• Sun
  • Sep 21, 2014
  • Updated: 6:58pm


China property price rise sparks fears of more curbs

Although the pace of growth slowed slightly from May, prices in nine cities, including Beijing, Shanghai, Guangzhou and Shenzhen, saw increases of more than 10 per cent from a year earlier, according to data tracked by the National Bureau of Statistics.

Friday, 19 July, 2013, 4:11am 5 comments

Cheap Detroit homes are costly for communities, unwary buyers

The solid red brick house on a block of similar homes in Northwest Detroit sounds like a steal at US$3,728 (HK$28,906).

But in many ways, it’s a lemon.

4 Jul 2013 - 2:42pm

Bar state-owned developers from commercial housing market

Despite government efforts to cool the property market, land sales in China have surged in the first five months of the year, with record prices set. More worryingly, state-owned enterprises were once again in the thick of the action, despite an order from the State-owned Assets Supervision and Administration Commission (Sasac) to back off.

13 Jun 2013 - 2:18am

Kai Tak sites for 'locals only' flats sell for above estimates

China Overseas & Investment has won the two sites in Kai Tak under the "Hong Kong property for Hong Kong people" scheme for a better-than-expected price. The mainland developer paid HK$4.54 billion, or HK$5,157 per square foot, for the two sites, higher than surveyors' forecasts of up to HK$4.4 billion or HK$5,000 per sq ft.

6 Jun 2013 - 7:31am 6 comments

China tycoon Zhang Xin in deal for New York's GM Building

The deal makes the two million square-foot building – a 50-story tower overlooking New York’s Central Park and featuring Apple’s flagship Fifth Avenue store – the most expensive US office building.

29 Aug 2013 - 4:13am

HK$1.9b price tag on pair of new sites

The site in Sha Tin's Kau To covers 64,046 square feet. It is located atop the Kau To hill and is close to a site owned by Sun Hung Kai Properties. It could yield a total gross floor area of up to 134,496 sq ft. The government has imposed a height restriction in the area.

15 May 2013 - 4:04am

US economic recovery could spell disaster for Hong Kong

Last Friday, the United States released data showing the world's biggest economy grew at a weaker than forecast 2.5 per cent annualised rate over the first three months of this year.

30 Apr 2013 - 4:28am 10 comments

More property buying tips in China

There are many good reasons to buy a new, not second-hand, home in China. Every time I talk to property investment expert Chris Dillon I glean something new. Most of it is common sense, such as if you buy from a developer, you evade to 0.5 per cent to 3 per cent estate agent commission, depending on location and your negotiating skills.

29 Apr 2013 - 1:08pm 1 comment

Draughty London mansion, anyone?

So, London’s reputedly most expensive mansion has been trumped by London’s even more expensive mansion. This comes only a few weeks after reading that Heath Hall, on north London’s Hampstead Heath had its asking price slashed by a thumping £35 million (HK$420 million) from its previous £100 million (HK$1.2 billion) tag.

29 Apr 2013 - 12:56pm

Long-time Lamma residents feel pinch of rising rents

Boxes surround Karen Carmen in her Sha Po village flat on Lamma Island. Faced with a rent increase from HK$18,000 to HK$23,000 a month, she has had to search for a new home. However, when she started scouting around at the property agencies, she was shocked by the prices.

22 Apr 2013 - 6:07am