Hong Kong Property is Unstoppable!




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ORIGINAL POST

Posted by Ed 21 days ago
Hong Kong’s private home prices, one of the world’s most expensive property markets, rose in March at their fastest pace since September 2016 on strong pent-up demand and improved sentiment.

Home prices in the densely-populated city gained 2.9 percent last month, the third straight rise and accelerating from February’s revised 1.6 percent increase, government data showed on Tuesday.

Hong Kong’s home prices fell from August to December last year weighed by U.S.-China trade tensions and higher interest rates after rising for 28 consecutive months, but then quickly rebounded since the beginning of this year.

https://www.reuters.com/article/hongkong-economy-property/hong-kongs-march-home-prices-rise-at-fastest-pace-in-2-1-2-years-idUSL3N21U13E


Thanks you Federal Reserve for reversing on interest rates!



Then there is this:

The 2 trillion yuan question: will China’s stimulus measures be enough to boost the economy?

Beijing is taking extensive measures to stabilise the economy, through the central bank, local governments and an enormous tax-cut package.

Already, some indicators seem to be responding to stimulus, which bodes well for global trade

https://www.scmp.com/comment/insight-opinion/united-states/article/2188678/2-trillion-yuan-question-will-chinas-stimulus

COMMENTS

Ed 21 days ago
https://images.hedgeye.com/media_assets/0064/7631/China_cartoon_03.30.2015_large.png


http://www.chinadaily.com.cn/cndy/attachement/jpg/site1/20120608/00221917e13e113b954a31.jpg


https://d1yhils6iwh5l5.cloudfront.net/charts/resized/55314/large/01.26.2018_China_cartoon.png


https://www.indianfolk.com/wp-content/uploads/2017/09/18207898_303.jpg


https://cdn1.i-scmp.com/sites/default/files/styles/1200x800/public/images/methode/2019/03/08/6b3d2440-40ae-11e9-b20a-0cdc8de4a6f4_image_hires_095152.jpg

Ed 16 days ago
Wheelock sets sales record for a single day’s turnover in Hong Kong’s biggest weekend launch in six years as buyers snap up flats

Buyers snapped up 1,001 flats, or 87 per cent of 1,148 flats offered at Lohas Park, Tai Po and Ho Man Tin, as of 11pm

Wheelock Properties sold all 500 flats at the Montara project for more than HK$4 billion in total, setting a record for a single day’s turnover


https://www.scmp.com/property/hong-kong-china/article/3008864/homebuyers-snap-hong-kongs-biggest-weekend-property-sales


https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/methode/2019/05/04/6a3d1aa2-6e29-11e9-994e-1d1e521ccbf6_image_hires_233136.JPG

Ed 16 days ago
Sales of pre-owned homes in Hong Kong surge to eight-year high as panicked buyers rush to beat rising prices

Rise fuelled by flurry of activity in established housing estates where flats sold for record prices

‘Buyers are afraid that if they don’t buy now, they will miss the boat once prices rise further,’ said Sammy Po of Midland Realty


https://www.scmp.com/property/article/3008622/sales-pre-owned-homes-hong-kong-surge-eight-year-high-panicked-buyers-rush

Ed 14 days ago
Hong Kong's surging weekend property sales show rebound underway

Hong Kong's surging weekend home sales added to signs that the property market is heating up and prices may once again set records.

Developers sold 1,220 new units, the most in six years, according to the Hong Kong Economic Journal. That included all 500 homes on sale at Wheelock Properties Ltd.'s project Montara in Tseung Kwan O, government records show.

Positive sentiment has prompted developers to put more homes on the market, said Patrick Wong, a property analyst with Bloomberg Intelligence.

Also doing well: used home sales. The city's HK$40 billion (S$6.96 billion) of secondary home transactions in April were the most in more than eight years, figures from Centaline Property Agency Ltd. show.

https://www.businesstimes.com.sg/real-estate/hong-kongs-surging-weekend-property-sales-show-rebound-underway

Ed 11 days ago
Hong Kong Property Prices to Rise for a Decade, Says UBS

Bloomberg Intelligence sees 10% gain in home prices this year

https://www.bloomberg.com/news/articles/2019-05-10/unstoppable-hong-kong-property-tipped-for-decade-more-of-gains?srnd=premium-asia

Ed 6 days ago
More mainland Chinese want to buy Hong Kong property: UBS survey


Hong Kong is the most favorable offshore real estate market for mainland Chinese, despite an escalation in U.S.-China trade tensions and concerns over a controversial extradition law that will extend Beijing’s power over the city, UBS said on Tuesday.

https://www.reuters.com/article/us-hong-kong-property/more-mainland-chinese-want-to-buy-hong-kong-property-ubs-survey-idUSKCN1SK0T1

Ed 6 days ago
Hong Kong home prices to increase by 15 per cent this year, says Cushman

https://www.scmp.com/business/article/3002396/hong-kong-home-prices-increase-15-cent-year-says-cushman

Ed 4 days ago
Hong Kong’s luxury home prices creep up 0.3 per cent as global average sinks to slowest growth in a decade, says Knight Frank

The average cost of a high-end residential property in 45 cities across the world rose 1.3 per cent in the first quarter, the slowest pace in 10 years


https://www.scmp.com/property/hong-kong-china/article/3010443/hong-kongs-luxury-home-prices-creep-03-cent-global-average

Ed 4 days ago
Hong Kong’s luxury home prices creep up 0.3 per cent as global average sinks to slowest growth in a decade, says Knight Frank

The average cost of a high-end residential property in 45 cities across the world rose 1.3 per cent in the first quarter, the slowest pace in 10 years


https://www.scmp.com/property/hong-kong-china/article/3010443/hong-kongs-luxury-home-prices-creep-03-cent-global-average


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