Real Estate Pricing

Buying frenzy buoys sector

The struggling United States property market is being buoyed by a tide of investment from China. Reports abound of wealthy buyers from Hong Kong and the mainland snapping up distressed real estate and premium apartments.

Wednesday, 22 August, 2012, 2:22am

Home prices rise across mainland in July

Beijing's relaxation of monetary policy and its encouragement of flat purchases by first-time buyers lifted average property prices across 100 major mainland cities for a second month.

29 Aug 2012 - 2:43pm

Curbs warning as Home prices head for rebound

If recent land auctions across the mainland are anything to go by, the retreat in home prices this year could be due to turn, but some analysts warn that a full recovery might trigger new curbs on property demand and price growth.

Buoyant bidding from some cashed-up developers is lifting land prices in major cities and has spurred talk of a turnaround in sentiment.

25 Jul 2012 - 12:00am

Property gloom spreads on mainland

A record number of mainland cities saw a drop in new-home prices last month as Beijing continued to curb speculation in the property market.

Forty-six out of 70 monitored cities posted a year-on-year decline in prices in April amid the tightening measures.

19 May 2012 - 12:00am

Small and mid-sized rents to increase

Rents for small- and medium-sized homes are expected to rise further in the second quarter after climbing 0.8 per cent in the first quarter, says realtor Ricacorp Properties.

25 Apr 2012 - 12:00am

Buyers' demand for Park Summit buoys market

The housing market received a boost yesterday after Sino Land sold 200 flats at its Park Summit development in Tai Kok Tsui in only 21/2 hours on the first day of sales, while the prices for secondary homes have risen more than 5 per cent over the past two months.

21 Apr 2012 - 12:00am

Election, prices depress sales

Home sales at major estates in the city dropped to a six-week low last week, with buyers sidelined by rising prices and uncertainty about the outlook for the market under a new administration.

A property consultant forecast luxury home prices will fall by 13 per cent in the next 12 months.

28 Mar 2012 - 12:00am

Beijing pushes on for price fall

Premier Wen Jiabao yesterday reaffirmed the central government's determination to continue implementing measures to push home prices back to a reasonable level.

6 Mar 2012 - 12:00am

US market regains its lustre

Forecasters are wary of calling the bottom of property cycles, for obvious reasons. But what's happening in the United States has many hoping for the best.

15 Feb 2012 - 12:00am

Sale a success, demand still flat

Strong demand for flats in The Coronation in West Kowloon is due, property analysts say, to keen pricing and its proximity to the express railway to Guangzhou now under construction rather than a sea-change in buyer sentiment.

11 Jan 2012 - 12:00am

Sales of new homes surge as developers cut prices

Sales of new homes surged to 390 at the weekend, from 75 the previous weekend, as developers rushed to sell. Some flats sold for less than comparable second-hand homes.

30 Nov 2011 - 12:00am

Home price slide hits half of mainland cities

The residential price correction has spread to nearly half of mainland cities, a downturn that is expected to ease political pressure for more cooling measures.

National Bureau of Statistics data showed the average price of new private housing fell in 34 of the 70 major cities surveyed, compared with only 17 cities in September.

19 Nov 2011 - 12:00am

Party's over as developers forced to slash flat prices

Property developers seemed until recently to be blessed with the Midas touch, routinely turning bricks and mortar into gold.

But the fat profits that could be counted on even before a new residential project was completed are now under threat as demand for new homes dries up and prices are cut to entice buyers back into the market.

7 Nov 2011 - 12:00am

Mainland home prices about to start falling

Rising inventory relative to demand and new curbs on lending will force developers to cut home prices on the mainland from the third quarter, according to a report by international property consultant Knight Frank.

29 Jun 2011 - 12:00am

More public housing the key to affordable property

We don't really need an international survey to tell us that Hong Kong's property prices are among the highest in the world. But one recent study, which has been called the 'gold standard' for assessing housing affordability, says the city's homes are 'severely unaffordable'.

2 Feb 2011 - 12:00am