property prices

Singapore's scale models

Frayn Yong's fragile pencil-lead sculptures, displayed at this year's Open House! art walk at Marina Bay. Photo:

Singaporean artist Frayn Yong's recent work can fit into a few plastic containers, no bigger than a standard document box. It's not that he's a laggard. It's because his works - painstakingly fashioned out of pencil lead - are small and delicate.

Sunday, 9 June, 2013, 2:35pm

Exorbitant property prices reported in Beijing university district

A salesman is seen through advertisements of apartments for sale at a real estate agency in Beijing. Photo: Reuters

Property prices in Beijing’s secondary market have come under scrutiny once again after a tiny apartment in a university district recently listed a sell price of 3.5 million yuan (HK$4.4 million) - close to the very high levels in Hong Kong.

21 Mar 2013 - 11:29pm 1 comment

Bogus buyers exposed in scam to boost property market in Vancouver

A screen grab from a CTV interview with Amanda (left) and Chris Lee who claimed to be Chinese sisters, bankrolled by their parents, looking to buy an apartment in Vancouver.

The deception was intended to create the impression that Chinese buyers were still queuing up to buy into Vancouver's teetering real estate market, which has long been fuelled by money from China and is now rated as the second least-affordable city in the world, behind Hong Kong, according to the Demographia consultancy.

22 Feb 2013 - 3:34pm

Hong Kong ranked 14th most expensive city in world

How Asian cities ranked

Hong Kong has raced up the cost-of-living league alongside a host of Asian cities to become one of the 15 most expensive cities in the world to live in, according to the Economist Intelligence Unit.

5 Feb 2013 - 10:41am 1 comment

Hong Kong’s Causeway Bay tops shop rent list

Shoppers walk through Causway Bay. Photo: Sam Tsang

Hong Kong’s bustling shopping district of Causeway Bay has knocked New York’s Fifth Avenue off the top of the list of most expensive places to rent retail space in the world, new research shows.

16 Nov 2012 - 3:25pm

No closer to owning a property in Hong Kong

If you can't afford a flat now, the new measures won't change that.

So, you think the government's latest cooling measures will finally make prices affordable enough for you to become a homeowner. Forget it. If you can't afford a flat now, the new measures won't change that. Prices will probably fall some way, but don't hold your breath for a free fall.

5 Nov 2012 - 2:31am 6 comments

Letters to the Editor, October 25, 2012

Loss of panel positions bad for democracy

Under the Basic Law, Hong Kong should be making gradual and orderly progress towards democracy.

25 Oct 2012 - 2:39am 2 comments

Shifting equity market seen lifting Hong Kong Exchange Fund performance

HKMA chief Norman Chan says no hot money so far. Photo: May Tse

Hong Kong's Exchange Fund could have improved its performance in the third quarter due to changes in the equity market, the city's Monetary Authority chief Norman Chan Tak-lam told reporters yesterday at the Treasury Markets Summit in Hong Kong.

13 Oct 2012 - 4:57am

Property prices in Hong Kong continue to set records

Hong Kong home prices are continuing to break records, while rents are rising at a slower pace and even dropping in some sectors. Photo: Bloomberg

Hong Kong home prices are continuing to break records, while rents are rising at a slower pace and even dropping in some sectors, according to latest figures. The difference in the trends of prices and rents might be a sign that demand for homes is decreasing, an analyst said.

10 Oct 2012 - 12:07pm

Scrap pre-sale scheme, New World chief says

New World Development executive director Adrian Cheng (left) and chairman Henry Cheng reveal a rise in underlying profit. Photo: Dickson Lee

New World Development chairman Henry Cheng Kar-shun yesterday suggested the government cancel the pre-sale consent scheme to increase housing supply and cool the property market.

27 Sep 2012 - 3:25am

Beijing commercial site sets record for year

A Beijing commercial site sold for 3.42 billion yuan (HK$4.2 billion), the highest price in the city this year, just days after tenders for 10 commercial and residential sites were suspended.

Beijing-based developer Financial Street Holdings beat two rivals to win the site in Xicheng district yesterday with the second-highest bid of 30,429 yuan per square metre.

25 Sep 2012 - 4:33am