Real Estate

2.2 MILLION ACRES! John Malone Now Biggest Landowner in USA

Ted Turner has lost his crown. According to the newly released 2011 Land Report 100, which ranks the top land barons, John Malone is now America’s biggest individual landowner. The 70-year-old cable pioneer and chairman of Liberty Media now owns 2...

Hong Kong to Face Serious Shortage of Office Space, Survey Says

Hong Kong’s new grade-A office space supply will fall short of demand unless the city suffers a sharp economic contraction, according to a Royal Institution of Chartered Surveyors study.


Census: US housing bust worst since Great Depression

The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.

Hong Kong September Home Sales Fall for Ninth Month on Economic Slowdown

Hong Kong’s home sales fell for a ninth straight month in September as the threat of a global economic slowdown damped homebuyer sentiment.


HK agents end flat-buying tours from mainland

Sandy Li South China Morning Post 01.10.2011
HK agents end flat-buying tours from mainland

Two major Hong Kong property agencies will stop organising flat-buying tour groups from the mainland during the "golden week" National Day holiday as credit tightening across the border starts to bite.

Old H.K. Airport May Relieve Office Shortage

Kelvin Wong Bloomberg.com 30.09.2011
Old H.K. Airport May Relieve Office Shortage

Hong Kong’s abandoned Kai Tak Airport, idle for 13 years, may hold the answer to a space shortage in the world’s costliest office market where banks including Goldman Sachs Group Inc. (GS) jostle for towers.


Hang Lung Properties: Bought Site At Yunnan For CNY3.5 Billion For Commercial Development

Hong Kong-listed Hang Lung Properties Ltd. (0101.HK) said Thursday that it has bought a site in Kunming in China's Yunnan Province for CNY3.5 billion for commercial property development.

HK August mortgage loans drawn down fall 27 pct vs July

Christina Lo, Chris Lewis Reuters 27.09.2011
HK August mortgage loans drawn down fall 27 pct vs July

New mortgage loans drawn down in Hong Kong totalled HK$14.7 billion ($1.88 billion) in August, down 27 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed.


Hong Kong’s Tsang Sees ‘Soft Landing’ for Property, Keeps Peg

Hong Kong Financial Secretary John Tsang predicted a “soft landing” for the property market and said the city will keep its currency peg to the U.S. dollar, blamed for helping drive home prices up about 70 percent.

Billionaires Pay Most for Hong Kong Homes, Savills Says

Kelvin Wong and Nichola Saminather Bloomberg.com 25.09.2011
Billionaires Pay Most for Hong Kong Homes, Savills Says

Hong Kong has the world’s most expensive average home prices for billionaires, with per square foot value of those properties almost double that of London, according to a survey conducted by Savills Plc.


Hong Kong Developers Set to Accelerate Sales of New Projects

Kelvin Wong San Francisco Chronicle 20.09.2011
Hong Kong Developers Set to Accelerate Sales of New Projects

Hong Kong developers may have to accelerate sales of new housing projects even as buying sentiment wanes amid the global equity rout and as the city intensifies efforts to curb property prices.

Hong Kong government to sell 8 residential sites in Oct-Dec quarter

The government will maintain its relatively fast pace of increasing land supply as it plans to sell eight residential sites to provide about 5,000 new flats next quarter, according to Secretary for Development Carrie Lam.


Hong Kong Real Estate Sales Rebound

Live Trading News 14.09.2011
Hong Kong Real Estate Sales Rebound

Local property transactions regained momentum over the weekend amid anticipation of developers putting more new flats on the market.

San Francisco Explores ‘Bird-Safe’ Building Standards

Legislation in San Francisco designed to prevent birds from deadly accidents involving high-rise windows has passed a Board of Supervisors committee and will be presented to the full board.


Frank Gehry's first China project: 'The building designed itself'

Canadian-American Pritzker Prize-winning architect Frank Gehry's first building in Hong Kong is almost complete. Dubbed OPUS HONG KONG, the 12-story residential block's design was inspired by its unparalleled location at 53 Stubbs Road.

Hong Kong’s Peg Raises Risk Real Estate Prices May ‘Roll Over,’ MGPA Says

Hong Kong’s property market is showing signs it may “roll over” as prices drop over the next one or two years with the city’s currency peg linking it to the risk of higher U.S. interest rates, according to MGPA.


Sun Hung Kai Buys Kong Kong Property for $400 Million, Missing Estimates

Kelvin Wong and Stephanie Tong Bloomberg.com 07.09.2011
Sun Hung Kai Buys Kong Kong Property for $400 Million, Missing Estimates

Sun Hung Kai Properties Ltd. (16) paid HK$3.12 billion ($400 million) for a residential site at a Hong Kong land auction, the third plot in succession to sell for less than estimates as the city’s home prices cool.

News Corp. to Sell East London Headquarters

MARIETTA CAUCHI And LILLY VITOROVICH The Wall Street Journal 07.09.2011
News Corp. to Sell East London Headquarters

News Corp.'s embattled U.K. newspaper division put its East London headquarters up for sale Monday, after a turbulent 25-year history at the site. In a brief statement, News International said the decision to sell the 15-acre site at Wapping follo...


Juan 'Johhny' Robles has spent most of life in and out of prison.His room reflects prison regime cleaniliness everything in its place.

A long way down the US housing ladder, beneath the grisly 'projects' of The Wire and the trailer parks hymned by Eminem, beneath the slums of New Orleans and the ghettos of Detroit, you'll find the long-stay hotel. Cheap, not very cheerful, and pr...

Mainland Buyers Pour In as Hong Kong Property Slows

Alex Frew McMillan CNBC.com 31.08.2011
Mainland Buyers Pour In as Hong Kong Property Slows

Elaine Fang, a real-estate broker with Midland Realty on Hong Kong Island, is very happy to see mainland Chinese buyers walk through the door of her branch at The Belcher’s. If she does her job, she’ll sell an apartment. If she does it well, she’l...



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