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Posts Tagged ‘real estate in hong kong’

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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Positive Signs Of A Hong Kong Real Estate Rebound

by OP-Mall on Thursday, June 4th, 2009 in China Property, Hong Kong Property, Overseas Property Trends

hong-kong-city

Centaline Property Agency Ltd. in Hong Kong reported about a possibility of a home prices rebound as early as this year. According to the agency’s research there has already been an increase in pricing in four of Hong Kong’s biggest mass housing estates where prices for property are below 1.3 million. Right now the prices in these estates are above the levels we saw last year in September which is a healthy sign for a possible market rebound.

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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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