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
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
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
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
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
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
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 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
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
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 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
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
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
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