Residential Property
Sites for flats under home ownership scheme identified
Sites for flats under home ownership scheme identified
Flats to be offered under the new Home Ownership Scheme, sized at about 400 or 500 square feet, will be built at six sites.
CE Tsang presents new home ownership scheme
Flats of up to 500 square feet may be affordable to families with monthly income of $30,000.
Home sweet home: Government targets 40k annual supply of flats
The Government will explore the possibility of converting into housing land 150 hectares of agricultural land in North District and Yuen Long.
Ensure sufficient land supply to contain price rises, says analyst
Perception of land scarcity, meanwhile, is seen as slowly changing as property developers show lukewarm response to auctions.
Tenders for 2 residential sites awarded at a total premium of $176.111m
The Stanley Inland lot and Sai Kung lot were awarded to Harcourt Holdings and Smaragdine, respectively.
More flats, anyone?
Lawmakers reportedly urged the government to ramp up flat supply by as much as 13,000 public housing units every year.
Residential property deals in its lowest since 2009
Monthly transactions totalled only 6,000-7,000 in July and August, almost 50% lower than the average monthly volume in 2009 and 2010.
September flat sales down 10.5%
The total consideration of the sales was $31.2bn, down 41.7% year on year.
Controlling family invests HK$14.8m back into Sun Hung Kai
The Kwok family bought back 165,000 shares.
Kingswood Property stops operations
This was due to a sudden fall in real estate transactions.
Hong Kong homes most expensive for billionaires
Homes purchased by billionaires in Hong Kong cost $10,360 a square foot, or double the price paid by billionaires in London.
Property price hikes unstoppable in China
As new home prices rose in all 70 cities for the first time this year.
Sun Hung Kai Properties underlying profit up 55%
This is a record high for the developer that has so far spent more than HK$11 billion for sites purchase from the Hong Kong government.
Powerlong’s contract sales disappointing at RMB2.3b in 1H 2011
Moody’s says its new private debt placement of HK$1b won’t impact its negative outlook.
Sun Hung Kai Properties to invest more than $835m to develop new site
The developer has acquired a Tseung Kwan O residential site from Tuesday’s government land auction for $410 million.
Cheung Kong forecast to lead bids at government land auction
Analyst says Cheung Kong’s strategy has always been to sell a lot and buy a lot.
Sale and purchase agreements for buildings slump 56.6% to 7,348
The total consideration for sale and purchase agreements was only $40.8 billion in August .
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