Post Tagged with: "property"

Record high sales at Chinese developer Vanke, which unveiled ‘to survive’ slogan, in 2018

Record high sales at Chinese developer Vanke, which unveiled ‘to survive’ slogan, in 2018

China Vanke, mainland China’s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion yuan, […]

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 […]

Chinese developer Kaisa’s Xian  fallout highlights shanty town redevelopment risks

Chinese developer Kaisa’s Xian fallout highlights shanty town redevelopment risks

Shares of mainland Chinese developer Kaisa Group Holdings tumbled another 4.3 per cent on Thursday after a 7.2 per cent drop a day earlier as it faces losing its investment in an urban redevelopment project in northern Xian city, highlighting the inherent risks in such deals. The Shenzhen-based developer has […]

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 […]

Kaisa says its US$150 million Xi’an development project is at risk over dispute with local developer Xingzhengyuan

Kaisa says its US$150 million Xi’an development project is at risk over dispute with local developer Xingzhengyuan

faces losing its entire investment of almost US$150 million in a key urban redevelopment project, underscoring the vagaries in China’s property market. The Shenzhen-based home builder, which gained notoriety in 2015 when it became the first developer from the nation to default on US dollar debt, has invested more than […]

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 […]

You may get 12 hrs/day to register your property

You may get 12 hrs/day to register your property

KOLKATA: In a first in the state, the finance department has proposed a radical increase in timing from seven hours to 12 hours at one of its offices. According to the plan, the Registrar of Assurances (RA) at 5 & 6, Government Place (North) will be open from 8am to […]

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 […]