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Hong Kong commercial property prices soared to record high

Ngaiting Cheung Seer Press News 13.11.2010
Hong Kong commercial property prices soared to record high

Commercial property investment brings the property prices in Hong Kong to a historic high. Recently, a unit in a skyscraper was sold for 338 million Hong Kong dollars ($44 million).

Donald Tsang, Hong Kong's chief executive. Photographer: Toshiyuki Aizawa/Bloomberg

Hong Kong will take legislative and administrative steps against speculative activity in the housing market, Chief Executive Donald Tsang said.

Hong Kong prices surpass ’97 peak

Byron Perry Property Report 05.11.2010
Hong Kong prices surpass ’97 peak

Home prices in Hong Kong have surpassed their 1997 peak according to data released by the Hong Kong Monetary Authority (HKMA), causing further fears of a housing bubble.

Hong Kong luxury real estate prices rise above 1997 peak

The average price for a home of around 100 square metres (1,100 square feet) is now 13.8 per cent higher than in the third quarter of 1997.

Property prices 'regain momentum'

The chief executive of the Hong Kong Monetary Authority, Norman Chan, says property prices have regained momentum since measures were introduced in August to cool the market.

Hong Kong Bubble?: Hong Kong Residential Property Prices August 2010

There has been much speculation recently about an ongoing price bubble occurring in the Hong Kong residential property market.

Property Bubble in Hong Kong? Blame the Fed

Connie Tan & Deepanshu Bagchee CNBC 27.10.2010

Chinachem Plans Luxury Apartment Project in Hong Kong

KATE O'KEEFFE The Wall Street Journal 14.10.2010
Property Bubble in Hong Kong? Blame the Fed

The Hong Kong property market has seen a spectacular rebound since the global financial crisis. Real estate prices in the territory have risen 50 percent since the end of 2008: 30 percent in 2009 and 15 percent this year, compounded.

A Chinachem representative raises his paddle during Tuesday's auction.

HONG KONG—Chinachem Group paid a record price for a prime residential site in Kowloon at a government land auction Tuesday, highlighting the property market's resilience even as the city's leader is poised to unveil measures to cool soaring prices at his annual policy address.

Hong Kong housing survey finds only 20% of would-be buyers are confident of finding a home within 5 years

Results of a survey commissioned by Citibank in Hong Kong and released today found that although more than 40% of respondents felt that acquiring a property was must, 80% believed they would not manage to own their own home within the next 5 years.

New World Development Profit Jumps on Property Sales, Rental in Hong Kong

New World Development Co., the Hong Kong developer controlled by billionaire Cheng Yu-tung, said full-year profit rose more than five times after earnings from investment properties and apartment sales increased.

Hong Kong Property Sales of $1.4 Billion Boost Hang Seng

LAUREN COOPER Daily Finance 05.10.2010
Why The Hong Kong Property Bubble Could Keep Going For A Long, Long Time

Everyone likes to talk about a Hong Kong property 'bubble', given that home prices have increased by more than a third since the depths of the recent financial crisis.

Hong Kong Property Sales of $1.4 Billion Boost Hang Seng

In Asia Monday Hong Kong's Hang Seng Index rose 1.2% to 22,619 and Japan's Nikkei 225 Index inched down 0.2% to 9,381. Markets in China were closed following National Day celebrations.

Cemetery scares off Hong Kong developers

Peter Brieger AFP 03.10.2010
Cemetery scares off Hong Kong developers

Hong Kong axed its first land auction in 16 years last week after property-mad developers were scared off by the site's location - next to a cemetery, considered a bad omen by Chinese buyers.

RICS supports “Subsidizing Home Ownership” in Hong Kong

RICS supports “Subsidizing Home Ownership” and will submit international research to assist the Government in formulating long-term housing policies.

Quality Property and Facility Management Award 2010 Nomination Now Open!

SOURCE QPFMA 2010 Secretariat Office 15.09.2010

Hong Kong Stocks Climb as Banks, Property Developers Advance

Lynn Thomasson Bloomberg News 10.09.2010
Quality Property and Facility Management Award 2010 Nomination Now Open!

QPFMA 2010 marks the inauguration of the Award jointly organised by The Hong Kong Institute of Surveyors (HKIS) and The Hong Kong Association of Property Management Companies (HKAPMC). It aims to stimulate greater public recognition for the industry and also champion those that gratify integrity and are willing to contribute as reliable role models that triumphs success and continuous advancement.

Hong Kong Stocks Climb as Banks, Property Developers Advance

Sept. 9 (Bloomberg) -- Hong Kong stocks rose, paring yesterday’s biggest decline in a month, after Morgan Stanley said China’s largest lenders will advance and Credit Suisse Group AG recommended buying Agricultural Bank of China Ltd.

Hong Kong’s big developers hoarding land

Byron Perry Property Report 08.09.2010
Hong Kong’s big developers hoarding land

The prevailing notion regarding the cause of Hong Kong’s stratospheric property prices is simple: Prices are high because land is in short supply.

Malaysia’s Richest Boosts Hong Kong Property

Everything the Hong Kong government does to tamp down the city’s soaring real estate prices seems to be ignored by the property tycoons.

Hong Kong Land Sale Beats Estimates as Demand Withstands Cooling Efforts

Kelvin Wong and Sophie Leung Bloomberg 01.09.2010
 
The Ede Road site has a total buildable area of 77,469 square feet (7,197 square meters), compared with the 394,000 square feet of the Ho Man Tin site purchased by Cheung Kong earlier this month and 869,000 square feet of the one bought by Sun Hung Kai in June.Photographer: Jerome Favre/Bloomberg

Hong Kong’s government sold a residential site for HK$1.29 billion ($165 million) at auction today, beating estimates and signaling the luxury property market is withstanding measures to make homes more affordable.

 
 

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