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  1. Rents for luxury properties take a tumble as banks lay off expats

    Posted Dec 08th 2008, 12:00am by Peggy Sito, Sandy Li

    ... Peggy Sito and Sandy Li After rising steeply for the past two years, rents for prestigious residential properties in Hong Kong are tumbling, with landlords scrambling to grab good tenants as international investment banks lay off expatriates or cut their housing allowances. Property consultants expect rents for luxury accommodation, which were at record levels earlier in the year, to drop ...

  2. Buyers still keen on luxury property

    Posted Sep 05th 2008, 12:00am by Peggy Sito, Sandy Li

    ... Peggy Sito and Sandy Li Demand for luxury properties still exists despite global economic uncertainties and a slowing economy in the city, Kerry Properties says. 'The uncertainties in the global financial market have affected some employees like me, but there is still a group of cash-rich buyers keen to buy quality properties for investment,' said Chu Ip-pui, an executive ...

  3. Global financial crisis to hit luxury property market

    Posted Oct 15th 2008, 12:00am by Kenneth Ko

    ... sentiment for luxury residential properties in Hong Kong, with top-end residences likely to be hardest hit by possible failures of more major financial institutions, analysts say. While the robust ... crisis, property consultants have predicted that luxury residential rents would decline, though at a relatively gradual pace. In the first nine months of this year, luxury rents on Hong Kong ...

  4. Stock market unlikely to rescue luxury property

    Posted May 29th 2008, 12:00am by Jake Van Der Kamp

    ... flats on Hong Kong Island. There are only two occasions I can remember over the period of this chart when there was a boom and bust in the Hang Seng Index but luxury property prices were ... In short I don't think it likely that the stock market will come to the rescue of the luxury property market. The more likely scenario at present is one of the luxury property market ...

  5. Luxury market sentiment improves

    Posted Jun 04th 2008, 12:00am by Yvonne Liu

    ... as well as an Asian price record for a house on the Peak shows that buyer concerns about the outlook for the luxury sector are over, agents say. Sun Hung Kai Properties last week sold a 5,069 ... luxury areas in the first quarter were down 35 per cent on the previous quarter due to poor stock and property market sentiment. Current data shows that while transactions were down 20 per cent ...

  6. Expats drive up luxury leasing market

    Posted Mar 26th 2008, 12:00am by Kenneth Ko

    ... there was a rising trend in the luxury residential leasing market to cater for the specific needs of different tenants. 'In the past, the property hardware and its location were the deciding factors ... The Repulse Bay complex, on the south side of Hong Kong Island, is a popular choice for expatriate professionals looking for top-quality residences. The luxury property includes the De Ricou furnished ...

  7. Luxury house on Peak fetches record price

    Posted Jan 10th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu De Monsa, an Indonesian investment fund, bought a luxury house at the Severn 8 on the Peak for HK$55,491 per square foot, betting it will make a gain despite the price setting a record for a residential property in Asia. The Lands and Companies Registry said De Monsa acquired the three-storey, 4,325 square foot house for HK$240 million in the secondary market last month. ...

  8. Living in a circle of ultimate luxury

    Posted Apr 18th 2008, 12:00am by Elizabeth Horscroft

    ... There's a price to pay for high-end property, but it comes with distinguished location, quality, and unmatched service, writes Elizabeth Horscroft Luxury abounds in Hong Kong. ... a luxury property can also be defined by the quality of the flat itself. As with The Aigburth and Branksome Crest, all the hardware and provisions that come with an apartment must be top quality ...

  9. Decline in luxury housing prices to persist

    Posted Nov 26th 2008, 12:00am by Yvonne Liu

    ... poor market sentiment and uncertainty over the local and global economic outlook, say property watchers. Major luxury housing estates in the Mid-Levels, on the Peak and in Island South recorded ... and the uncertain market outlook. In a bid to draw buyers, owners of luxury properties have continued a round of price discounts that got underway last month. For example, the October asking price ...

  10. Luxury prices up but vacancies still high

    Posted May 21st 2008, 12:00am by Yvonne Liu

    ... at the end of last year were unchanged from 2006 levels. Property analysts said the high level of vacancies was due to developers slowing the release of completed luxury residential units in the hope ... on to empty properties. Luxury flats on Hong Kong Island recorded the highest vacancy rate of 15.7 per cent, according to the Property Review. However, the areas with the largest number of empty ...




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