Real Estate

Bloomberg The Hong Kong government has no plan to ease property-cooling measures, including the stamp duty on second homes or for overseas buyers, as many residents still can’t afford to purchase homes in the city, Financial Secretary Paul Chan said in a blog. The government also doesn’t plan to lift the special stamp duty, which levies home owners who sell ...

DUBAI / Emirates Business Dubai Land Department (DLD) will receive a delegation from the US representing government and private institutions, with over 150 real estate agents and 11 investors who are seeking investment opportunities in Dubai. HE Sultan Butti bin Mejren, Director General of DLD, said, “At this new year’s outset, we announce Dubai’s real estate market’s entry into a ...

Bloomberg The downturn in Sydney’s property market is set to deepen this year as tighter lending standards and the worst slump in values since the late 1980s cause nervous buyers to sit on the sidelines. Average Sydney home values have fallen 11.1 percent since their 2017 peak, according to CoreLogic Inc. data — surpassing the 9.6 percent top-to-bottom decline when ...

Bloomberg Home prices in 20 US cities slowed in October for a seventh consecutive month, extending the longest streak since 2014, a sign of waning demand amid higher mortgage rates and elevated property values. The 20-city index of property values increased 5 percent from a year earlier, after rising 5.2 percent in the prior month, S&P CoreLogic Case-Shiller data showed. ...

Bloomberg One of Hong Kong’s biggest sales of residential land this year added to the picture of a worsening home market. China Overseas Land & Investment Ltd. won the site in Kai Tak with a bid of $1,726 per square foot of floor area. That’s 13 percent less than Goldin Group paid last month for a nearby parcel. “The number ...

Bloomberg Contract signings to purchase previously owned US homes unexpectedly fell for a second month in November, offering yet another sign that the housing market is struggling. The index of pending home sales decreased 0.7 percent, according to data by the National Association of Realtors in Washington. The gauge slumped 7.7 percent from a year earlier on an unadjusted basis, ...

Bloomberg China’s biggest-ever overseas property buying spree reversed course in dramatic fashion in 2018. But even after the record unwinding, many lucrative real estate assets remain in Chinese hands. They include the 245 Park Ave skyscraper in Manhattan, New York’s famed Waldorf Astoria Hotel and Chicago’s Vista Tower, under construction but envisaged as one of the city’s tallest buildings. With ...

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 ...