Insights
Tag: market trends
Asia record-breaking sale in 39 Conduit Road at HK$93,000 per sqft.
6 April 2015 - A unit at 39 Conduit Road was recently sold for a whopping price of HK$433 million, with the price per sqft. amounting to HK$93,000. This supersedes the HK$82,000 price per sq.ft. record set by Swire Properties’ Opus Hong Kong and throughout Asia in 2012. Developed by Henderson Land Development, the luxurious unit is a 45th-floor, 4
Western District rentals narrow gap on Wan Chai, with double-digit increase in Q1
25 March 2015 - Homeseekers used to compromise on accessibility for cheaper rent when looking for properties in the Western District. Yet the district’s rental price has recorded a significant double-digit increase since the opening of the West Island Line three months ago.According to On.cc, the average rent per square foot for The Merton and Que
The Big Apple's Next Big Thing: New York High-rise trend picks up steam
March 19, 2015 - Marked by the USD100M sale of a 75th floor duplex penthouse last December, an emerging trend of luxurious condo skyscrapers is hitting Midtown Manhattan, New York City, officially turning the borough into one of the most prestigious neighborhoods in the world.Brewing over the last decade, this trend gathered steam when Zeckendorf
Property listed for 8 months sold in 8 days after professional photos taken
15 March, 2015 - With the growing trend of online property search, the quality of property photos is crucial in attracting leads for agents. A house in Orlando, USA, sat on the market for nearly 8 months before finally sold in just 8 days thanks to the newly-appointed agent’s professional photo-shooting skills.He uploaded the re-taken photographs
‘Hot’ listing – An entire “Wild West” town in California for sale at HKD$7M
12 March 2015 - The price for a normal ‘shoebox’ apartment in Hong Kong could always buy something unimaginable on the other side of the world, and now it can buy an entire Wild West town in California, USA.Located in Valley Center of San Diego, the town was formerly a private film set for movies and advertisements. Listed at USD$900,000 (approxim
Cheung Kong sells 100 new units in 1.5 Hours with counter mortgage offer
9 March 2015 - Since the adoption of the new mortgage-tightening measures, the first round of new developments were released to market yesterday. Cheung Kong, the biggest property developer in Hong Kong, sold 108 units of its new development, La Lumiere, in just 90 minutes.Offering an exceptional 90% mortgage to first-time buyers, these small-size
New mortgage-tightening measures to suppress overheated small-sized residential market
28 February 2015 - A deal-breaker to many potential homebuyers, the Hong Kong Monetary Authority (HKMA) announced a new round of measures yesterday to further tighten property mortgage loans. With immediate effect, the maximum loan-to-value (LTV) ratio has been lowered from 70% to 60% for self-use residential properties priced below HKD7M. In othe
Jacinto Tong: Multiple mortgage will trigger property bubble in 3 months
13 February 2015 - With a proven track record of accurate predictions, Jacinto Tong, CEO of the Gale Well Group, recently blogged about a potential property bubble burst in Hong Kong. His claim that the ‘bubble will burst within 3 months for lower budget properties’, has sparked a heated debate around the city.In the post, Tong points out that pro
Hong Kong’s Home prices rose for the 10th straight month despite cooling measures
10 February 2015 - Hong Kong’s property prices continued to hit historic highs in spite of the government’s efforts to curb speculative activities. The latest Centa-City Leading Index (CCL) marked another record at 136.35, showing a steady increase for the 10th consecutive month.South China Morning Post reported that the government will receive HK
Interest rates unlikely to be increased before mid-2015
2 February 2015 - Latest US economic statistics are below expectations and show a slowed pace of recovery. The Federal Reserve expressed reluctance in increasing interest rates before June this year. Mr. Norman Chan, Chief Executive of HKMA, was questioned this morning in the Legislative Council about his views on the Fed’s newest announcement and
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