Property Digest

PUBLISHED : Wednesday, 30 May, 2012, 12:00am
UPDATED : Wednesday, 30 May, 2012, 12:00am


Clear downturn in global home prices, survey finds

Housing markets clearly declined worldwide in the first quarter of the year, the latest Global Property Guide house price survey shows. Prices fell in 24 of the 36 countries for which quarterly data is available, and rose in only 12. In nominal terms, house prices have fallen in only 16 countries this year, while they rose in 20. The guide uses price changes after inflation. Peggy Sito

Emperor to launch Kowloon City project

Emperor International will launch sales of flats at 398 Prince Edward Road West in Kowloon City as early as next week. It would not give the selling price of typical flats, but the asking price for a top-floor flat with roof is about HK$17,000 per square foot. Peggy Sito