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Builders object to HK property curbs

China Daily 26.11.2012
The Cheung Kong Center stands in Central. Major developers in Hong Kong joined hands to object to the government's recently announced cooling measures to curb home prices. [Photo/Agencies]

Major property developers in Hong Kong raised objections to the government's recently announced measures to curb skyrocketing home prices, and sought exemptions to a tax which targets overseas and corporate buyers, after home sales fell significantly following the measures' introduction.

From bankers to cage-dwellers, HK feels property price squeeze

HONG KONG (Reuters) - In a cramped space on the fifth floor of an old industrial building in Hong Kong, Huang Shaochang and his wife live in some of the priciest real estate per square foot in the world - a 35 sq ft room with a bunk bed and small TV.

Fears of HK commercial property bubble

Hong Kong's clampdown on speculation in residential property is fuelling fears that the hot money flowing into the region will further inflate a bubble in the city's commercial property market.

Asia Pacific Region Enjoys Residential Market Price Increases Despite Economic Slowdown

In a puzzling scenario, some Asia Pacific countries are seeing prices rising in their home markets despite a global economic slowdown, according to the latest edition of Knight Frank's Asia Pacific Residential Review compiled by Nicholas Holt. His findings were posted in an online press release.

In the first nine months of the year Hong Kong's property market has rocketed 20 per cent Photo: REX FEATURES

Hong Kong has introduced a 15 per cent tax on foreign buyers in a bid to cool down its property market.

Hong Kong’s Property Tycoons Drop $2.3 Billion in Wealth

The six richest property developers in Hong Kong lost a combined $2.3 billion in net worth today as shares in their companies dived after the government imposed a property tax on overseas buyers.

New duties on real estate to take effect tomorrow

The new stamp duty rules for property transactions were gazetted today and will take effect tomorrow.

Hong Kong government attempt to stop property prices soaring further

The first long-term policy for 14 years is currently being formulated in Hong Kong in attempt to cool soaring property prices.

Hong Kong Property Watch 2013: Home Prices Will Soar to All Time High by 2014

Sales of Hong Kong's new homes could reach record highs -- yes, another record high -- over the next couple of years as developers accelerate releases of residential projects, according to a report in the South China Morning Post.


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