A sharp rise in interest rates will dampen demand for residential property in Canada, according to analysts. Photo: Bloomberg

Canada’s home prices poised to decline in 2023 as mortgage rates climb

Home prices in Canada – a destination favoured by Hongkongers – are likely to decline this year as Ottawa implements a two-year ban on most foreigners buying homes. The proscription won’t have an impact, say analysts.

8 Jan 2023 - 10:10AM

Is the air coming out of Singapore’s private housing sector?

The lower transaction volume followed a dimmer economic outlook amid interest rate hikes and inflationary pressures, as well as new property cooling measures that may have impacted homebuyers’ decision-making.

The lower transaction volume followed a dimmer economic outlook amid interest rate hikes and inflationary pressures, as well as new property cooling measures that may have impacted homebuyers’ decision-making.

5 Jan 2023 - 12:47PM

High interest rates may keep the bull from 2023 global home markets

China’s health authorities have begun to unwind some of the anti-Covid restrictions, giving greater leeway to businesses, households and companies to help bolster economic activity.

China’s health authorities have begun to unwind some of the anti-Covid restrictions, giving greater leeway to businesses, households and companies to help bolster economic activity.

9 Dec 2022 - 10:07AM

Brookfield keen to snap up bargains in China’s distressed property market

Brookfield Asset Management is on prowl to acquire premium commercial property from distressed Chinese developers with the aim of increasing its footprint in the world’s second-largest economy.

Brookfield Asset Management is on prowl to acquire premium commercial property from distressed Chinese developers with the aim of increasing its footprint in the world’s second-largest economy.

5 Dec 2022 - 6:30AM

Weaker pound proves a draw for Hongkongers buying UK homes

UK-based developers are ramping up sales launches and marketing promotions in Hong Kong as the weakened pound makes British property more attractive.

UK-based developers are ramping up sales launches and marketing promotions in Hong Kong as the weakened pound makes British property more attractive.

23 Oct 2022 - 10:00AM

MORE STORIES

An estate agent’s sign outside a sold property in Holmfirth on September 29. The fall in the value of the pound has resulted in banks withdrawing mortgage deals, with interest rates expected to rise further. Photo: EPA-EFE

Rising rates, topsy-turvy pound hurt BN(O) migrants’ path to home ownership

Interest rates could top 5.75 per cent in Britain next year, according to analysts, reducing the buying power of house buyers and making it more difficult for some newly arrived Hongkongers to purchase homes.

16 Oct 2022 - 3:06PM

CK Asset leans on tumbling pound to sell new London luxury project

CK Asset launches the first 20 units of its Powerhouse development in Kensington and Chelsea amid Sterling’s recent plunge.

CK Asset launches the first 20 units of its Powerhouse development in Kensington and Chelsea amid Sterling’s recent plunge.

8 Oct 2022 - 7:01PM

Tight supply ensures Australia homes ‘a good investment’ even as rates rise

Major cities such as Sydney, Melbourne and Perth are likely to offer investors the best deals owing to sustained housing demand, potential stamp duty savings and solid fundamentals, say analysts.

Major cities such as Sydney, Melbourne and Perth are likely to offer investors the best deals owing to sustained housing demand, potential stamp duty savings and solid fundamentals, say analysts.

13 Sep 2022 - 3:14PM

PAG pays US$720 million for Japan theme park amid weaker yen

The Japanese yen has weakened against the US dollar, sliding more than 8 per cent over the past three months, making investments cheaper in Japan.

The Japanese yen has weakened against the US dollar, sliding more than 8 per cent over the past three months, making investments cheaper in Japan.

30 Aug 2022 - 5:30PM

The Chinese are snapping up more US homes than other nationalities

Buyers from the mainland, Hong Kong and Taiwan spent US$6.1 billion on property purchases in the 12 months to March 2022, up 27 per cent year on year, the NAR said.

Buyers from the mainland, Hong Kong and Taiwan spent US$6.1 billion on property purchases in the 12 months to March 2022, up 27 per cent year on year, the NAR said.

20 Jul 2022 - 1:25AM

Chinese tycoons line up to buy London’s US$66 million ‘Gucci mansion’

The 14,000 sq ft house served as headquarters of the luxury Italian fashion brand and is where designer Tom Ford entertained figures such as Alexander McQueen and the French billionaire François Pinault.

The 14,000 sq ft house served as headquarters of the luxury Italian fashion brand and is where designer Tom Ford entertained figures such as Alexander McQueen and the French billionaire François Pinault.

13 Jul 2022 - 7:53PM

Paying for property with bitcoin grinds to halt as cryptocurrencies crash

The use of digital coins to pay for real estate globally has all but evaporated after strong growth in recent years, say property analysts, after the cryptocurrency market fell into the doldrums this year.

The use of digital coins to pay for real estate globally has all but evaporated after strong growth in recent years, say property analysts, after the cryptocurrency market fell into the doldrums this year.

28 Jun 2022 - 9:28AM

Hongkongers join Japan property tours to scout for investment opportunities

With Japan reopening its borders to tourists, specialist Hong Kong property agencies are organising tours for investors looking to take advantage of the yen’s decline.

With Japan reopening its borders to tourists, specialist Hong Kong property agencies are organising tours for investors looking to take advantage of the yen’s decline.

27 Jun 2022 - 8:30AM

Chinese woman splashes US$84.2 million in cash on 49-room property in Sardinia

The buyer was identified as Nani Wang, and her name is the same as that of a former board director of JD Health International, the healthcare arm of Chinese e-commerce giant JD.com.

The buyer was identified as Nani Wang, and her name is the same as that of a former board director of JD Health International, the healthcare arm of Chinese e-commerce giant JD.com.

24 Jun 2022 - 6:30PM

Vancouver’s housing crisis not caused by dirty money, inquiry finds

The three-year public inquiry into money laundering in British Columbia was prompted in part by public speculation that Asian criminals were driving up housing prices in Vancouver.

The three-year public inquiry into money laundering in British Columbia was prompted in part by public speculation that Asian criminals were driving up housing prices in Vancouver.

16 Jun 2022 - 12:19PM

China’s Dajia weighs US$1 billion sale of US luxury hotels on travel demand

State-owned Dajia Insurance is tapping advisers for a potential sale of its luxury hotels in the US to take advantage of surging travel demand, people familiar said.

State-owned Dajia Insurance is tapping advisers for a potential sale of its luxury hotels in the US to take advantage of surging travel demand, people familiar said.

3 Jun 2022 - 11:00AM

Singapore developer wins en bloc residential tender with US$199 million bid

Wing Tai Holdings plans to redevelop the 57-year-old Lakeside Apartments into an ‘iconic’ residential development with unobstructed views of Jurong Lake.

Wing Tai Holdings plans to redevelop the 57-year-old Lakeside Apartments into an ‘iconic’ residential development with unobstructed views of Jurong Lake.

26 May 2022 - 7:11PM

Greek property proves a hit with Chinese buyers seeking residency

Inquiries about Greece’s golden visa programme from mainland Chinese and Hong Kong buyers shot up 40 per cent in the first quarter of 2022, according to consultancy Henley & Partners.

Inquiries about Greece’s golden visa programme from mainland Chinese and Hong Kong buyers shot up 40 per cent in the first quarter of 2022, according to consultancy Henley & Partners.

8 May 2022 - 10:30AM

Newmark bets on Hong Kong’s property recovery with new office

The Hong Kong space expands Newmark’s global footprint of 160 offices, with 6,200 employees and US$2.9 billion in revenue last year.

The Hong Kong space expands Newmark’s global footprint of 160 offices, with 6,200 employees and US$2.9 billion in revenue last year.

27 Apr 2022 - 1:00AM

Hongkongers once again find Japanese real estate attractive on weakening yen

Hongkongers are returning to the Japanese property market after a two-year absence, taking advantage of a weakening yen, which is at a 20-year low against the US dollar.

Hongkongers are returning to the Japanese property market after a two-year absence, taking advantage of a weakening yen, which is at a 20-year low against the US dollar.

26 Apr 2022 - 9:30AM