Real Estate

Luxury home rentals fall amid fewer expat hires

Leasing of luxury homes in Hong Kong continues to decline due to fewer hires of expatriate staff in the banking and finance sector.

However, rental demand in the mass market has strengthened, property agents say.

Wednesday, 25 July, 2012, 12:00am

Housing costs lead to fall in quality of life

Hong Kong's homes were less affordable last year than at any time since an annual study began, with the average family having to spend more than 11 times their annual income to get on the housing ladder.

24 Jul 2012 - 12:00am

Tianjin residential site gets record price

Another land sale on the mainland set a record yesterday in Tianjin, where a residential site became the city's most expensive in terms of floor area.

The record price came as the central government reiterated its determination to maintain a tight grip on the property market to damp prices.

21 Jul 2012 - 12:00am

SAFE haven

Research by Knight Frank has found the Singapore government's cooling measures are working. Lending restrictions, additional taxes and protection from 'hot foreign money' have indeed slowed sales figures and lowered prices.

20 Jul 2012 - 12:00am

LAW wins

The political controversy triggered by illegal structures in the homes of senior government officials has once again grabbed public attention on this issue.

The problem with illegal structures is that they are hard to locate. For instance, basements and indoor structures are often hidden from public view.

20 Jul 2012 - 12:00am

Eye on improvement

To The Link Management (The Link), the concept of quality is a continuing process designed to deliver value to tenants, investors and local communities.

17 Jul 2012 - 12:00am

Poor thrown aside in flats crackdown

Hongkongers were relieved when the government cracked down on old buildings jammed with illegally partitioned flats early this year. Two deadly fires last year had roused public concern, and the forced demolition seemed reasonable - except to many of those who were forced to leave their humble homes.

16 Jul 2012 - 12:00am

HK's sky-high property prices the reward for fiscal prudence

Hong Kong government officials are still warning about the dangers of a property market bubble. Speaking before the Legislative Council this week, Financial Secretary John Tsang Chun-wah insisted 'the risk of the property bubble remains'.

12 Jul 2012 - 12:00am

Public Eye

Development minister needs to fall on his sword

11 Jul 2012 - 12:00am

Record price paid for site in Beijing

A prime residential site in Beijing yesterday became the most expensive site in the capital in terms of floor area, three days after Premier Wen Jiabao reaffirmed that cooling measures would continue.

11 Jul 2012 - 12:00am

Wen pledge to keep property market curbs

Premier Wen Jiabao reaffirmed the need for government measures to restrain the mainland's property market yesterday.

He spoke amid expectations that back-to-back interest rate cuts could signal a policy shift.

8 Jul 2012 - 12:00am

Minister identifies official he 'cross-leased' flats with

New development minister Mak Chai-kwong yesterday named the civil servant with whom he 'cross-leased' properties on adjacent floors of the same building, but denied the arrangement was premeditated.

7 Jul 2012 - 12:00am

Sleek tower scales heights

London's skyline will have a new landmark when the Altitude development reaches completion late next year.

5 Jul 2012 - 12:00am

A failure to bring home the bacon

Reviewing his seven-year term as the city's chief executive, Donald Tsang Yam-kuen conceded that housing was a major problem and said even he had found it difficult to buy a property in Hong Kong.

29 Jun 2012 - 12:00am

HK needs to set up an index to guide investors

Hong Kong should build an investment index for commercial properties, similar to those in most other major economies, to provide a benchmark against which to measure the returns on portfolios, according to Nicholas Brooke, chairman of Investment Property Databank Asian advisory board. An index also sent a signal to the world about the way a market conducted itself, he added.

27 Jun 2012 - 12:00am