Post Tagged with: "Hong Kong & China"

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 […]