Real Estate
New-home sales fall in US, 2011 could be worst year yet
Sales of new homes fell for the third straight month in July, a sign that housing remains a drag on the economy. If the current pace continues, 2011 would be the worst year for new-home sales on records dating back at least half a century.
Hong Kong Cathedral Sits on Pricey Site
Hong Kong's tight property market has activists pressing the government to make more of its valuable land bank available for development, but one prime Central-district property is beyond the reach of the government and developers.
Hong Kong Central Shop Rents to Boom as Gap, Abercrombie Plan Stores
Abercrombie & Fitch Co. (ANF) and Gap Inc. (GPS)’s expansion in Hong Kong may help push shop rents in the Central business district up almost 50 percent over the next three years, according Jones Lang LaSalle Inc.
Hong Kong Billionaire Fills Funding Gap in U.K.’s Low-Cost Housing Market
Billionaire Cheng Yu-tung and two fellow Hong Kong investors, faced with soaring real-estate prices at home, are helping the U.K. plug a gap in funding for low-income housing after gaining control of a London-based property manager.
How Unaffordable Is Hong Kong Housing?
When investment bankers start pontificating on Hong Kong’s housing and income inequality problems, you know it’s a serious problem.
Hong Kong Government To Sell 2 Residential Sites By Public Tender
The Hong Kong government said Friday it plans to sell two residential sites by public tender, as part of its pledge to boost private housing supply amid a booming property market.
Hong Kong Chief Executive: Shouldn't Be Too Heavy-handed In Taming Home Prices
Hong Kong Chief Executive Donald Tsang said Friday the government shouldn't be too heavy-handed in taming the rise in home prices, adding the city's booming property market has been relatively stable since fresh tightening measures were unveiled l...
Hong Kong Commercial Real Estate Sector Continues Accelerated Growth Trend in 2011
According to a new report released this week by global real estate consulting firm Jones Lang LaSalle titled the Hong Kong Mid-Year Property Review, strong consumption and continued corporate expansion growths, along with sustained low interest ra...
Hong Kong Showcase of The Ritz-Carlton Residences, Bangkok Unveils Height of Luxury in the City’s Tallest New Architectural Landmark
Spectacular penthouse-style condominiums at The Ritz-Carlton Residences, Bangkok – atop the city’s tallest and most prestigious new skyscraper – are being showcased in Hong Kong from July 15-17.
Reverse mortgage loan scheme begins in Hong Kong
The Hong Kong Mortgage Corporation (HKMC) launched its reverse mortgage program (RMP) on Monday as seven banks took part in the signing ceremomy attended by deputy chairman of the HKMC and chief executive of the Hong Kong Monetary Authority, Norma...
US unemployed get 12 months rent-free under policy changes
The Obama administration will require mortgage companies to extend more generous mortgage relief to help certain unemployed borrowers from losing their homes to foreclosure.
Hong Kong Home Sales Fall for Sixth Straight Month on Curbs
The number of housing transactions in Hong Kong fell for the sixth straight month in June as rising mortgage rates and government efforts to curb real-estate prices damped demand.
Hong Kong Government To Auction Residential Site In New Territories In August
The Hong Kong government said Thursday it will sell a private residential site in Sha Tin, a district in the New Territories, by public auction on Aug. 9.
Mapletree 'in talks to buy HK's Festival Walk'
Mapletree Investments, a property arm of Singapore investment company Temasek Holdings, is in discussions to buy the Festival Walk retail complex (picture) in Hong Kong's Kowloon Tong district, the Sing Tao Daily reported yesterday, citing an unna...
Hong Kong Waits for the Real Estate Bubble to Burst
Chris and Karen Lane are in the market for a property in Hong Kong. They added a daughter, Bailyanna, to the family in October and are moving back to the city of Ms. Lane’s birth after nine years in Japan. But like many potential buyers here, they...
HK developer to launch condo in Singapore
Hong Kong developer Cheung Kong unveiled on Wednesday its latest residential property project in Singapore.
Aiming for high quality growth in Hong Kong
Over the last quarter century, Hong Kong has allowed Singapore to overtake it, even though the two cities were growing neck-in-neck prior to 1987. In an earlier article I attributed the decline in growth largely to a shortage of land. Hong Kong is...
China Wealth Fuels 'Frightening' Hong Kong Home Price Surges, Tsang Says
Hong Kong home prices are “quite frightening” as China’s growing wealth fuels increases of 2 percent a month and the government may introduce more measures to slow the property market, Chief Executive Donald Tsang said.
Austrian government postpones plan to sell mountain peaks
An Austrian government agency abruptly pulled two sky-high pieces of real estate — majestic peaks offering stupendous alpine views — off the open market Tuesday after an outpouring of national outrage over the perceived sellout of the nation's her...
US Housing Crisis Is Now Worse Than Great Depression
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.