Property investment

Property developers in China take first steps abroad

New York is popular among Chinese buyers. Photo: Bloomberg

Chinese developers are starting to venture overseas, chasing wealthy locals who are buying apartments from New York to Sydney as the government restrains the property market at home.

Wednesday, 12 December, 2012, 4:37am

Expats in Hong Kong say property measures discriminate against them

Chris Lane and his wife Karen are frustrated by new rules.

Disgruntled expatriates living and working in Hong Kong believe they have become collateral victims of government measures aimed at curbing demand for property from mainland buyers.

12 Dec 2012 - 3:23am

Manila on radar for investors

The Makati business area of Manila is thriving. Experts say investment may propel the Philippines office sector to become one of the major markets in the Asia-Pacific in the next few years. Photo: Reuters

With the property market growth hitting double digits this year, Manila has turned out to be one of the surprise packages. For the past few quarters, the Philippines' capital has consistently ranked among the top three among Southeast Asian countries - enough to at last catch the eye of overseas investors.

12 Dec 2012 - 4:14am

Engineering firm and developer join Hong Kong listing rush

Engineering firm and developer join Hong Kong listing rush

A private engineering company and a small property developer plan to raise up to a combined US$350 million in initial public offerings in Hong Kong as early as next week, according to people familiar with the situation.

8 Dec 2012 - 4:15am

Strategies for beating the housing bust

Real estate investment trusts, or reits, are a good start for investors who are not wealthy to gain real estate exposure. But they are negatively affected by a property slowdown. Photo: Sam Tsang

Hong Kong has followed Singapore's lead in trying to curb its residential property market by diktat. It has imposed its first restrictions targeted at non-locals, charging non-permanent residents a special stamp duty of 15 per cent.

10 Dec 2012 - 6:07am

The Week Explained: Low interest rates

Time to yield to temptation? Let's shoot down that argument. Photo: Corbis

We are stuck in a low interest rate environment likely to remain at this level for some time, not least because governments are competing aggressively to keep rates down to avoid an appreciation in the value of their currencies.

10 Dec 2012 - 2:28am

The Week Explained: Space for car park investment

Bays of plenty: a good place to park your money. Photo: Bloomberg

There's a general rule of thumb for property investment which goes something like: "When hot property is in the news, the wise investor allows the newsmen to get on with it while they keep well away." This is all well and good but hot property news is a frequent event in Hong Kong and waiting for markets to cool can take a very long time indeed.

3 Dec 2012 - 4:26am

Asian funds buy into London for impressive returns

Asian investors are cleaning up available office property in the City where development is slower than the demand. Photo: Bloomberg

Asian investors are the biggest buyers of office property in the City of London this year, wagering that the financial district's volatile market has changed since it routed Japanese buyers in the 1990s.

29 Nov 2012 - 3:46am

London's star shines bright

Living room at Fitzroy Place. The development is well ahead of sales projections.

Measures intended to cool the British luxury market have failed to curb Asian appetites for prime London property. Flats upwards of £1 million (HK$12.4 million) almost walked out the door at a release this month in Central, far exceeding the developer's expectations. One penthouse sold for £7.5 million, a new high for Fitzroy Place in Fitzrovia.

28 Nov 2012 - 3:13am

Stories of HK$1m parking slots mean it's finally time to worry

Top view

Whenever anyone says that the Hong Kong property market is wildly overvalued and that the bubble is in imminent danger of bursting, I'm always reminded of Tony Dye.

Dye was a fund manager, famed, and later infamous, for his rigorously analytical investment style.

21 Nov 2012 - 2:35am 1 comment

Sino Land and South China seek HK$7b for Central office block

Sino Land and South China's The Centrium is almost fully let.

Sino Land and South China Holdings are trying to sell a 33-storey office building in Central for HK$7 billion rather than by individual floors, to command a higher price for the property.

In December, the companies put on sale 11 upper-level office floors in their jointly owned The Centrium in Soho but found no takers. The average asking price was HK$19,500 per sqft.

9 Nov 2012 - 3:59am

New stamp duties fail to deter 16 bids in two residential land block tenders

New stamp duties fail to deter 16 bids in two residential land block tenders

Developers do not appear to have been put off from buying land by the latest measures aimed at cooling the property market.

3 Nov 2012 - 4:52am

Taxing foreign buyers failed in Singapore. It will fail in Hong Kong too

The government's punitive tax on non-resident buyers will do nothing to make the market more affordable for locals in the near term. Photo: AFP

Yesterday, this column argued that the Hong Kong government's punitive tax on non-residents who buy apartments in the city will do nothing to make the property market more affordable for locals.

Judging from the messages that cascaded into my e-mail inbox, the majority of readers disagree - vehemently.

31 Oct 2012 - 7:17am 17 comments

Prices of industrial and retail space soar

Industrial properties in Wong Chuk Hang. Photo: Jonathan Wong

Investors turned to aggressively buying Hong Kong industrial and retail properties as a hedge against inflation and cash depreciation after the launch of a third round of liquidity-boosting measures by the US Federal Reserve.

24 Oct 2012 - 2:56am