Supply and Demand

Demand for office space in Hong Kong outstripping supply

Surging rents are forcing firms out of the city's most expensive towers as competition for prime space heats up. Photo: Bloomberg

Hong Kong is likely to face a shortage of around 4 million to more than 8 million square feet of office space by 2020, a global property consultancy has warned.

Wednesday, 13 March, 2013, 5:07am

House prices in England and Wales rise for first time in nine months

Homes for sale in southwest London, where demand is now outpacing supply. Photo: Bloomberg

Prices in England and Wales advanced 0.1 per cent from the previous month, the property researcher said. The number of new buyers registering with agents rose 14.3 per cent on the month, outpacing an 8.7 per cent increase in supply. From a year earlier, values were down 0.1 per cent.

6 Mar 2013 - 4:40am

Sale of hotel rooms shows the limits of government intervention

Property agents and buyers gather at the sales office of Apex Horizon hotel in Hung Hom as Cheung Kong Holdings sells more unit of the hotel. Photo: David Wong

It comes down to supply and demand. The hefty 15 per cent stamp duty imposed on non-local buyers, which was put in place last year to curb speculation, has discouraged a number of buyers. But no government can outlaw intentions.

7 May 2015 - 12:48pm

'Rigid' demand for homes is more of a marketing myth than reality

The height of Shanghai's towers may keep climbing forever, but not so home prices. Photo: Bloomberg

While the human need for accommodation tends to be rigid, the need to buy a home is not. It is comparatively flexible, or "elastic" to use economics terminology.

20 Feb 2013 - 4:40am

MATTER of opinion

Opinions are divided on the outlook for the luxury property sector in Hong Kong.

Some experts believe that Chief Executive Donald Tsang Yam-kuen's annual policy address will indirectly benefit the luxury market, but others caution that external factors, such as the European debt crisis and the weak United States economy, could jolt the sector.

28 Oct 2011 - 12:00am

Will Tsang's term end with a bang or whimper?

We will know from Chief Executive Donald Tsang Yam-kuen's policy address next month whether he has officially decided to become a lame duck and play for time, or if he is going to boldly address some key problem areas in the final two years of his term.

The first big test will be how he deals with the property market, where prices at the luxury end have been soaring.

7 Sep 2010 - 12:00am

Rising profits

Local property developers are among some of the richest people in the world. The secret of their success is that they are the only developers who know a way to inflate the saleable floor space of an apartment, sometimes by 30 per cent or more, to maximise profits.

4 Sep 2010 - 12:00am

Mainland guarantees minimum pig supply

Mainland authorities guaranteed yesterday to supply Hong Kong with at least 4,000 live pigs a day - enough to meet demand.

But an academic warned there was little the government could do to stop price manipulation at auctions.

18 Jan 2008 - 12:00am

61,000 new flats to hit the market

About 61,000 new flats will be available for sale in the coming years, according to the latest government figures, pointing to a steady supply on the market.

22 Jul 2006 - 12:00am

60,000 new flats to hit the market

Just over 60,000 new flats will be available for sale in the coming years, according to the latest government figures, pointing to a steady supply in the market.

22 Jul 2006 - 12:00am

Speculators drive up Monaco prices

A shortage of supply in the principality has encouraged investors to trade heavily in the few new homes coming on the market

Speculative activity is pushing up prices for scarce des res homes in Monaco.

15 Feb 2006 - 12:00am

Government's housing figures supply further space for laughter

YOU MAY RECALL seeing the headline on the lead story of our front page on Saturday - 'Flats data demolishes housing supply fears'.

24 Nov 2004 - 12:00am

Democrats want property to walk the plank

'The government should monitor and take measures to regulate the prices of private properties so as to eliminate their chaotic fluctuation, which is the result of controlled supply of and speculation on (sic) private properties.'

Democratic Party Manifesto

15 Jun 2004 - 12:00am

A dose of rationality good for the property market

Property speculators are beginning to take losses, with the volume of transactions down to perhaps its lowest level in a year. Whether these are signs that Hong Kong's mini-boom in property has come to an end or whether the bulls are simply taking a breather will become apparent in the coming months.

14 May 2004 - 12:00am

Outlook rosy for Shanghai

Analysts say it will soon be 'harvest time' as the demand for housing surges

The Shanghai housing market is expected to remain robust during the next six to 12 months as the demand for homes surges and construction work on building projects slows down, says JP Morgan.

27 Aug 2003 - 12:00am