Real Estate

Bloomberg Hong Kong’s government is set to sell its first batch of cheap homes under a new programme to help people get on the property ladder in the world’s least affordable housing market. The “starter homes” in Kowloon, across the harbour from Hong Kong Island, will be priced at about 38 percent below market levels — or around HK$13,000 ($1,662) ...

Bloomberg An eastern Chinese city announced rule changes making it easier for people to sell homes, a move local media has called the first easing of such housing curbs nationwide in more than two years. Heze, a city of about 9 million, in 2017 began requiring individuals to own their homes for at least two years before putting them on ...

Bloomberg Brokers have been quick to blame the uncertainty around Brexit for downturn in London property values, but beneath the surface there’s a number of factors suggesting declines may be inevitable no matter what the outcome. Home price growth in the city has turned negative, according to a Bloomberg analysis of Land Registry data, months after analysts expected them to ...

Bloomberg China’s home-price gains slowed in November in a further sign the nation’s property market is cooling. New-home prices rose an average 0.98 percent from October when they increased 1.02 percent in the 70 cities tracked by the government, according to Bloomberg calculations based on data released by the National Bureau of Statistics. November’s result snapped five straight months of ...

Bloomberg The Brexit battering of the UK housing market has no end in sight. An index of prices by the Royal Institution of Chartered Surveyors slipped in November to the weakest level since 2012, while the outlook for pricing and sales for the next three month slumped. The persistent uncertainty around Britain’s impending exit from the European Union was the ...

Bloomberg Australia’s tumbling property prices could shave up to 1.2 percentage points from economic growth in 2019 as the decline hits housing construction and consumer spending, according to AMP Capital Investors Ltd. Sydney and Melbourne prices will drop a further 10 percent next year, taking their peak-to-trough fall to 20 percent as a “perfect storm” smacks housing, AMP Chief Economist ...

DUBAI / WAM The Dubai Land Department (DLD), organised the LPS Shanghai, at the Shanghai Convention Centre, China. The DLD was accompanied by a delegation of senior real estate developers in Dubai as strategic partners of the show. The Dubai pavilion was inaugurated at the LPS Shanghai in presence of Rashid Matar Al Siri Al Qemzi, UAE Consul-General in Shanghai; ...

Bloomberg Could nano flats — billed as one way of solving Hong Kong’s chronic housing shortage — be on the way out as quickly as they grabbed the public’s attention? Two years ago, when the developer of a residential project in the New Territories unveiled units smaller than a parking space, an executive was quoted as saying: “Even the emperor ...

Dubai / Emirates Business Dubai Land Department (DLD) and Awards International announced the launch of the third edition of the Gulf Real Estate Awards (GREA) 2019 following the success of the two previous editions. The announcement was made during a press conference that was held at DLD’s head office, where all regional real estate companies were invited to participate in ...

Bloomberg Hong Kong’s Central area has taken the prize for the world’s most expensive premium office rents for a fourth year running, according to global real estate consultant JLL. Occupancy costs — including rent, taxes and service charges — are 60 percent higher than New York’s Midtown and almost 75 percent more costly than London’s West End, JLL’s Premium Office ...