You think only china facing poperty poblem?

[syed putra]

US also facing same fate.

 

[ChenShuang]

Nice

 

[ChenShuang]

Let it burst

 

[batman1]

Red dot still the best.Up up all the way.The sky is the limit.

 

[birdie69]

Red dot still the best.Up up all the way.The sky is the limit.

The garment has lost control in the property market, all the cooling measures implemented fail to dampen the property
market, in fact, it has pushed the price even much higher.

 

[laksaboy]

China is facing a starvation and massive die-off problem. Don't comnpare that shithole country with other places.

 

[syed putra]

The garment has lost control in the property market, all the cooling measures implemented don't help to dampen the market, in fact, it has pushed the price even much higher.

Red dot still the best.Up up all the way.The sky is the limit.

Even I Tsim TSA chui nobody wants honkie property.

How Hong Kong’s property slump is affecting asset values owned by celebrities and tycoons​

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount

 

[congo9]

China's property specially in Shanghai, Beijing and shengzheng is facing a very severe correction.

 

[syed putra]

China's property specially in Shanghai, Beijing and shengzheng is facing a very severe correction.

Can buy the hutong house?

 

[eatshitndie]

fake news. homes in u.s. so sexpensive now. gen z gives up on owning homes. rents in sillycon valley are $3.69k per studio apartment.

 

[face the facts]

you think peesai is immune from property burst?.....just wait 12 months and see......

 

[syed putra]

fake news. homes in u.s. so sexpensive now. gen z gives up on owning homes. rents in sillycon valley are $3.69k per studio apartment.

You neber hear what the guy said. Some of these properties are due to renew their loans but this time at a higher interest rates.
I assume same with stock and share speculators hence they are dumping their shares now.

 

[joemartini]

you think peesai is immune from property burst?.....just wait 12 months and see......

lets wait and see....... Shanghai, Beijing, HK, Shenzhen kena property slowdown.

california, los angeles and hollywood kena massive fire early this year.

here must kena multiple Property nuclear meltdown. 1-2 million dollar BTO, condo all crash and wiped out. Bedok reservoir become killing fields.


https://www.thestar.com.my/aseanplu...wned-by-celebrities-and-tycoons#goog_rewarded



Hong Kong’s weakening retail sales and slumping property market have sharply reduced the capital values of commercial real estate owned by celebrities like Nicholas Tse Ting-fung and the family of the late “King of Gambling” Stanley Ho Hung-sun.

The Macau tycoon’s property at 20 Kimberley Street, Tsim Sha Tsui, has been put up for sale at HK$88 million (US$11.3 million), CBRE, the sole agent for the sale, said on Tuesday. The 1,410 sq ft corner site has a maximum commercial development potential of about 16,920 sq ft.

“It is very rare to see such a prime development site in the heart of Tsim Sha Tsui for sale,” said Reeves Yan, head of capital markets at CBRE Hong Kong.

Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.



He added that the price translated to an accommodation value of HK$5,200 per square foot. Accommodation value is the land acquisition cost divided by the gross floor area permitted for the project.

The most recent commercial en-bloc sale in Tsim Sha Tsui was that of The Popway Hotel, at No. 117 Chatham Road South in June 2024, which was valued at HK$180 million or HK$7,331 per square foot.

Hong Kong’s retail property market has been grappling with a downturn for the past two years. A gauge of private retail properties compiled by the Rating and Valuation Department has slumped by nearly half from a peak. The index stood at 380 in December compared with the record high of 601 in November 2018 when the city’s property market was booming.


Meanwhile, the popular singer and actor Tse recently leased out a shop in Central at a 40 per cent discount after it remained vacant for more than a year, agents said.

Tse’s property at 28 Lyndhurst Terrace has been rented to a jewellery store at HK$60,000 per month, down from its initial listing of HK$100,000 after it fell vacant in January 2024. He reduced the asking price to HK$68,000 in January this year before settling at the current level.

The 1,200 sq ft shop comprises 700 sq ft on the ground floor and another 500 sq ft on the mezzanine level.

In 2018, a wine retailer took out a three-year lease for HK85,000 per month. When the Covid-19 pandemic broke out, Tse lowered the monthly rent to HK$57,000.

In 2021, the wine retailer renewed the lease for another three years at HK$80,000 and vacated the site when the lease expired in January last year.

Hong Kong’s falling retail sales have also affected the rental outlook for retail property.

Retail sales fell for a tenth month in December, bringing the overall decline in 2024 to 7.3 per cent, with total sales for the year amounting to HK$376.8 billion, according to official data.

High street shop vacancy rates in the four key shopping districts of Central, Causeway Bay, Tsim Sha Tsui and Mong Kok increased by 1 percentage point in last year’s fourth quarter from the previous three-month period, according to CBRE’s latest report. On an annual basis, the vacancy rate decreased by 1.3 percentage points to 7.8 per cent at the end of December.

CBRE said that a relatively low vacancy rate for high street shops could support rental growth of up to 5 per cent this year.

In addition, oversupply remains the common thread that connects the downturn in the residential, commercial and retail property markets, S&P Global Ratings said in a recent report.

The rating agency expects Hong Kong’s retail property market to continue struggling in 2025, as the city loses consumers to mainland China’s vast and efficient online markets.

“We believe Hong Kong retail landlords will focus on keeping tenants at lower rents, as losing tenants would be more corrosive to recurring cash flow,” said Wilson Ling, a credit analyst at S&P Global.

More from South China Morning Post:

Hong Kong retail property fund Bridgeway sells Jordan shop at 30% discount
Spanish retailer Mango snags prime Hong Kong shop at 50% discount amid retail slump

 

[eatshitndie]

You neber hear what the guy said. Some of these properties are due to renew their loans but this time at a higher interest rates.
I assume same with stock and share speculators hence they are dumping their shares now.

aiyah. property loans are mostly 15-yr and 30-yr. after 2008 many refinanced with 30-yr loans at less than 3.69% mortgage rates. only fools would borrow with “arm” or adjustable rate mortgages where rates were low for 6.9 years and would surge to market rate after minimum period - same mistake by borrowers before housing bust of 2008. good riddens to these fools and losers. nobody sumpathizes with them if they make the same mistake twice. and they are not the majority borrowers after 2008. in fact for banks and loaning institutions to offer mortgage loans after 2008 the buyer must have at least 20% cash deposit on the purchase plus proof of adequate incum and savings to qualify for loans. no more zero down and stated incum unless it’s from loan sharks or shady loan syndicates.

 

[congo9]

How can USA property problem be the same as Tiongkok housing issues?

Tiongkok is property price is spiralling downward. Why property price is going south, it's a whole host of issues. From being jobless to unable pay for loan cos one can't repay the monthly installments. If my asset is being reduced and my liabilities suddenly shoot up, who will spend excessively? Or who will want to spend more money ?

If I don't spend and all of my friend don't spend cos they can't find a job or they anticipate their job will be in danger of being cut or wage reduce, What will happened to the retail ? The spending will drop. People go for the most basic items and even just buy enough basic items.

 

[syed putra]

How can USA property problem be the same as Tiongkok housing issues?

Tiongkok is property price is spiralling downward. Why property price is going south, it's a whole host of issues. From being jobless to unable pay for loan cos one can't repay the monthly installments. If my asset is being reduced and my liabilities suddenly shoot up, who will spend excessively? Or who will want to spend more money ?

If I don't spend and all of my friend don't spend cos they can't find a job or they anticipate their job will be in danger of being cut or wage reduce, What will happened to the retail ? The spending will drop. People go for the most basic items and even just buy enough basic items.

Nationalise all property like in the good old communist days.

 

[Sinkiesuk]

China girls mostly come sinkie be chicken to pay off their housing loans and debts.

 

[syed putra]

China girls mostly come sinkie be chicken to pay off their housing loans and debts.

That is just a handful.

 

[Sinkiesuk]

That is just a handful.

Quite alot. Like a norm.

 

[syed putra]

China solved it's homeless problem unlike the West