HONG KONG, CHINA–(Marketwired – Dec 4, 2017) – Asia's premier property leaders' summit, the annual MIPIM Asia, concluded last week after welcoming more than 900 of the world's top-level real estate professionals and industry experts. The annual event ... ( read original story ...)
Why Hong Kong property in central Kowloon attracts high-end buyers
Central Kowloon has seen a new wave of residential construction over the last year or so, as developers have ventured out to undertake ambitious projects to build luxury residences. Kerry Properties, Wheelock Properties and Sun Hung Kai Properties (SHKP ... ( read original story ...)
Too much Hong Kong property is built and priced around naive ignorance and misplaced optimism towards climate change
When Typhoon Hato swept over Hong Kong three months ago – the first Typhoon signal 10 since Vincent in 2012 – I watched for the second time in five years the tidal surge swamp the vacant village house built optimistically on the waterfront near to me ... ( read original story ...)
And the Winners are: Asia’s Best Property Projects Revealed at 2017 MIPIM Asia Awards in Hong Kong
HONG KONG, CHINA–(Marketwired – Dec 1, 2017) – World renowned architectural and design firms, leading developers and property industry professionals from across the globe were recognised at the MIPIM Asia Gala Dinner for their contributions to the ... ( read original story ...)
Hong Kong’s House Prices Could Soar Another 10% Next Year
In a sign that mortgage wars between banks are raging even amid the prospect of rising interest rates, HSBC Holdings Plc is offering to match low rates from rival lenders. Hong Kong’s largest mortgage lender is offering some clients a rate of Hibor plus ... ( read original story ...)
Hong Kong property developer offers free Teslas with luxury flats
A Hong Kong property developer is offering free Teslas to those who sign up to buy their luxury flats. K&K Property has announced that it will bestow the first five bidders for their four-bedroom apartments with either HK$500,000 (£48,179) cashback or ... ( read original story ...)
Is Hong Kong’s property bubble finally ready to burst? Here are two things to watch
Stein’s Law, named after Herbert Stein, chief economic adviser to disgraced US president Richard Nixon, states that “if something cannot go on forever, it will stop”. Well, the nine-year run-up in Hong Kong housing prices cannot go on forever. ( read original story ...)
My mother and Mao, Singapore taxes and the rise of Hong Kong property: the Robert Kuok memoirs
Malaysian-born billionaire Robert Kuok has just published his memoirs – due out at bookshops this weekend – but they are by no means a tell-all. For starters he reveals few clues on the decades-old question of who will succeed him at the helm of the ... ( read original story ...)
Overdue law on land titles could have simplified flat-buying in Hong Kong, Audit Commission says
As such, property or land buyers have to hire a lawyer to review ... This new system has long been adopted by countries such as Britain and Australia. In Hong Kong, the old deeds system has been in place since 1884 and the government has been discussing ... ( read original story ...)
Hong Kong’s property market has no signs of slowing
At today’s year-end press conference, Colliers reveals Hong Kong’s property market continues to rise on the basis of a healthy economy. Hong Kong’s real GDP is likely to grow at 3.7% in 2017, the highest since 2011 and exports recorded growth of ... ( read original story ...)
Clark, Wat met Hong Kong, China developers as foreign investor debate roiled B.C.
In 2015, as home prices skyrocketed in Vancouver, then B.C. premier Christy Clark and then trade minister Teresa Wat held intimate meetings with Hong Kong developers and donors who had billions invested in Vancouver property. They wanted to know if Clark ... ( read original story ...)
Hong Kong apartments break the bank by selling for $149 million
The price broke the previous record paid for an apartment in the country’s burgeoning property market, when a duplex unit sold for $13,439 per square foot in September 2017. The price broke the previous record paid for an apartment in Hong Kong ... ( read original story ...)
In China Property, Investors May Switch From Bonds to Stocks
Shares of BB rated Chinese property developers will rise, according to the analysts led by Ryan Li, Hong Kong-based executive director of the firm’s China property research division. Dividend yields on those companies were less than the credit ... ( read original story ...)
Hong Kong is top property investment destination
In terms of property investment, Hong Kong led its regional counterparts in Asia during the first half of 2017, a report by PwC showed. Hong Kong emerged as a top investment destination, with real estate sales reaching USD8.269bn, a 5% year-on-year increase. ( read original story ...)