Property Price

Auckland's market mystery

Auckland has become a hot spot for mainland investors. Photo: Thinkstock

Reports of Chinese buyers snapping up large numbers of Auckland properties have been greatly exaggerated, according to a leading economist. Auckland is clearly the target for Chinese buyers. Recent sales data shows that 19 per cent of overseas buyers of property in the north island's largest city are from China, adding more fuel to an already hot market.

Wednesday, 5 June, 2013, 5:04am

Swiss housing market moved closer to bubble territory in first quarter: UBS

Demand for housing is strong in Switzerland. Photo: SCMP

Risks to Switzerland's housing market increased further in the first three months of the year, raising the question as to whether authorities have taken sufficient steps to prevent the bursting of a bubble.

8 May 2013 - 2:33am

Property investors switch focus from East Asia to the West

Piers Brunner of Colliers International says investors are looking for attractive opportunities outside Hong Kong. Photo: Edward Wong

The exodus of investors from Hong Kong's property market - sparked by the government's measures in February to curb speculation - is continuing, with buyers now seeking alternatives in the West.

1 May 2013 - 3:44am

Population size is only one factor in influencing property prices

The notion that fewer people leads to lower property prices is not always destiny. Photo: Xinhua

During a recent discussion with business school students at Tsinghua University the question arose as to whether real estate prices would fall if populations began declining. This is certainly likely, yet it is still just one possibility, and the notion that fewer people leads to lower property prices is not always destiny.

1 May 2013 - 3:44am 1 comment

Banco Santander's 'retraction' gives hope to market

Alfredo Saenz, Chief Executive Officer of Spanish bank Banco Santander. Photo: AFP

Banco Santander's decision to "retract" as much as €1 billion (HK$10.1 billion) of provisions to cover property price declines may show Spain's real estate market is close to its lowest point, Chief Executive Officer Alfredo Saenz said.

1 May 2013 - 3:44am

Philippines weighs up property cooling measures

Rising property prices in the Philippines have spurred developers to build more homes. Photo: AFP

The Philippine central bank is reviewing property loans data to determine whether cooling measures are needed to avert a bubble, Deputy Governor Nestor Espenilla said.

1 May 2013 - 3:44am

Highs and lows across the region

Despite its large economy, South Korea's property market lags behind others in the Asia-Pacific region. Photo: Getty Images

So much has happened in the "post-Lehman" years. Among the good news for Asia-Pacific is that regional property markets have recorded the highest growth globally since 2008, with Hong Kong leading the pack with 82.6 per cent growth, followed by India with 61.7 per cent, Taiwan with 56.1 per cent, and the mainland (based on Beijing and Shanghai) with 49.2 per cent, according to Knight Frank.

1 May 2013 - 3:44am

Property prices may fall 20pc after curbs, agent Savills says

Opus Hong Kong at 53 Stubbs Road, The Peak, by Swire Properties. Photo: Nora Tam

The prediction follows in the wake of a sharp drop in sales of commercial and residential properties since the government raised stamp duties payable on all commercial and non-residential properties sales effective from February 22.

24 Apr 2013 - 5:20am

'Modest default risk' in property price slump

The ability of home-buyers to repay would be stable even if property prices dropped, given the low interest rates. Photo: AFP

The recent spate of rises in mortgage lending rates would improve banks' profit margins but they also reflected higher risks for the home-loan business, said Fitch's head of Hong Kong financial institutions Sabine Bauer. But the ability of homebuyers to repay would be stable even if property prices dropped, given the low interest rates.

22 Mar 2013 - 4:19am

Hong Kong luxury prices stagnate as new taxes bite

Luxury houses on Victoria Peak. Photo: AP

Luxury residential prices in Hong Kong stagnated in the final quarter of last year, following a sharp rise in the first three quarters that was dented by measures from the government to cool home prices.

6 Mar 2013 - 4:40am

Roads paved with gold for property investors in Qianhai

Yi Yun Ban Shan project in Qianhai

People who bought flats in estates a stone's throw from the Qianhai experimental zone quickly came to regret their decision. They kept doors and windows firmly sealed to shut out the dust and incessant noise from container trucks traversing the nearby highway.

4 Mar 2013 - 5:42am 1 comment

Briefs, March 3, 2013

Jiang Weixin 'begs' reporters to spare him. Photo: SCMP

China is looking to increase its share of the global commercial satellite launching business, targeting a 15 per cent share by 2020, a leading space programme official said yesterday.

3 Mar 2013 - 5:35am

Recession, high property prices not signs of market failure

Financial Secretary John Tsang Chun-wah attends a news conference after delivering his budget speech. Photo: David Wong

Live and learn. When I was in school, I learned in physics that there can only be one pivot in any pivotal operation, and I learned in economics that the pivot of market operations is price.

28 Feb 2013 - 5:02am 6 comments

How to make two problems worse with just one policy

No threat

Anyone who has followed the headlines in Hong Kong over the last few weeks will know two things: one, homes in the city are blisteringly expensive; and two, the Hong Kong government has money coming out of its ears.

27 Feb 2013 - 9:36am 6 comments

Stocks dive on fear of further tightening

Stocks dive on fear of further tightening

Mainland stocks posted their biggest single-day loss in nearly 15 months yesterday as skittish investors were battered by worries of further government tightening measures in the property sector.

The sharp fall damped bullish investors' hopes for a strong rally this year despite optimistic forecasts for economic and corporate fundamentals.

22 Feb 2013 - 5:13am