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Tuesday, March 28, 2017

Housing market revives

Off-plan sales of new residential projects are being launched one after another. Nova Grand from Shun Tak Group is the latest one, seeing the sale of 400 units completed in three days. Purchasing power is apparently strong and has been building up in the past few years, local property agents say, adding that the city needs much more supply.

No agreement, no pay

Pearl Horizon homeowners have announced they will stop repaying their mortgage loans
Yesterday, junket operator Tak Chun Group opened its VIP operation in Studio City with nine gaming tables, according to a press release by the company. According to the release, its VIP operation in the Melco Crown Entertainment property is named...
Chinese property developer group Logan Property Holdings Company Limited reached RMB3 billion (MOP3.5 billion/US$443.8 million) in contracted sales in October, 2016, an 8.7 per cent year-on-year increase from the same period of last year, according to a company filing...

Housing market stabilising

Housing transactions fell m-o-m in November, with a 62 pct drop in sales in Coloane on the tail of new luxury residential sales the previous month. Housing prices stabilised, with a 1 pct m-o-m increase and a 20 pct y-o-y increase in average home prices. Total home transactions surged 122 pct y-o-y for the month.
Polytex said in its appeal to top court that the seizure of the land plot could potentially bring about the bankruptcy of the company.
The Secretary for Transport and Public Works faced down the Legislative Assembly on the city’s main issues yesterday. Nitpicking of his Policy Address continues today. With public housing, LRT and Pearl Horizon centre stage. The Secretary affirmed new housing will be built, while the LRT will continue as planned . . . although potentially not 100 pct operational.
With the assistance of the Housing Bureau, some 280 management committees have been set up in the city. According to the latest data released by the Bureau, it assisted 1,296 cases related to housing management-related affairs in the first...

Residential Rebounds

Total home transactions in the MASR tripled to 1,162 in October y-o-y. Credited to surging sales and purchases in Coloane. Boosted 863 pct y-o-y by the sales of Sky Oasis. Average housing prices for the month, meanwhile, climbed 12.7 pct y-o-y to MOP89,430 per square metre.

Road Works Ahead

Yesterday’s Legislative Assembly said it: worsening traffic next year. Secretary for Transport and Public Works Raimundo do Rosário confirmed road works will increase in 2017. He also elaborated upon pressing housing issues and the supply of materials.
The latest AMCM data also reveals that outstanding values for residential mortgage loans remained unchanged whilst commercial real estate loans increased m-o-m
The regional director and Head of Research of JLL in China expects the city’s property market, among other sectors, will be affected most by this recent policy
Shun Tak Holdings Ltd. has clarified which land plots it will attempt to get from the government relating to its ongoing negotiations regarding the Nam Van land swaps for plots whose total developable gross floor area amounts to 2.7...
The company expects to receive approval from the government for the detailed plan for its Senado Square project during the third quarter of this year

Real Estate Rocketing

Real estate in the MSAR continues its upward trajectory. With total transactions increasing dramatically in January. Despite an astounding 60 per cent rise, however, the sector has started to moderate its performance compared to a hectic end to 2016.
Have you been to Hengqin lately? The not-so-long-ago almost deserted island is unrecognisable. And it’s just the beginning. Last weekend, it hosted the high profile women’s WTA Elite Tennis Trophy. In a new complex that magnifies the fast-paced change of the neighbouring mountain across the river

Online Opportunity

As the REA Group sees low stock prices despite strong performance, analysts are predicting that given its recent acquisition of iProperty Group – which covers Asian markets including Macau and Hong Kong – it will help it capture a...
Yuexiu Property Company Limited has purchased a land plot for commercial and residential development in Nansha, Guanzghou, it informed the Hong Kong Stock Exchange on Monday. According to the filing, Yuexiu Property Company acquired Guangzhou Zhongjing Huifu Real Estate Development,...
Some 14 property developers from Macau and Hong Kong have been shortlisted for the 3rd China Property Awards, English language website Property Report has reported. Local casino-resort Wynn Palace by Wynn Macau Ltd. is listed in and dominates the hotel...

New digs in Shanghai

Shun Tak to purchase HK$2.2 bln property in Shanghai
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