Hong Kong

Asia Luxury Residential Market weakens amid tightening measures

Tightened mortgage lending and rising interest rates continued to impact on buyer demand in most Asian markets in the second quarter of 2011.

Published

10 years ago

August 26, 2011

Daniel Lorenzzo

Tightened mortgage lending and rising interest rates continued to impact on buyer demand in most Asian markets in the second quarter of 2011.

Buyer sentiment weakens amid further tightening measures

Concern over the regional economic outlook rose as the economic situation in the United States and Eurozone worsened in July, and further deterioration could have a knock on effect on the Asian economy.

Transaction volume remains generally stable

Buyer sentiment is expected to continue to weaken in the face of further interest rate hikes

Trading volume in Shanghai and Hong Kong declined on a q-o-q basis in the second quarter whilst activity in Singapore remained steady. Southeast Asian markets displayed mi xed results, with Ho Chi Minh City recording a significant fall in completed deals.

via CBRE Thailand Asia Luxury Residential MarketView Q2 2011.

Price appreciation begin to ease

The CBRE Asian Luxury Residential Capital Value Index rose by 2.5% q-o-q in the second quarter compared to a rise of 5.5% q-o-q recorded in the first quarter. In Hong Kong price appreciation moderated to 8.9% q-o-q from 14.0% in the first quarter, although the rate of growth nevertheless remained the fastest in the region. Capital value growth eased in the most first-tier cities in China following the implementation of further restrictions on home purchases. Prices in Bangkok and Ho Chi Minh were static as demand from end users was dampened by more stringent mortgage policies.

Prices to remain stable

Luxury home prices in Asia are expected to remain stable over the remainder of 2011 although some markets could witness a slight decline. Buyer sentiment is expected to continue to weaken in the face of further interest rate hikes and the tightening of credit, which will put greater downward pressure on home prices. Concern over the potential introduction of new tightening measures in China, Singapore and Hong Kong may also restrain capital value growth.

China

Hong Kong’s US-Bound Exports to be Labeled ‘Made in China’

Goods produced in Hong Kong and exported to the US must be “marked to indicate that their origin is China”, according to a notice put out by US Customs and Border Protection (CBP) on August 11, 2020.

Published

7 months ago

September 11, 2020

Headline Editor

This ‘Made in China’ labeling requirement on Hong Kong products was originally to take effect on September 25. To give Hong Kong exporters more breathing room to switch the labels, the US CBP has extended the enforcement date by 45 days, to November 9.

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China

Hong Kong : no journalist in the world is free from China’s violent retribution

The new national security legislation China is imposing on Hong Kong could be used not only against journalists operating in Asia’s main financial hub, but against every journalist in the world says RSF

Published

10 months ago

July 3, 2020

Boris Sullivan

Reporters Without Borders (RSF) urges democracies to do everything in their power to compel Beijing to withdraw the law that allows it to charge any journalist writing on Hong Kong of endangering national security, an accusation that could result in life imprisonment or even the death penalty if tried in China.

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Hong Kong

National security law for Hong Kong risks turning city into police state

China’s national security law for Hong Kong will put everybody in the city at risk of arbitrary detention and unfair trial unless underpinned by measures to guarantee protection of human rights, Amnesty International said today

Published

10 months ago

June 28, 2020

Boris Sullivan