Insights
Tag: hong kong property agent
Peter Churchouse's Real Estate Rule #4: Save a Fortune With A Conversation
Peter Churchouse is the founder of Portwood Capital, a leading real estate investment company. With more than three decades of experience in real estate investment and research he is widely considered one of the world’s foremost authorities on Asian real estate markets. He is also author of The Churchouse Letter, his financial newsletter which pro
First batch of units at “Arezzo” sold within 3 hours
24 September 2014 - Swire Properties (1972) sold out the first batch of 50 units at its Mid-Levels West development “Arezzo” within 3 hours yesterday, generating a total revenue of HK$1.23 billion. Real estate agents said that about 60% of buyers were investors, the rest were upgraders, mostly residents of Hong Kong Island looking to sell their cu
Licensed agents increase to 35,600 in August
5 September 2014 - The Estate Agents Authority yesterday announced that the total number of licensed agents has risen 4 months consecutively, increasing to a total of 35,595 agents as of the end of August. The figure includes approx. 16,700 individuals with Salesperson Licenses and 18,900 with Estate Agent Licenses. The Hong Kong property market h
High property prices will not continue and there is no need for additional cooling measures
4 September 2014 - [Translated from HKET] As property prices are on the rise, the market is concerned about whether the government will impose additional cooling measures. Joshua Miller, CEO of OKAY.com, thinks that the government does not need to impose additional measures, since existing transaction volumes are low, and property prices would not
Professional qualification for property agents is cancelled in China
3 September 2014 - To simplify the excessive number of vocational qualifications, the State Council of China decided to cancel types of professional qualifications for 11 industries. The professional qualification for real estate agents has been placed at the top of the to-be-cancelled list. Market insiders said that the new regulation will reduce
EAA: Agent malpractices often caused by carelessness and ineffective management
27 August 2014 - The Estate Agents Authority (EAA) has recently conducted an internal analysis of the different types of malpractices substantiated against large and the medium-to-small sized estate agencies and their distribution. The study covered close to 2,000 substantiated breaches over a period of four years from 2010 to 2013. The Authority
Mainland property agencies cut spending on SouFun
21 August 2014 - 19 property agencies in Shanghai have come together and removed their listings from leading real estate portal SouFun.com due to continuously rising advertising rates and a conflict of interest that has emerged. The agency alliance said that SouFun raised its listing prices 10 times in the past five years. Agencies are becoming mo
OKAY.com featured in Oriental Daily News and The Sun as a Platform for Entrepreneurship
CEO Joshua Miller discusses how he left investment banking to pursue life as an entrepreneur, and how OKAY.com is creating a platform for real estate professionals to be entrepreneurs, not employees. “[The] entrepreneurial spirit is very much embodied in the OKAY.com brand, with agents themselves being able to effectively drive their own businesse
'3 Ede Road' in Kowloon Tong to launch first batch of 30 units
14 August 2014 - Kerry Properties (0683) yesterday announced the price list of the first batch of 30 units for '3 Ede Road' in Kowloon Tong, with listed prices ranging from HK$53.12 million to HK$ 76.59 million, equivalent to HK$ 34,400 to HK$ 45,800 per squarefoot. The price level is 30% to 40% higher than secondary market luxury developments wit
Property transaction records reach 17-month high
5 August 2014 - The Land Registry yesterday released statistics indicating that 9,400 sale and purchase agreements were received for all building units in July. The figure marks a 17-month record high. Of the total S&P agreements submitted, 7,792 were for residential units, marking an increase of 30.7% on June and 95.5% on July last year. Turnove
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