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
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
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.25 Feb 2013 - 2:52am
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
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
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
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 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
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
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