Five major Japanese banks will raise their fixed housing loan rates in January in light of a rise in long-term government bond yields following a policy revision by the Bank of Japan.

Bank BNP Paribas has recently completed the pre-leasing of a number of commercial buildings in Taikoo Place in Quarry Bay, including Dorest House.

The Bank of England (BoE), following its meeting yesterday, has decided to cut interest rates by 25 basis points to a new low of 0.25%,

Things will come crashing down soon for China’s red hot property market, with the nation’s banking system unable to generate enough credit to sustain further gains in real estate prices.

Luxury-home prices in central London rose on an annual basis for the first time in 17 months as bank and hedge-fund executives bought houses and apartments in anticipation of bonuses, Knight Frank LLP said. Homes with values of above $1.6 million appreciated 1.6 percent in November compared to the same month last year. This was the first annual increase since June 2008. Nonetheless, prices remain 15 percent lower than the March 2008 peak. From October to November, prices grew 1.2 percent.