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property market

China’s new home prices in May saw sharpest fall in nearly 10 years despite rescue package

by Anas Siddiqui
China’s new home prices in May saw sharpest fall in nearly 10 years despite rescue package

New home prices in China extended a decline in May, falling by the most in nearly 10 years as a massive rescue package has yet to make an impact. Prices …

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Australia’s tighter immigration policy poses risk to luxury home market

by Anas Siddiqui
Australia’s tighter immigration policy poses risk to luxury home market

Li, the owner of a two-bedroom, two-bath home in Sydney, which her parents bought for her when she was a student at the University of New South Wales, could find …

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Hong Kong homes remain most unaffordable in world for 14th year: research

by Anas Siddiqui
Hong Kong homes remain most unaffordable in world for 14th year: research

Hong Kong has retained its dubious distinction as the world’s most unaffordable property market for the 14th straight year, as the average home costs more than the average family earns …

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Hong Kong developers keep discounted flats coming as they pare inventory amid rate hopes

by Anas Siddiqui
Hong Kong developers keep discounted flats coming as they pare inventory amid rate hopes

Hong Kong developers continue to hasten sales of new residential projects at discounts to reduce inventory while growing optimism that interest rates will fall this year buoys buyer sentiment. Two …

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China’s Country Garden looking to sell stake in chip maker CXMT as debt struggle continues

by Anas Siddiqui
China’s Country Garden looking to sell stake in chip maker CXMT as debt struggle continues

Defaulted Chinese developer Country Garden Holdings is looking to dispose of a stake in chip company ChangXin Memory Technologies (CXMT) via its venture capital arm as it struggles to repay …

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Hong Kong home sales fall to earth following end-of-curbs flight, dragged by gravity of high rates, inventory

by Anas Siddiqui
Hong Kong home sales fall to earth following end-of-curbs flight, dragged by gravity of high rates, inventory

In the primary market, transactions popped up significantly as soon as the government removed the property curbs. A total of 4,141 new residential units were sold in March, compared with …

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‘Father of emerging markets’ Mark Mobius turns bullish on China stock as property measures restore confidence

by Anas Siddiqui
‘Father of emerging markets’ Mark Mobius turns bullish on China stock as property measures restore confidence

“China’s stock markets went too low, and people were overly pessimistic. When you invest, you do not want to step in front of a high-speed train coming at you so …

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Hong Kong property: second-hand prices edge up in April as bargains on new units seduce buyers, analysts say

by Anas Siddiqui
Hong Kong property: second-hand prices edge up in April as bargains on new units seduce buyers, analysts say

“The second-hand home market is facing a lot of competition from the first-hand market, so prices have not had much room to grow,” said Kathy Lee, head of research at …

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China property: Shanghai relaxes home buying restrictions, grants subsidies for new flats to revive sector

by Anas Siddiqui
China property: Shanghai relaxes home buying restrictions, grants subsidies for new flats to revive sector

The minimum 5-year mortgage rate has been reduced to 3.5 per cent for first homes from 4.1 per cent, and 3.9 per cent from 4.5 per cent for second homes. …

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China property: ‘underwhelming’ stimulus to fall short of refloating market amid sunken buyer confidence, analysts say

by Anas Siddiqui
China property: ‘underwhelming’ stimulus to fall short of refloating market amid sunken buyer confidence, analysts say

“This is a buyer-led market, where I must offer more benefits to lure buyers,” Xiong lamented. In fact, he worries that the new policies reinforce the idea that the market …

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