Economic History of the United States | South China Morning Post
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  • Jan 31, 2015
  • Updated: 8:15am

Economic History of the United States

HK's sky-high property prices the reward for fiscal prudence

Hong Kong government officials are still warning about the dangers of a property market bubble. Speaking before the Legislative Council this week, Financial Secretary John Tsang Chun-wah insisted 'the risk of the property bubble remains'.

Thursday, 12 July, 2012, 12:00am

Mainland bank lending down sharply in April

Mainland bank lending tumbled last month, reflecting weakening investment sentiment, partly reflecting slowing demand.

But the jury is still out on when the government may ease monetary policy to help the world's second biggest economy.

3 May 2012 - 12:00am

Risk of a housing bubble? It's already with us

'On my radar screen another risk has emerged. That's the risk we encountered back in 2009: the renewed risk of a housing price bubble. The city's low mortgage rates are hugely negative. Lots of people have come to the conclusion that they buy bricks and mortar, tangible assets, and could preserve their purchasing power.'

27 Mar 2012 - 12:00am

Developers to beat tough times

Mainland developers are in for hard times this year, but a loan default by a cash-strapped homebuilder is unlikely despite tough operating conditions and a tight credit market, say analysts.

19 Mar 2012 - 12:00am

Price and rate cuts lift sales of homes

Property sales on the mainland climbed significantly this month amid a lowering of mortgage rates at banks and steep price cuts by developers at new projects.

14 Mar 2012 - 12:00am


The US Federal Reserve expects to keep interest rates near historic lows until late 2014. With the currency peg, Hong Kong's low interest rates will likely persist into 2014 or even beyond.

2 Mar 2012 - 12:00am

More cities feel the impact of austerity moves

The latest figures on the mainland's property sector suggest that government austerity measures are having an increasing impact, with only two out of 70 cities recording price gains for newly built homes in December, the weakest performance of any month last year.

19 Jan 2012 - 12:00am


Mortgage consulting company mReferral expects the total value of mortgages from banks for this year will be about HK$228 billion, lower than the HK$324 billion for 2010, as a result of the quieter market in the second half.

9 Dec 2011 - 12:00am

Investors wait for rebound

Financial instability in many of the world's leading economies, rising mortgage rates and volatile stock markets have spooked Hong Kong property investors, who have adopted a wait-and-see attitude.

While opinions of analysts vary, most predict the price of Hong Kong residential property will fall by 5-10 per cent over the coming months.

28 Nov 2011 - 12:00am

Beijing's grip slows development cash

Investment in property development on the mainland is slowing amid Beijing's continued measures to tighten lending and restrict demand.

Developers are increasingly being required to use more of their own funds to finance projects as banks squeezed lending.

10 Sep 2011 - 12:00am

Central bank reports rise in lending to small firms

New figures from the central bank show loans have become more accessible to small firms and subsidised housing developments, but analysts believe credit is much tighter than the figures suggest.

27 Jul 2011 - 12:00am

Rise in home sales continues

Home sales continued rebounding from a near six-year low a fortnight ago, as property market sentiment showed some signs of improving.

20 Jul 2011 - 12:00am

Manhattan market offers up bargains

With home prices in Hong Kong surging, investors are likely to consider that condominiums in Manhattan are underpriced.

That is certainly the case for businessman Patrick Ho, who has bought three apartments - one on Wall Street, another close to Fifth Avenue and one in Brooklyn - for a total of about US$4 million.

13 Jul 2011 - 12:00am


The writing was on the wall that the government would sooner or later introduce further measures to stabilise the property market. Many analysts had warned of 'policy risks' facing the market and intervention was effectively factored into the share price of developers.

24 Jun 2011 - 12:00am

Wen's efforts to cool property prices aren't working - yet

It is a measure of how rattled China's leadership has been by rising property prices that Premier Wen Jiabao chose to mark the weekend's May Day holiday by visiting a Beijing construction site. He donned a hard hat and promised once again to get a grip on the country's soaring real estate market.

4 May 2011 - 12:00am