Real Estate

Mainlanders use ‘free money’ from Hong Kong banks to earn higher returns at home

When tax bills arrive from the Inland Revenue each year, Hong Kong banks aggressively market loans to customers. Photo: Garrige Ho

Mainland Chinese working in Hong Kong have found a way to use “free money” from local banks to invest in profitable financial products across the border.

Thursday, 27 February, 2014, 12:42am 7 comments

IPO hopeful's business is built on a dead certainty: hundreds of millions of Chinese will die one day

One of the properties run by Fu Shou Yuan, in Shanghai, from where the company has expanded across the mainland. Photo: SCMP

Before Santa Claus visits Hong Kong this Christmas, a mainland firm in the “death care” business aims to go public in the city, offering investors the gift of a rare opportunity to make some quick cash, bankers say.

4 Dec 2013 - 3:59am

Finding new ways to stay afloat

Illustration: Sarene Chan

Some of the top investment bankers in Hong Kong have chosen to leave a high-flying career in the financial industry and return to more traditional businesses, such as real estate and trade, fuelling doubts about the attractiveness of investment banking jobs in the future.

26 Aug 2013 - 6:58am

Chinese buying first homes too early, study warns

A woman walks past a wall bearing an image of Beijing's skyscrapers outside a construction site for a new residential complex in Beijing June 18, 2013. Photo: Reuters

Chinese homeowners buy their first homes too early and the homes are too large, the Academy of Social Sciences has warned in a report.

16 Jul 2013 - 5:52pm

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

The General Motors tower in New York is valued at US$3.4 billion. Photo: Reuters

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

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

Real estate, Thailand, Philippines and high-yield funds are performing well

Gold bars at the Zlatarna Celje in Celje, Slovenia. Gold has slumped almost 30 per cent since its peak in September 2011. Photo: Reuters

If you are looking to invest, you might be wondering what are the top performing funds? We can answer that. Using data from research firm Lipper, we list the best funds available in Hong Kong, ranked by returns net of fees, over the 12 months to February.

22 Apr 2013 - 2:28am

Berggruen and partners betting 1 billion euros on distressed Portuguese assets

Nicolas Berggruen and two Portuguese partners plan to spend as much as €1 billion (HK$10 billion) on real estate in Portugal

German-American billionaire Nicolas Berggruen and two Portuguese partners plan to spend as much as €1 billion (HK$10 billion) on real estate in the country, though they're not expecting to make a quick return.

17 Apr 2013 - 5:31am

U.K. banks told to raise an extra £25b

The Bank of England recommended Wednesday that the nation's lenders increase their capital buffers by 25 billion pounds ($37.9 billion) by the end of the year to ensure they can cover potential losses and keep lending in the event of future crises. Photo: AP

Banks need to set aside more money to cover bigger potential losses on commercial real estate and from the euro area, possible fines for mis-selling and stricter risk models, the Bank of England said following a report by the Financial Services Authority.

28 Mar 2013 - 5:52am

Woman buys US$6.5m Manhattan apartment - for two-year-old daughter

The Manhattan skyline. Photo: Reuters

The Chinese woman told a shocked New York real estate agent that her daughter would be going to Columbia University, New York University or maybe Harvard in the future.  

26 Mar 2013 - 5:05pm 4 comments

Chinese investors eye bankrupt house market in Detroit

An abandoned house in Detroit. Photo: SCMP/ Nandu

Two days after a Chinese real estate agency, whose location was not disclosed, advertised an investors' tour in Detroit, thousands of people have expressed interest, according to a report in the People's Daily. The same agency is advertising a tour to the US east coast in April, which costs 25,000 yuan and will take investors to Washington DC, Boston and New York City.

21 Mar 2013 - 1:35am 3 comments

Space under flyovers could house young people, campaign suggests

(From left) Underneath Flyover Action members Wallace Chang, Mathias Woo and Chan Yuen-han explain their plan. Photo: Nora Tam

Young people struggling with staggering property prices could live in shipping containers stacked beneath flyovers, a campaign has suggested. Pressure group Underneath Flyover Action launched a campaign yesterday to seek community support for the idea.

15 Feb 2013 - 3:50am 6 comments

Real estate services: time to buy?

New high rises under construction in the Wangjing district of Beijing. New stability and waning uncertainties have been steadily boosting transaction volumes in China's real estate market. Photo: EPA

After showing early signs of a pickup last fall, online real estate services firm Soufun is sending even stronger signals that springtime may indeed be coming for companies that make their money from buying and selling activity in the property market.

14 Feb 2013 - 1:54pm

Estate in Cotswolds, UK, offers holiday homes with a difference

One of the two heated pools at the Lower Mill Estate in the Cotswolds, with the indoor spa and eco pool at the back. Photo: SCMP

Owners fear break-ins or burst pipes in winter, and if you don't have a friendly relative or neighbour prepared to check on your home from time to time, you can feel compelled to go and stay even when it's not convenient.

30 Jan 2013 - 4:07am

Analysts predict upbeat year for office space

Central may yield 0.9 million square feet of new office space this year, agents say. Photo: Bloomberg

Limited policy risks and a shortage of supply will ensure sustained investment activity in Hong Kong commercial property, agents say.

23 Jan 2013 - 4:47am