Rental property

Council Tax changes in UK may hit Hong Kong property owners

Council Tax will be levied on all empty properties, including vacant rental homes.

Hong Kong owners of British property may find their costs rising following changes to local government charges which came into force last week. The charges, known as Council Tax, will be levied on all empty properties, including vacant rental homes. Occupied abodes will remain taxable in the same way as before.

Wednesday, 17 April, 2013, 5:31am

Q & A with our experts, April 10, 2013

David Chan

Q: I'm renting a three-bedroom flat at City One Shatin. I'm interested in buying a flat in the district. However, the asking price of a similar flat is about HK$7 million, which is beyond my budget of about HK$5.5 million. Are there flats in the district that match my budget? If not, is it a good idea to buy a two-bedroom flat at City One Shatin?

10 Apr 2013 - 5:43am

Expat rental rates to keep on rising in Shanghai

People visit a real estate stand during the 2013 Spring Real Estate exhibition in Shanghai . Photo: Reuters

Rental rates for expatriate housing in Shanghai are expected to increase by as much as 8 per cent this year due to a strong inflow of foreigners and tightened credit and home buying restrictions imposed by the central government, according to property consultancy Knight Frank.

2 Apr 2013 - 7:02am

Germany will draw Hong Kong property investors, IP Global predicts

Tim Murphy, Chief Executive Officer of IP Global Limited. Photo: May Tse

Although the euro-zone financial crisis continues to impact countries across the continent, Germany is comparatively unaffected, says Tim Murphy, IP Global's founder and CEO.

20 Mar 2013 - 5:22am

House price gains signal end of US rental bonanza

Blackstone has spent more than US$3.5 billion to buy 20,000 US homes to use as rentals.

Rents for single-family homes are rising more slowly than property prices as firms such as Blackstone Group flood the market with homes for lease, posing risks to investors betting billions on the burgeoning market.

20 Mar 2013 - 5:22am