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The two bubbles building in Hong Kong

Cris Sholto Heaton Money Week 27.10.2009
Hong Kong's gov't to stabilize property market if necessary

HONG KONG -- Hong Kong's government will monitor “closely” the local property market and will introduce measures to ensure its stability if necessary.

Hong Kong property: the only way is up?

On a flying visit through Hong Kong this week, there are two obvious signs of how much the mainland Chinese economy has picked up. Neither is very welcome.

Hong Kong Acts to Prevent Bubble

JONATHAN CHENG The Wall Street Journal 26.10.2009
Government's response to concern over property prices

Hong Kong (HKSAR) - In response to concern expressed today (October 25) over the high property prices, a government spokesman said:-

Hong Kong Acts to Prevent Bubble

HONG KONG -- Concerns about a growing bubble in Hong Kong's high-end property market pushed central bankers here to increase the required down payment on luxury homes to 40%, from the current 30%.

New property-bubble warnings in Hong Kong

Craig Stephen Market Watch 26.10.2009
New property-bubble warnings in Hong Kong

HONG KONG (MarketWatch) -- If there was a single lesson from the subprime-inspired financial crash, it was that central bankers must watch asset prices and not just the heavily manipulated consumer price indexes.

LUXLife launch Asian Private Destination Club

Hong Kong and one of Asia’s luxury private destination clubs, LUXLife, is offering a lifetime of exclusive villa retreats in some of the world’s most popular leisure destinations - often for less than the price of a mere down payment on just one holiday home.

Hong Kong May End Mortgage Insurance for Investment (Update3)

Sophie Leung and Bei Hu Bloomberg News 22.10.2009
Hong Kong May End Mortgage Insurance for Investment (Update3)

Oct. 21 (Bloomberg) -- The Hong Kong Mortgage Corp. may scrap a program that offers mortgage insurance for investment properties as the city’s central bank tries to prevent a real estate bubble.

Sun Hung Kai Properties Limited - SWOT Analysis - new analysis released

2009-10-21 17:55:03 - Sun Hung Kai Properties Limited - SWOT Analysis - a new market research report on companiesandmarkets.com

Land developer gets set for mainland IPO

Beijing Capital Land (BCL) said it expects approval for its A-share listing sooner than other Hong Kong-listed mainland developers, after it sent in an application to the regulators.

Photo: The most expensive flat is located in this building in Hong Kong / AP photo/ Vincent Yu

HONG KONG, China -- A luxury five bedroom flat in Hong Kong located on 39 Conduit Road, a luxurious residential building, was sold for $57m (HK$439 million) -with each sq foot costing $9,200-setting the new world record for the Most expensive apartment.

HKMA May Consider Raising Luxury Home Deposits, Ming Pao Says

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDZDgqYUEPHY Bloomberg News 21.10.2009
Hang Lung boss a skeptic over sky-high luxury prices

Hang Lung Properties (0101) chairman Ronnie Chan Chi-chung is skeptical about recent sales of luxury properties as prices rocket and one apartment sold for a world record price.

HKMA May Consider Raising Luxury Home Deposits, Ming Pao Says

Oct. 21 (Bloomberg) -- The Hong Kong Monetary Authority may consider increasing down payments for luxury homes in the city priced at more than HK$20 million ($2.58 million) to 40 percent as property prices rally, Ming Pao reported, without saying where it obtained the information.

Lawyer accused over $10m mortgage scam

Patsy Moy The Standard 20.10.2009
Lawyer accused over $10m mortgage scam

A lawyer conned a bank out of more than HK$10 million in a mortgage scam, a district court judge was told yesterday.

Hysan Development and Corporate Governance

Yesterday, Hysan Development , the so-called Big Landlords in Causeway Bay, announced with great regret the death of its Chairman and acting CEO, Peter T.C. Lee at his home in Hong Kong on 17th October, 2009. He was 55.

Flats price fury to hit the streets

Nickkita Lau and Phila Siu The Standard 19.10.2009
Flats price fury to hit the streets

More than 10,000 so-called "homeless snails" are expected to take to the streets on Sunday to express discontent over skyrocketing property prices.

Sir Michael Kadoorie, Chairman, The Hongkong and Shanghai Hotels, Limited and Mr Paul Tchen, General Manager, The Peninsula Shanghai

Encompassing the Best of Our Traditions and the Height of Sophistication in One Extraordinary Hotel SHANGHAI, Oct. 18 /PRNewswire-Asia/ -- A spectacular and iconic new building now graces Shanghai's celebrated Bund -- The Peninsula Shanghai opens today.

Hong Kong flat sets new record price

Tom Mitchell Financial Times 16.10.2009
Thai and dry homebuyers spark call for new rules

Buying overseas properties can be highly risky for investors, the Consumer Council warned yesterday, after a dozen Hong Kong residents complained that a Thai villa they purchased with a completion date in 2005 was still under construction four years later.

Hong Kong flat sets new record price

A Hong Kong property developer has sold a duplex apartment for a world record price, less than three months after the territory technically emerged from recession.

Hong Kong to Assuage Land Woes

Jonathan Cheng The Wall Street Journal 16.10.2009
 
Bloomberg News (Tsang); Associated Press

HONG KONG -- Hong Kong's leader said the government is looking at ways to boost land supply for residential development in this space-strapped city, fearing an emerging property bubble amid a run-up in home values of about 30% this year and record-high luxury prices.

 
 

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