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 […]