Tag Archives: Hong Kong Property

Foreign buyers of Hong Kong homes help drive price rebound

A surge in purchases of Hong Kong homes by non-residents offers one explanation for what’s driven an 11 per cent rebound in property prices from a March bottom. In September, 250 homes were sold to non-resident foreigners, the most in … Continue reading

Posted in General, Overseas Property | Tagged | Leave a comment

Hong Kong private-home completions set to hit 10-year high

The number of private-home completions in Hong Kong this year will reach its highest since 2004, said the government yesterday, further pressuring developers after a series of cooling measures forced them to cut prices. The number of flats forecast for … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

Mainland Chinese rush to sell HK luxury homes

Cash-strapped Chinese are scrambling to sell their luxury homes in Hong Kong and some are knocking up to a fifth off the price for a quick sale as a liquidity crunch looms on the mainland. Wealthy Chinese were blamed for … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

Hong Kong’s cooling measures force real estate agents out of jobs

Ms Chu Kin Lan has already closed six out of 11 offices of her Hong Kong real estate agency, whose Chinese name translates as Precious Prosperity, and let go of half of her 70 employees amid the city’s toughest curbs … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

Price surge in Hong Kong, China deters land purchases: Li Ka-shing

Companies controlled by Mr Li Ka-shing, Asia’s richest man, have slowed land purchases in Hong Kong and China, as prices have escalated to what he said are unhealthily high levels. “Land prices in Hong Kong are high and already showing … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

House on The Peak sold at second-highest price in HK

Hutchison Whampoa, the conglomerate controlled by Mr Li Ka-shing, Asia’s richest man, has sold a house in Hong Kong’s Victoria Peak for HK$740 million (S$119 million). The 6,863 sq-ft house at the seven-home, 28 Barker Road project was sold to … Continue reading

Posted in General, Overseas Property | Tagged , , | Leave a comment

Property agents in Hong Kong hit hard by cooling measures

Thousands took to the streets earlier in Hong Kong this month to protest against the government’s recent property tax hikes. Made up mainly of property agents and disgruntled home-buyers, they are angry at the government for doubling the stamp duty … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

Hong Kong home prices decline most since 2008: Centaline

Hong Kong home prices fell the most in four-and-a-half years in the week ended July 7, on concerns that interest rates will begin to rise if the US Federal Reserve phases out its monetary easing program later this year, the … Continue reading

Posted in General, Overseas Property | Tagged , , | Leave a comment

Hong Kong developers seen slowing home sales to control prices

Developers are expected to put the brakes on home sales for the rest of the year after government curbs to rein in prices sapped demand, according to BOCOM International Holdings and Centaline Property Agency. “The pace of sales will remain … Continue reading

Posted in General, Overseas Property | Tagged , | Leave a comment

Hong Kong unveils more cooling measures

The territory’s government yesterday announced comprehensive curbs in an attempt to arrest the exuberance in the property market that it warned could destabilise its economy. The measures come a month after Singapore unveiled wide-ranging measures to cool property prices. Beginning … Continue reading

Posted in General, Overseas Property | Tagged , , | Leave a comment