Hong Kong Housing Rebound Starts to Cool as Weekend Sales Fall [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
Sales of secondhand apartments at the 10 biggest residential estates fell 24% after reaching a three-year high the previous weekend, according to Centaline Property Agency Ltd. Just 28 units changed hands, down from 37 a week earlier. The recovery that was triggered by the scrapping of extra property taxes last month is starting to ease, Louis Chan, the head of Centaline's residential division, said in a statement. Developers' strategy to maintain low prices for new projects has also attracted buyers from the secondary market, leading to slower sales in the sector, he added. The first batch of apartments from Wheelock Properties Ltd.'s Seasons Place project attracted 18 applicants for every unit on offer after the company set the price at the lowest since 2019 for the area. The property industry will remain under pressure due to an abundant supply of homes in both firsthand and secondary markets, as well as high borrowing costs, according to analysts. Colliers International Gro
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CIGI
News
- Hong Kong Home Prices Rise for First Time in 11 Months After Curbs Scrapped [BNN Bloomberg (Canada)]BNN Bloomberg
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- Lessons from the Hall: Business leaders share secrets of success [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Aiken's iconic downtown buildings set to hit market [Yahoo! Finance]Yahoo! Finance
- Colliers International Group Inc. (NASDAQ: CIGI) had its price target lowered by analysts at Scotiabank from $140.00 to $135.00. They now have a "sector outperform" rating on the stock.MarketBeat
CIGI
Earnings
- 2/8/24 - Beat
CIGI
Sec Filings
- 4/10/24 - Form 6-K
- 4/2/24 - Form 6-K
- 3/26/24 - Form 144
- CIGI's page on the SEC website