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Posts Tagged ‘Hong Kong’s Property market’

Hong Kong Moves To Stop Bubble Trouble

by OP-Mall on Saturday, December 12th, 2009 in Hong Kong Property, South-East-Asia Property

Hong Kong Skyline from Victoria Peak

The Hong Kong Monetary Authority, the city’s central bank, last month imposed tighter mortgage restrictions, which Hong Kong Chief Executive Donald Tsang said were to stave off a big property bubble following soaring prices this last year. He told attendees at a business lunch: “We do not want to see a huge property bubble developing in Hong Kong,” having earlier said that he wasn’t sure whether a bubble was forming or not.

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The $56.6 Million Apartment In Hong Kong

by OP-Mall on Sunday, October 25th, 2009 in Hong Kong Property, Luxury Property

Most-Expensive-Apartment-Hong-Kong-Conduit-Road-39

When I was a kid, if you saw “Made in Hong Kong” stamped on the underside of anything, that pretty much assured it was cheap and badly made. You certainly could not apply that to the Conduit Road 39 building in Hong Kong, where a 6,158 square foot duplex apartment has just sold for US$56.5 million. That’s a lot of square feet, but that’s also a lot of money – and the developer Henderson Land thinks it’s a record not just for the city but for anywhere in the world.

The apartment was bought by a company whose money comes from mainland China, according to the developer, but more than that they either don’t know or won’t say.

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Does Hong Kong’s Property Demise Spell An Opportunity for Cash Investors?

by OP-Mall on Friday, November 14th, 2008 in Hong Kong Property

flats-apartments-in-hong-kong
Hong Kong, a city of apartments

The global financial crisis is rapidly expanding into Hong Kong now. Window displays at some real estate agencies in the city advertise heavily reduced properties, last minute reductions and even cash incentives to prospective buyers.

Poon, a property agent for Midland Realty in Hong Kong said “Before September our branch was making two to three million Hong Kong dollars (256,000 to 385,000 US dollars) every month, but now it’s only around 50,000, a 98 percent drop in revenue”.

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