Hong Kong Home Prices Rise for First Time in 11 Months After Curbs Scrapped [BNN Bloomberg (Canada)]
Colliers International Group Inc. - Subordinate Voting Shares (CIGI)
Last colliers international group inc. - subordinate voting shares earnings: 4/28 07:00 am
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Source: BNN Bloomberg
The price index for private domestic homes increased by 1.06% from February, after declining for 10 months straight, according to the Rating and Valuation Department. The figure reflects the performance of the property market in the first full month since the government cut levies on home purchases in late February. Yet analysts doubt whether the rebound will be sustained as developers try to offload excess inventories at a time when high borrowing costs continue to weigh on demand. There are 20,000 completed but unsold apartments in the city, along with 71,000 unsold units that are under construction — both record highs, according to Hannah Jeong, head of valuation and advisory services for Hong Kong at Colliers International Group Inc. The oversupply will lead “to a downward adjustment of pricing by developers to clear inventory,” Jeong said in a statement. “This will give pressure to the second-hand market, further slowing down the transactions.” The prospect of higher-for
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- Colliers International Group Inc. (NASDAQ:CIGI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Colliers International: No Surprises With First-Quarter Results [Seeking Alpha]Seeking Alpha
- Colliers International Group Inc. (NASDAQ: CIGI) had its price target lowered by analysts at Royal Bank of Canada from $150.00 to $145.00. They now have an "outperform" rating on the stock.MarketBeat
- Colliers Reports First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Colliers Reports First Quarter Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
CIGI
Earnings
- 5/2/24 - Miss
CIGI
Sec Filings
- 5/2/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/2/24 - Form 6-K
- CIGI's page on the SEC website