Real Estate

Home2Home Expanding Ovola Serviced Apartment Brand in Hong Kong

Hong Kong serviced apartment group Home2Home is to re-brand its property portfolio under the name of its flagship, Ovolo.

Luxury Retail Rents May ‘Bounce Back’ as Rich Shoppers Return

Kelvin Wong and Simon Packard BusinessWeek 10.06.2010
Avenue des Champs-Elysees

Luxury retail rents may soon “bounce back” after two years of declines as the global economic recovery fuels demand for designer handbags, watches and clothes, Colliers International said.

Hong Kong auctions land, price beats forecasts

Hong Kong on Tuesday auctioned a piece of land at a price that beat expectations, fuelling concern that the island's property market could still face some overheating despite government measures.

China housing prices may plummet 20-30% in the next few quarters: Barclays Capital

China's property prices may drop between 20 percent and 30 percent in the “next few quarters,” according to Barclays Capital.

Hong Kong Residential Site May Fetch $1.1 Billion in Auction

Hong Kong developers may pay HK$8.41 billion ($1.08 billion) for a residential site at a government auction tomorrow, as some analysts cut their estimates after two previous land sales missed forecasts and apartment prices fell in the last two weeks.

Has the Tide Turned on Hong Kong Property?

Joyce Li The Wall Street Journal 02.06.2010
Has the Tide Turned on Hong Kong Property?

Many Hong Kongers are holding their breaths for a dive in property prices after government moves to cool the market and after two sites were auctioned off at disappointing prices. But will a drop really happen?

Hong Kong realtors make hay as mainland demand surges

China's tightened real estate policies are encouraging mainland multimillionaires to snap up luxury apartments in Hong Kong, though some Hong Kong investors are finding mainland property prices more competitive.

China Real Estate Bubble Bursts in Bond Market: Credit Markets

Dollar bonds sold by China real estate companies this year are the worst performers among Asian non-financial corporate debt denominated in the U.S. currency amid concern the nation’s property market is overheating.

China, HK property retains allure despite wobbles

Real estate in mainland China and Hong Kong retains a strong long-term allure despite current fears of a damaging bubble, according to an influential player in the regional market.

Hong Kong Realty Takes A Needed Breather

Alex Frew McMillan CNBC 28.05.2010
Hong Kong Realty Takes A Needed Breather

For the last five years, Harold Leung, an executive director with a Hong Kong-based investment-management company, has wanted to buy an apartment in Hong Kong. He and his wife, Elsa, are expecting their first child in July. But he keeps getting pu...

The tender for the property project located above Nam Cheong station in Hong Kong's Sham Shui Po district has been canceled, Nam Cheong Property Development Ltd., the government-backed company overseeing project, said Friday, without providing a r...

Breathing Life, and Cash, Into Hong Kong's Old Walk-Ups

ALEX FREW McMILLAN The New York Times 28.05.2010
Breathing Life, and Cash, Into Hong Kong's Old Walk-Ups

When Sean Clifford returned to Hong Kong for a friend’s wedding in 2005, he couldn’t believe the kind of rental returns he estimated he could achieve in a year after renovating an apartment in one of the city’s old walk-up buildings.

Marriott Signs 7 More Hotels in China 27.05.2010
Marriott Signs 7 More Hotels in China

Marriott International has signed management agreements for seven additional hotels in China and aims to double its presence in the country in about five years.

Hong Kong residential mortgage survey results for April 2010

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for April 2010. New mortgage loans drawn down during April declined by 6.2% to HK$25.7 billion compared with March.

Carlson announces spectacular Radisson Beach Front Resort in Huizhou

Carlson Hotels, one of the world's leading hotel companies, announces today that it has signed a hotel management agreement in one of China's most sought after holiday resort destinations, Huizhou. The Radisson property on a spectacular beach fron...

Henderson Subsidiary Buys H.K. Land Below Estimates

Chia-Peck Wong BusinessWeek 25.05.2010
Henderson Subsidiary Buys H.K. Land Below Estimates

A Henderson Land Development Co. subsidiary bought a building site in northern Hong Kong for HK$1.33 billion ($170 million) in the second government auction this year to miss surveyors’ estimates.

Luxury Hong Kong land plot sells for record 1.82 billion HK dollars

JONATHAN CHENG And JOYCE LI The Wall Street Journal 20.05.2010

A plot of land in one of Hong Kong's most sought-after areas sold for a record 1.82 billion Hong Kong dollars (233 million US dollars) at auction Tuesday.

Hong Kong Rules on New Home Sales to Come in June 1

Chia-Peck Wong BusinessWeek 14.05.2010
Hong Kong Rules on New Home Sales to Come in June 1

Hong Kong rules on new home sales, including the use of show apartments and disclosing transactions that involve senior company executives, will take effect on June 1, the government said.

Residential Tung Chung land sold cheaper than expected

A 26,200-square-meter residential site in Hong Kong has been sold at a government land auction for 3. 42 billion HK dollars (440.7 million US dollars) on Tuesday, just 18.9 percent higher than the initial bidding price.

Curbs tipped to cool Tung Chung land auction

Derek Yiu The Standard 10.05.2010
Curbs tipped to cool Tung Chung land auction

A Tung Chung site that will be auctioned tomorrow is expected to fetch slightly less than originally expected because of the raft of official policies to cool the property market.

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