global financial crisis in 2008. The monthly home price index, which represents movements in the secondary property market, fell 3.5 per cent to 366.3 in November, compared to the 2.56 per […]

Hong Kong homebuyers beware: wait for better deals in second half of 2019

Hong Kong homebuyers beware: wait for better deals in second half of 2019

Buyer’s tip: wait until the second half of the new year before purchasing a home in Hong Kong. While prices have already begun to slide in the world’s least affordable housing market, experts say a mix of events in the first six months of 2019 will weigh down prices further. […]

Hong Kong’s record-breaking parking space market set to lose steam, say analysts

Hong Kong’s record-breaking parking space market set to lose steam, say analysts

Hong Kong’s famously lucrative market for car parking spaces may be about to stall, according to analysts and investors. Prices of parking bays, which peaked this year at an average HK$2.25 million (US$290,000), are likely to drop in the short term as demand wavers amid a souring property market, rising […]

Grand Central flats in East Kowloon nearly sell out, giving Sino Land a strong finish to rocky year for developers

Grand Central flats in East Kowloon nearly sell out, giving Sino Land a strong finish to rocky year for developers

Hong Kong developer Sino Land is closing the year on positive note, after buyers snapped up close to 90 per cent of its flats for sale on Saturday. About 180 of the 208 units the company released at the fourth round sale of its Grand Central residential project in Kwun […]