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HK agents end flat-buying tours from mainland

Sandy Li South China Morning Post 10/01/2011
Hong Kong September Home Sales Fall for Ninth Month on Economic Slowdown

Hong Kong’s home sales fell for a ninth straight month in September as the threat of a global economic slowdown damped homebuyer sentiment.

HK agents end flat-buying tours from mainland

Two major Hong Kong property agencies will stop organising flat-buying tour groups from the mainland during the "golden week" National Day holiday as credit tightening across the border starts to bite.

Old H.K. Airport May Relieve Office Shortage

Kelvin Wong Bloomberg.com 10/01/2011
Old H.K. Airport May Relieve Office Shortage

Hong Kong’s abandoned Kai Tak Airport, idle for 13 years, may hold the answer to a space shortage in the world’s costliest office market where banks including Goldman Sachs Group Inc. (GS) jostle for towers.

Hong Kong Banks See Further Mortgage Increases, Barclays Says

Hong Kong banks expect to continue raising mortgage rates for the rest of this year, signaling the market won’t be rescued by cheap debt as occurred in 2008, Barclays Capital said.

HK August mortgage loans drawn down fall 27 pct vs July

Christina Lo, Chris Lewis Reuters 09/27/2011
Hang Lung Properties: Bought Site At Yunnan For CNY3.5 Billion For Commercial Development

Hong Kong-listed Hang Lung Properties Ltd. (0101.HK) said Thursday that it has bought a site in Kunming in China's Yunnan Province for CNY3.5 billion for commercial property development.

HK August mortgage loans drawn down fall 27 pct vs July

New mortgage loans drawn down in Hong Kong totalled HK$14.7 billion ($1.88 billion) in August, down 27 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed.

Billionaires Pay Most for Hong Kong Homes, Savills Says

Kelvin Wong and Nichola Saminather Bloomberg.com 09/25/2011
Hong Kong’s Tsang Sees ‘Soft Landing’ for Property, Keeps Peg

Hong Kong Financial Secretary John Tsang predicted a “soft landing” for the property market and said the city will keep its currency peg to the U.S. dollar, blamed for helping drive home prices up about 70 percent.

Billionaires Pay Most for Hong Kong Homes, Savills Says

Hong Kong has the world’s most expensive average home prices for billionaires, with per square foot value of those properties almost double that of London, according to a survey conducted by Savills Plc.

Hong Kong Developers Set to Accelerate Sales of New Projects

Kelvin Wong San Francisco Chronicle 09/20/2011
Hong Kong Developers Set to Accelerate Sales of New Projects

Hong Kong developers may have to accelerate sales of new housing projects even as buying sentiment wanes amid the global equity rout and as the city intensifies efforts to curb property prices.

Hong Kong government to sell 8 residential sites in Oct-Dec quarter

The government will maintain its relatively fast pace of increasing land supply as it plans to sell eight residential sites to provide about 5,000 new flats next quarter, according to Secretary for Development Carrie Lam.


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