Luxury Real Estate Blog and News
The opening of the high-speed railway between Hong Kong and Guangzhou may assuage the housing crisis in the Chinese SAR.
Guangdong province is calling for the cancellation of a decades-long property pre-sale system that has played a primary role in supporting China’s real estate developers.
Hong Kong private home prices fell for the first time in 29 months in August and are expected to soften further.
Housing prices in Hong Kong are the most overvalued and at the greatest risk of collapse, according to a report focused on 20 major cities.
Despite a series of anti-speculation measures, the Korean government seems to have failed to curb apartment prices in key areas of Seoul.
Chinese buying is “drying up,” said Stephen Saunders, managing broker with Coldwell Banker Seattle.