EAA warns over brawling agents

Business | Staff Reporter 29 Jul 2020

The Estate Agents Authority yesterday warned it would hold the management of estate agent companies accountable if their agents engaged in physical brawls.

This came after an earlier warning by the EAA in May to real estate agents to be self-disciplined, after some agents reportedly fought for customers at a sales office in Kwun Tong.

Meanwhile, in the primary market, the government said it will provide nearly HK$1.1 billion towards a transitional housing development at Kong Ha Wai in Yuen Long, which is expected to provide about 1,998 units.

Henderson Land Development (0012) said last November that it will lease the plot to the government for a nominal fee of HK$1.

In Tuen Mun, Wing Tai Properties sold a 1,744-sq-ft luxury house at The Carmel for nearly HK$30 million, or HK$17,200 per sq ft, and Empire Group and Hong Kong Ferry (0050) will offer 185 flats at Seacoast Royale for sale on August 1.

In the secondary market, a vendor sold a 2,355-sq-ft luxury house at Caribbean Coast Phase 5 La Mer in Tung Chung for HK$23 million or HK$9,766 per sq ft, after slashing HK$2.5 million from the asking price. And in Kowloon Tong, another vendor sold a 737-sq-ft flat at Parc Oasis for HK$15.2 million, or HK$16,612 per sq ft, after cutting HK$800,000 from the asking price.

In other news, the one-month Hong Kong Interbank Offered Rate, which is linked to the mortgage rate, fell to 0.25107 percent yesterday.

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