Hk property jin Koh Lian...dun have Good Hands to take care and provide professional guidencees

[k1976]

https://sg.yahoo.com/news/great-time-buy-hong-kong-054725164.html

Right, Boss John

 

[k1976]

• Some distressed, wealthy homeowners in Hong Kong are selling their exorbitant homes at a discount.
• Hong Kong's property market has been under pressure due to high interest rates.
• The removal of property curbs in Hong Kong has boosted luxury home sales.

Hong Kong once held the record for the priciest home sold in all of Asia. But some owners of the island's most luxurious houses have been selling them at a loss this year.

Driven by high interest rates and macroeconomic stress, some homeowners, or their lenders, are offloading prime real estate at substantial losses to repay mounting debts. That's presenting a rare window for real estate buyers to sweep up these homes at discounted prices.


Some high-end properties sold in the first half of the year for up to 50% off 2018's peak prices, said Jack Tong, the Hong Kong director of research at real estate services company Savills.

Most of these new homebuyers came from cash-rich families or industrialists who had the liquidity to buy quickly, Tong told Business Insider.

 

[k1976]

One such prominent family, that of Ho Shung Pun, director of real estate investment firm Kowloon Investment Company, sold seven luxury homes at considerable discounts, Bloomberg reported on Monday. The company did not respond to BI's request for comment.

The Hos aren't the only family — or lenders to a family — selling.

In the first half of the year, around 75% of properties valued over $10 million involved cash-strapped sellers, according to data from CBRE Group cited by Bloomberg.

Hong Kong's property bubble has experienced sharp cyclical fluctuations. In the late 1990s, the city saw a significant recovery after a drop in residential prices from the Asian financial crisis in 1997.

This time, however, Hong Kong might not see a rebound of such spectacular proportions, as high interest rates are hampering the market, UBS analyst Mark Leung told the Financial Times in May.

Soaring interest rates in the US have pressured Hong Kong's property market due to its currency peg to the US dollar. The cost of borrowing in Hong Kong has risen above its 3% average rental yield, Reeves Yan, head of capital markets at CBRE Hong Kong, told Bloomberg.

 

[k1976]

Singapore’s gravity-defying property prices hurt productivity, innovation and diversity​

A radical rethink of how real estate is allocated and priced in Singapore may be necessary

Joan Ng​

Published Wed, Jul 31, 2024 · 05:00 AM
Thinking Aloud

• 
  
• 
  
• 
  
  
  
• 
  

• Singapore has very high urban land rents, which have hurt its relative productivity. PHOTO: BT FILE
• Singapore has very high urban land rents, which have hurt its relative productivity. PHOTO: BT FILE
• Singapore has very high urban land rents, which have hurt its relative productivity. PHOTO: BT FILE
• Singapore has very high urban land rents, which have hurt its relative productivity. PHOTO: BT FILE
• Singapore has very high urban land rents, which have hurt its relative productivity. PHOTO: BT FILE

SINGAPORE’S property market continues to defy gravity. Office rents climbed 3.1 per cent in the second quarter, according to data from the Urban Redevelopment Authority, even though the stock of office space rose. Industrial rents increased 1 per cent and retail rents remained unchanged.

There is downward pressure, to be sure. Retail rents dipped 0.4 per cent in the first quarter, for instance, and landlords are doing more to retain and attract tenants.

Nevertheless, the Singapore property market is probably among the brightest spots globally. Consultancy Savills expects the country’s investment property sales to range from S$22 billion to S$23 billion this year, up from S$19.7 billion last year.

 

[bobby]

This Joan Ng can eat donch waste …..

 

[k1976]

This Joan Ng can eat donch waste …..

View attachment 203406

U very good 眼光

 

[GUDANGARAM]

Too bad. Son of Goh Chok Tong, Goh Jin Hian had to pay compensation to IPP and has no money to buy mansion in HK

 

[k1976]

Singapore’s real estate to outperform in cross-border investments​

Knight Frank expects Singapore to account for 11% of cross-border capital trade in 2024.
Cross-border investments accounted for 48% of Singapore’s real estate investment volume in H1 2024, surpassing the 10-year average of 43%.
In Q2 2024 alone, Singapore saw a 63.8% YoY increase in its overall investment activity, with total cross-border volume amounting to US$756.8m.

Knight Frank noted that Singapore continued to “demonstrate healthy appeal to global capital” despite a general retreat from domestic and international investors.

The expert predicts Singapore to be among the top three markets for cross-border capital, behind Australia and Japan, and will account for 11% of trade for the full year.

Additionally, Knight Frank predicts that Singapore will receive 15% more volume from the office market and see heightened activity in the industrial sector, surpassing the long-term average, similar to the peaks of 2017/2018.