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Luxury Property Market Blog By Landscope Christie's International Real Estate
Everything about Landscope Christie's International Real Estate and the Hong Kong luxury property market
February 8, 2012
Numbers Talk
Filed in Market Watch
Recently, government officials have been rejoicing over the decline of property prices in the last six months, attributing the market softening to a series of clampdown measures against property speculation which they put in place in late 2010. These measures include, among other things, the introduction of a Special Stamp Duty (up to 15 per cent additional stamp duty levy if the property is resold within two years of purchase) and the lowering of mortgage ceilings by 10 percentage points (which means for luxury properties the loan to value ratio is 50 per cent).
January 14, 2012
London commercial property sold for HK$90,000,000
Filed in Corporate News
Landscope Realty announces the sale yesterday of a commercial unit at Lock House, 35 Oval Road, Camden Town, London, UK for HK$90,000,000.
January 12, 2012
Market Realities
Filed in Market Watch
2012 started with a gloomy outlook amid the hitherto unresolved Euro debt crisis and China’s decelerating economy; as investment sentiment in Hong Kong hit a low in recent years. It has become a majority view that the local economy will slide for the whole of this and possibly next year too. Against this backdrop, investors are staying put and end users are pushing back purchase decisions. In the high-end residential market, desperate sellers are widening negotiation margins to 10 per cent or more, where they used to be no more than five per cent.
December 9, 2011
London calling
Filed in Market Watch
Amid the global financial turmoil and associated property downturn, London is perhaps one of the few remaining bright spots. Investment funds pour into this financial hub, now a safe haven for capital from all over the world. The rollercoaster ride of the worldwide equity markets stemming from the Euro crisis has sent shockwaves through most western economies – and caused jitters in Asia as well, resulting in the withdrawal of capital, some of which is finding its way into mature, stable real estate markets like London.
November 23, 2011
Happy Valley low-rise apartment sold for $18,200,000
Filed in Corporate News
Landscope Realty announces the sale today of a low-rise apartment at Full View Court 7-9 Happy View Terrace, Happy Valley for $18,200,000.