United States Housing Bubble

Director jailed for swindling Wing Hang bank with fake property deeds

A businessman who took part in an elaborate scam in which he used fake property deeds to obtain a mortgage from a bank was jailed for 32 months yesterday.

Friday, 24 August, 2012, 3:03am

Real problem with the housing shortage is that there isn't one

With home prices soaring, the government will put eight sites up for sale over the summer in what [development minister] Carrie Lam calls a 'conscious effort' to increase land supply

SCMP, May 26

29 May 2012 - 12:00am

Home prices tumble for another month on mainland

Home prices on the mainland continued to fall last month, but analysts said it was too early to judge whether the downward correction would be sustained and expected government restrictions on purchases to remain.

19 Dec 2011 - 12:00am

Tinkering with loan controls won't help property market

It seems there has been some confusion recently in Hong Kong's policymaking circles.

Just four weeks ago, Financial Secretary John Tsang Chun-wah was still worried about the dangers of a property market bubble, telling Legislative Council members that prices had not yet fallen to a 'satisfactory level'.

19 Dec 2011 - 12:00am

20pc drop in home prices and weak euro

Investors will continue facing uncertain market conditions in 2012, with the global economy expected to slow down and the European debt crisis to worsen.

'The European Central Bank might again cut interest rates,' said Daniel Chan, chief economist of BWC Capital Markets. 'It might be decreased to zero from the current level of 1 per cent.'

14 Dec 2011 - 12:00am

Game over for property bubble

Last Monday, Financial Secretary John Tsang Chun-wah warned in an address to the Legislative Council that property sales were falling sharply and speculated as to what kind of downturn this anticipated.

28 Nov 2011 - 12:00am

Banks turn screws on loans and mortgages

Hong Kong loan growth will slow next year on the back of tighter bank lending and easing demand brought on by a slowdown in global trade growth and weak property transactions, the city's top bank regulator warned yesterday.

24 Nov 2011 - 12:00am

Two slides to every storey

In case there is still any doubt as to whether Hong Kong property prices are heading down, it can be assuaged by news that property developers have started to pay much higher commissions to agents selling their new properties. In some cases the rate has doubled from 2 per cent to 4 per cent. Hong Kong property developers don't hand out money without reason.

21 Nov 2011 - 12:00am

Home price slide hits half of mainland cities

The residential price correction has spread to nearly half of mainland cities, a downturn that is expected to ease political pressure for more cooling measures.

National Bureau of Statistics data showed the average price of new private housing fell in 34 of the 70 major cities surveyed, compared with only 17 cities in September.

19 Nov 2011 - 12:00am

A major question of to buy or sell

Hong Kong investors who own rental properties are facing a dilemma after being hit by an array of bad news about the financial markets at home and abroad.

5 Sep 2011 - 12:00am

Fears of a mainland housing bubble are wildly inflated

One of the main reasons so many people say the mainland's economy is heading for a hard landing is that they believe the country's housing market is an enormous bubble that's on the point of bursting.

You can understand why they think that. Even according to the most conservative estimates mainland home prices have doubled in the last 10 years or so.

15 Jul 2011 - 12:00am

Manhattan market offers up bargains

With home prices in Hong Kong surging, investors are likely to consider that condominiums in Manhattan are underpriced.

That is certainly the case for businessman Patrick Ho, who has bought three apartments - one on Wall Street, another close to Fifth Avenue and one in Brooklyn - for a total of about US$4 million.

13 Jul 2011 - 12:00am

Wen's efforts to cool property prices aren't working - yet

It is a measure of how rattled China's leadership has been by rising property prices that Premier Wen Jiabao chose to mark the weekend's May Day holiday by visiting a Beijing construction site. He donned a hard hat and promised once again to get a grip on the country's soaring real estate market.

4 May 2011 - 12:00am

Efforts to cool home prices may backfire, mainland warned

The World Bank yesterday warned that the mainland government's tough measures to rein-in runaway home prices could cause a sudden downturn in the market, sending shock waves through the property sector.

29 Apr 2011 - 12:00am

Property bubble builds as we price our boom for gloom

Our property section on Wednesday featured a revealing contrast of optimism and pessimism, one that goes some way to explaining why we are in such a fix on housing costs at the moment.

On page 4, it featured three headlines - (1) Huge demand sustains Bangkok boom, (2) Property mania brewing in Malaysia, and (3) Singapore prices to keep rising.

9 Sep 2010 - 12:00am