Calculating how many BMWs artistic value buys

Calculating how many BMWs artistic value buys

I confess that I myself don't know what art is. It used to mean pretty pictures and you learned to appreciate them by consuming wine and cheese. I gather it now means anything awarded a government arts grant and it includes the odd obscenity in order to demonstrate free spirit.

Thursday, 30 May, 2013, 2:56am

Wenzhou's once-hot housing market comes crashing down

Residential buildings line a major street in Wenzhou, Zhejiang province. Only two years ago, the city's property market was the hottest on the mainland, but it has fallen on hard times after government cooling measures. Photo: Imaginechina

Stroll down the streets of Wenzhou and it doesn't take long to realise how dead its once red-hot property market has become. In property agencies, brokers take an afternoon nap or watch television in offices that once buzzed with activity.

23 Dec 2012 - 4:03pm

Frenzy over parking slots may be new real estate bubble

Investors looking for new areas to park their cash in Hong Kong are driving up prices for parking spaces. Photo: AP

Money-minded Hongkongers will never let go any opportunity to make some quick money. Stocks and foreign currencies or flats and shops invariably have an appeal to those with some spare cash to invest. The latest most-sought item is apparently a parking space attached to a housing site.

28 Nov 2012 - 5:36am

Hong Kong's car park space speculators face falling profits

The introduction of a buyer's stamp duty, and a special stamp duty in the residential market achieved its aim of driving speculators out of the overheated residential market. But they have turned to speculating on car parking spaces, sending prices soaring as a result.

28 Nov 2012 - 3:13am

Motor bike madness

Photo: Bloomberg

Are there no extremes to which Hong Kong property developers will not go to squeeze the speculative lemon?  In recent weeks we’ve heard of car parking spaces being snapped up in places as untrendy as The Belcher’s in Pokfulam and the New Territories to escape the new Buyer’s Stamp Duty (BSD).

22 Nov 2012 - 10:41am

What's being said on facebook.com/southchinamorningpost

On calls for school textbook publishers to consider their sense of social responsibility instead of going ahead with price hikes:

Jessie Tong - Publishers are businessmen and need to make a profit. Why should they alone have social responsibility to the public? Agree with use of recycled books arranged through schools.

25 Jul 2012 - 12:00am

The crystal ball is always murky for economic pundits

Market pundits get it wrong half the time, so why do investors keep listening?

SCMP headline, February 6

7 Feb 2012 - 12:00am

Government takes aim at speculators

Property speculators are expected to go into hibernation thanks to a determined bid by the government to stabilise the surging property market. Recently, Financial Secretary John Tsang Chun-wah announced a series of measures to cool the market, which many believe is a bubble on the brink of bursting.

26 Nov 2010 - 12:00am

Sandwich class to suffer the brunt of speculation tax

Police raid ICAC, arrest three graft-busters

SCMP headline, Nov 20

Tee-hee-hee, ho-ho, haw-haw-ha-ha-ha

Property speculators slapped with up to 15pc extra stamp duty

SCMP headline, Nov 20

23 Nov 2010 - 12:00am

No quick fix on home prices, John Tsang says

Government efforts to rein in rising property prices will take some time to have an impact, the financial secretary warned yesterday. And he reiterated the administration was ready to take more steps to curb speculation in the property market.

13 Mar 2010 - 12:00am

Property prices to take credit crunch blow, warns CLSA

Hong Kong commercial and residential property prices will tumble up to 30 per cent by the end of next year as the global credit crunch filters through the markets, according to brokerage firm CLSA.

The brokerage said mass residential prices would decline 20 per cent, while the luxury sector would drop 30 per cent.

24 Sep 2008 - 12:00am


Market remains best estimate for price of oil

There are several flaws in Thomas Palley's reasoning in his article ('Speculative dangers', August 19).

29 Aug 2008 - 12:00am

My HK - Stella Yi Lee-na

Stella Yi Lee-na, real estate agent

'I was already an agent in 1997. The market had been surging since 1996 and reached an even higher level in 1997. I didn't join in the speculation game at that time. I felt it was very dangerous with a market like that. I also told clients not to buy flats in a rush in 1997.

1 Jul 2007 - 12:00am


'If they are successful, the culprits get more shares than they are entitled to and can reap extra profit if share prices surge.'

SCMP, March 30

2 Apr 2007 - 12:00am

Consumers feel the bite of moves to cool price surges

Hu Jinquan, Construction executive

Government policies aimed at blunting real estate price surges have done little to bolster the health of the sector, but simply added an additional burden on consumers.

That's the view of Hu Jinquan, a contractor and construction supervisor from the Guangzhou Jianzhu Zhiye Construction Company.

1 May 2006 - 12:00am