FORBES ASIA: CHINA’S RICHEST IN REAL ESTATE

Wang Jianlin Dalian Wanda Group Chairman Wang Jianlin, long one of the most powerful forces in China’s real estate industry, takes over the top spot on the Forbes China Rich List for the first time amid a rebound in property prices in China and a big push into the entertainment industry at home and abroad. […]

Hong Kong remains slow

According to Knight Frank’s latest Property Market Report, the residential market in Hong Kong remained sluggish last month. Investors and mainland buyers largely retreated from the market, leaving end-users as the majority homebuyers, and they have also adopted a wait-and-see attitude in what is still seen as an uncertain market. The report shows that the […]

Hong Kong tops office market, Sydney in 13th

Hong Kong’s Central district has topped the list as the most expensive office market in the world, outpacing the equivalent districts in the US, Europe and Australia. According to the latest CBRE report, Sydney, in 13th place, was Australia’s highest priced market followed by Perth (21), Brisbane (29), Melbourne (49), Adelaide (71) and Canberra (93). […]

Government restrictions to limit transactions in Hong Kong

The number of transactions this year on Hong Kong’s property market is likely to be limited by the imposition of government measures on the market, according to a recent report by property management firm Jones Lang La Salle. Tightening measures introduced by the government in October included the increase of the Special Stamp Duty rate […]

Hong Kong Housing Troubles Unlikely To Impact Singapore

The recent property cooling measures introduced in Hong Kong are unlikely to have an impact on Singapore property prices. Experts said foreign property investors would not switch their portfolio from Hong Kong to Singapore. Besides being leading international financial centres, both Singapore and Hong Kong hold some of the world’s most expensive homes. Hong Kong […]

IMF Warns Hong Kong Property Faces Price Correction

The International Monetary Fund warned that the sharp run-up in Hong Kong’s home prices raises the likelihood of an abrupt correction, which could pose a severe risk to the domestic economy. “The property sector is the main source of domestic economic risk,” the IMF said Wednesday in its annual review on the Hong Kong economy. […]

Singapore to be world’s richest country by 2050

Singapore, Hong Kong, Taiwan and South Korea are projected to be the world’s richest economies on a per capita basis by 2050, a study showed. The survey by property giant Knight Frank and Citi Private Bank, reported in Singapore media Wednesday, also showed multi-millionaires in Asia will continue to outnumber those in North America and Western Europe by 2050. […]

Bid To Save Ho Tung Gardens Abandoned

The plans to preserve Ho Tung Gardens have come to a halt as its owner, Hong Kong heiress, Ho Min-kwan, wins fight to demolish grade one historic site, rejecting land exchange and HK$3 billion (US$387,094,392) deal. “The owner has objected and appealed to the chief executive,” development minister Paul Chan told reporters at a press […]

Gehry’s Opus secures second record Hong Kong apartment price in three months

A buyer has paid HK$68,083  per square foot (A$90,546 per square metre) for a luxury flat at Opus Hong Kong, the new Frank Gehry-designed residential building in Mid-Levels East. It represents a record for an apartment in Hong Kong, and Asia, in terms of price per square foot. The official data from the Hong Kong Lands […]

World Cities Review 2012

The fourth edition of Savills World Cities Review takes a closer look at ten world class players in the global property market. Where does your city rank? Read the World Cities global research report and discover which ten cities are shaping global real estate. Read exclusive comparisons of the mainstream and leisure property prices between ten cities across the world. Discover the […]

Opus Hong Kong record apartment sale with Frank Gehry design

A luxury apartment in Hong Kong has reputedly sold for a record HK$470 million ($58.2 million), the priciest condominium in the Chinese city and possibly the second most expensive in the world after London’s One Hyde Park. An unidentified buyer paid the HK$81,597 ($10,112) per-square-metre price for the 576-square-metre unit at Opus Hong Kong in the upmarket […]

Tiny Hong Kong Apartment Transforms into 24 Rooms

Living in the same 344 square foot apartment since he was just 14 years old, Gary decided to build a technological marvel that would allow this extremely tiny space to transform into 24 separate rooms. View more photos and the video of this stunning 24 room Hong Kong apartment here! View more photos and the video […]