Hong Kong property price index hit new high

[phantom_opera]

http://hk.centadata.com/cci/images/ccli_chart.png

[Centa-City Leading Index]
119.13

0.63 % (week on week) 2.89 % (month on month)

[phantom_opera]

HK commercial rental even McDonald also buay tahan

【明報專訊】舖租貴絕全球的銅鑼灣羅素街，連樓上舖租金亦愈加愈高，英皇國際（0163）持有的銅鑼灣羅素街8號地下部分連1樓，現以月租90萬元租予麥當勞，面積逾5000方呎，業主計劃在今年11月租約期滿後，加至月租150萬元或以上，加幅至少67%。市場估計，加租後麥當勞每日要賣近5500個漢堡包，或逾2300個21元的超值套餐才夠交租，屆時很大可能因此被逼遷舖。

=> after rental hike, McD 1 day must sell 5,500 burgers to pay rent :doh:

[phantom_opera]

【明報專訊】反映香港樓價的中原城市領先指數今年迭創新高，最新水平較梁振英去年7月上任時升了13%。套用大陸潮語，香港樓價沒有最高，只有更高，一直漲下去，不知伊于胡底。客觀點講，這4年全世界都在印銀紙（量化寬鬆），利率給各央行刻意壓低（金融抑遏）資產價格飛升（資產泡沫）。香港樓價跟隨外圍環境上漲，可以理解，問題是漲幅超過其他國際城市，香港人的買樓負擔成為世界之最。

[hopeful]

you very funny le.
on one thread, say HK price may go down because of pollution.
then on this thread, post +ve news HK price up 13%..

[phantom_opera]

you very funny le.
on one thread, say HK price may go down because of pollution.
then on this thread, post +ve news HK price up 13%..

aiyo ... I did not say that ... it was another forumer ... I just said possible if HK becomes as polluted as HK (in the future lah) ... so please do not twist my words lah

[hopeful]

aiyo ... I did not say that ... it was another forumer ... I just said possible if HK becomes as polluted as HK (in the future lah) ... so please do not twist my words lah

not only give support to indomie, but also give support to bj21, in both cases linking pollution and property price.

also "HK not too far behind in terms of (BJ's) pollution".

[phantom_opera]

not only give support to indomie, but also give support to bj21, in both cases linking pollution and property price.

also "HK not too far behind in terms of (BJ's) pollution".

have u been to Beijing in last few weeks ... u must go there and see for yourself how serious it is ...:(

[hopeful]

have u been to Beijing in last few weeks ... u must go there and see for yourself how serious it is ...:(

i see that flooding in jakarta has not reduced the price of properties for the areas affected a single bit.
i see that people continue to stay in hiroshima and nagasaki town.

as long as there is money to be made, jobs to be found, people will still go to these polluted places and they will adapt.

anyway, this air pollution is a result of very cold weather, so the coal power stations have to burn more to generate heat. once spring time arrives, will be less polluted.

[indomie]

Hong Kong (CNN) -- In Hong Kong you can feel the current property boom.
Relentless hammering from new construction sites shakes the affluent streets of Mid-levels, a property hot-spot in a city that has become one the most expensive and least affordable place for housing in the world.
But for some Hong Kong residents who now find themselves on millionaire's row, thanks to a doubling of high-end property prices in the last five years, the boom is more like blight.
"It's a war zone," shouts Katty Law, above the earth-shattering noise of pile driving at a building site just a block from her home. "The noise is terrible, I don't want to stay here too long. It drives people crazy."
Ms Law is a member of a local community pressure group who is almost despairing of the current construction in her neighborhood despite the rise in property values. Last month property prices in the city reached a 13 year high.
Feeling Hong Kong's property boom Living in HK's property 'warzone'
We're very good at knocking things down, but not so good at building things like connections between communities.
--Professor Paul Yip, Hong Kong University
"The prices are going up, but it's just a dollar sign, it means nothing," she says.
"Even if I sell my house I can't buy the space that I enjoy. I have to buy a smaller place and live further away not near my family. It means you got stuck in a place and you have no choice, even though the price is high."
A modest 1,200 square-foot (111 square-meter) apartment in an "old" building in Mid-levels can easily cost around 15 million Hong Kong dollars ($1.9 million); newly built high-end apartments can easily be double that amount.
A survey by Savills found that the very top end properties sell for a staggering $10,550 per square foot, but even the lower rungs on the property ladder will be 40% more expensive in Hong Kong than London, New York or Moscow.
Hong Kong's lofty position as the most expensive place for housing has been fueled by record low borrowing rates, hot money from mainland Chinese investors and a chronic lack of space.
The Chinese mainland investors are "the elephant in the room" says Simon Smith, head of Asian real estate research with Savills, who explains that "there's nothing like bricks and mortar in a stable legal environment" as an attractive investment opportunity.
Many of the apartments in the slew of skyscrapers being built in Law's Mid-levels neighborhood (eight within a few hundred meters of each other) will be left empty once completed, as around 30% of new high-end buildings in the city are bought by Chinese mainlanders. They're for investment purposes and the buyers have no interest in living in them or incurring rental regulations, says Alnwick Chan of Frank Knight.

[kane]

The need a dose of our cooling measures. Lol.

[Laguna]

http://www.facebook.com/messages/100001160210031#!/MoneyMindCNA?fref=ts (http://www.facebook.com/messages/100001160210031#!/MoneyMindCNA?fref=ts)

More Property Curbs in Hong Kong?

More measures may be introduced to maintain stability in Hong Kong's housing market.

That's the warning from its de-facto central bank, the Hong Kong Monetary Authority.

HKMA chief, Norman Chan, said home prices in the city are at a record high and starting to eat into household affordability.

He also revealed today more evidence that showed the property marke...t may be overheating.

Mr Chan said debt-to-GDP ratios were 58 percent and 59 percent in the third and fourth quarters of last year.

If it is introduced, this will be Hong Kong's sixth package of measures.

Previous curbs put into place include higher down-payments on properties, limits on mortgage terms, and a tax levy on foreigners buying homes.

[Laguna]

The need a dose of our cooling measures. Lol.

Sg CM 15% for foreigners, is copied from HK.
The latest CM in HK was just a day after QE3, much faster than SG

[Shanhz]

http://www.economist.com/blogs/freeexchange/2011/03/global_house_prices

shared by someone here earlier. look at HK.

[indomie]

Hong kong population now is already at 7 million. Soon it will become unbearably crowded. When sg population reach 6.9 million, HK probably reach 10 million population. Or if the population does not increase that much, then the whole city is swamped with old folks. That is hardly a catalist for growth.

[phantom_opera]

Hong kong population now is already at 7 million. Soon it will become unbearably crowded. When sg population reach 6.9 million, HK probably reach 10 million population. Or if the population does not increase that much, then the whole city is swamped with old folks. That is hardly a catalist for growth.

in recent years, many China mothers giving birth in HK, so new blood is guaranteed liao :rolleyes:

[Laguna]

HK Market cooling measure
New round of resi cooling measures will be introduced the quickest this Friday, latest by end of this week

The rumors right now say:
BSD raise to 30%
2nd home 5% tax
3rd home cannot borrow mortgage
All over 8m home 10% less mortage, only can take 50% mortgage

[kane]

HK Market cooling measure
New round of resi cooling measures will be introduced the quickest this Friday, latest by end of this week

The rumors right now say:
BSD raise to 30%
2nd home 5% tax
3rd home cannot borrow mortgage
All over 8m home 10% less mortage, only can take 50% mortgage

No wonder CK and SHK pullback so much yesterday. we are one step away from no borrowing on 3rd home... lol.

[electron]

HK Market cooling measure
New round of resi cooling measures will be introduced the quickest this Friday, latest by end of this week

The rumors right now say:
BSD raise to 30%
2nd home 5% tax
3rd home cannot borrow mortgage
All over 8m home 10% less mortage, only can take 50% mortgage
Wow, that's very harsh. What does BSD stand for? Is it only for foreigners, or does it apply to HKers as well?

[hopeful]

.....

The rumors right now say:
BSD raise to 30%
2nd home 5% tax
3rd home cannot borrow mortgage
All over 8m home 10% less mortage, only can take 50% mortgage

what is 2nd home 5% tax?
difference from BSD?

[onglai]

Wow, that's very harsh. What does BSD stand for? Is it only for foreigners, or does it apply to HKers as well?

Bsd = buyer stamp duty

[phantom_opera]

another new high, CCLhit 120.66, up 1.29% in a week

【明報專訊】特首梁振英1月16日公布施政報告後，樓市走勢似乎有升無跌。反映本港樓價走勢的中原城市領先指數CCL，最新報120.66點，按周再升1.29％，不但是連升4周共4.37％，而且亦是連續3周創出歷史新高紀錄。至於反映大型屋苑樓價指數的CCL Mass，最新報119.4點，按周上升1.53％，同樣是連續3周創出歷史新高。

[Laguna]

CCL續破頂 報120.66點 新盤熱賣 二手交投銳減
&nbsp　　中原城市領先指數（CCL）升穿120點水平，最新報120.66點（數字根據1月28日至2月3日簽訂正式買賣合約，以及1月14至20日簽訂的臨時買賣合約計算），按周升1.3%，連續3周創歷史新高。代理指，長假期臨近，二手成交減少，將令樓價升幅放緩，預期升勢不及過年前。

　　今周4個分區指數全面報升，除新界西外，3區指數均創歷史新高。港島及新界東連續3周破頂，港島區按周升1%至129.7點，新界東亦按周升0.4%至117.19點，兩區均連升4周約5%。九龍區指數按周升2.8%至121.06點。至於新界西指數按周升1.1%報99.81點，連續兩周創97後新高，代理料下周將升穿100點。

　　因農曆新年關係，加上多個新盤開售吸客，二手交投急跌。利嘉閣地產綜合50大指標屋苑上周（1月28至2月3日）數據，周內錄得176宗成交，較前周（1月21至27日）的278宗，按周下跌36.7%�¼ �創9周新低。

　　3個分區交投全面報跌，以九龍區跌幅最大。該區上周錄56宗成交，較前周的104宗跌46.2%。代理指，因奧城?西岸開售以及天晉II熱賣，購買力轉至一手市場，拖累二手交投。港島區及新界區跌幅相若，港島區錄35宗成交，按周跌三成，而新界區錄85宗，較前周跌31.5%。

　　本刊綜合市場資訊，全港10大屋苑於本周（1月31日至2月6日）錄65宗買賣成交，較上周（1月24日至30日）的88宗再減少26.1%。其中6個屋苑成交報跌，跌幅由16.7至62.5%不等，跌幅最高的海怡半島，由上周的16宗下跌至本周的6宗。另3個屋苑交投逆市上升，升幅20至71.4%。整體成交呎價則呈上升趨勢，7個屋苑呎價按周升0.5至7.8%不等。值得一提的是，港島龍頭屋苑太古城，成交量價表現企穩，本周成交量較上周升逾七成，呎價亦升達6.6%。

　　租務方面，10大屋苑本�‘ �錄82宗成交，較上周的64宗成交上升28.1%。臨近歲晚，為傳統的租務淡季，但租務成交有增無減，估計因為樓價升至歷史高位，部分買家轉租，謀定而後動。

...................
　　樓市多變，為了讓讀者更加緊貼市場脈搏，本刊推出「二手樓市指數」優化版。新指數由市場上4個數據綜合而成，讓大家於5分鐘內速讀一周樓市變化。
計算方法：

　　整合以下4個數據，將有關數據化為1至5分，將5個數字總分除4，5分代表市況極好、4分良好、3分一般，2分差、1分極差。
　　本周二手樓市指數：2.5分（5分為滿分）
１.二手成交量分類指數為1

2.中原城市領先指數
　　本周中原城市領先指數報120.66點，較上周公布的119.13點升1.3%。分類指數為4

3.信心指數
　　本刊每周向讀者查問其對樓市信心，一般回應人數在100左右；指數由1至10，本周信 心分類指數為6.75。分類指數為4

4.供款與月租比率
　　供樓及租樓的開支比率，直接影響租客的入市決定。本刊選取太古城實用面積589至590呎（建築675呎）2房單位作為計算指標，並搜集此類單位新近的平均月租及成交價，再以六成貸款金額$438萬、20年期、息率2.5厘計算，計算有關單位的月供，此類單位每月供款高於月租10.5%。分類指數為1

[phantom_opera]

This Week Previous Week Previous Month
HK 131.65 1.51 % 6.42 %
KLN 120.18 -0.72 % 5.12 %
NT (East) 118.84 1.41 % 5.42 %
NT (West) 101.8 1.99 % 4.1 %

[Centa-City Leading Index]
121.73

+0.89 % (weekly) +5.00 % (month on month)

[kane]

This Week Previous Week Previous Month
HK 131.65 1.51 % 6.42 %
KLN 120.18 -0.72 % 5.12 %
NT (East) 118.84 1.41 % 5.42 %
NT (West) 101.8 1.99 % 4.1 %

[Centa-City Leading Index]
121.73

+0.89 % (weekly) +5.00 % (month on month)

that's faster than inflation rate by the way.

[samuelk]

have u been to Beijing in last few weeks ... u must go there and see for yourself how serious it is ...:(

Thats what everyone says, but they still go there . So no worries, unless there is a real health issue and people start to develop illness, the country will continue to Huat ahhh

[phantom_opera]

that's faster than inflation rate by the way.
Index only 20pc more than 1997 peak so playing catch up

[kane]

Catch up with?

[hutsutau]

Catch up with?

SINGAPORE?

[phantom_opera]

Despite the tighter measures rolled out to cool Hong Kong’s property market, a two-storey home in the city has been sold for a whopping HK$84 million (S$13.42 million), according to reports.

Located at Gough Hill Residences in the tony Peak neighbourhood, the property was put on the market last November; just weeks after the government introduced a 15 percent tax on foreign home buyers.

The recent sale shows that buyers were not seriously affected by the measures, noted Wong Leung-Sing, Property Analyst at Centaline Properties.

“All the people have the same thinking—that the government cannot do anything about (home prices),” he said. As long as there is quantitative easing around the world, “people think the price in Hong Kong will always get higher”.

Built about seven years ago, Gough Hill Residences by developer Wheelock Properties comprises five luxury homes that were snapped up by local buyers and mainland Chinese. Each house comes with its own swimming pool, lush landscaping and car ports that can accommodate several vehicles.

In 2006, the same property was sold for HK$26 million (S$4.15 million), which is just a third of the current price.

[phantom_opera]

another new high

NT (East) 119.48 1.1 % 1.95 %
NT (West) 104.13 1.27 % 4.32 % (mom)

http://hk.centadata.com/cci/images/ccli_chart.png

[kane]

NT stands for new territories or something else?

[phantom_opera]

中原地產研究部高級聯席董事黃良昇指出，中原城市領先指數 CCL 報123.66點，按周上升1.29%，連升四周共1.71%。中原城市大型屋苑領先指數 CCL Mass 報122.98點，按周上升1.29%，連升四周共2.25%。

http://hk.centadata.com/cci/images/ccli_chart.png

[kane]

they also need another round of CM liao.

[richwang]

Hong Kong Homes Face 25% Drop in Year of the Dragon: Mortgages



http://www.bloomberg.com/news/2012-01-31/hong-kong-homes-face-25-drop-as-loans-fall-in-year-of-dragon-mortgages.html

[phantom_opera]

【太陽報專訊】政府今年再為樓市措施加辣，但奈何樓價只降溫兩個月，即重拾升軌，差餉物業估價署資料顯示，五月私人住宅售價指數升約0.54%，報約240.1點，再創歷史新高，其中九龍中小型單位售價，單月更錄近12%升幅；有學者表示，目前樓價不跌反升，並在高位徘徊，未達辣招目的，故現時未有撤招的理由。

差估署資料顯示，五月私人住宅售價指數最新報約240.1點，按月回升約0.54%，指數打破出招前高位，再創歷史新高。
較九七年高三成八

根據資料顯示，售樓指數首次升穿九七年十月高位，為一一年二月的176.4點，當時是政府首次推出樓市辣招後僅四個月，而是次為今年二月份加辣招後僅三個月便再爆升，較九七年高位172.9點，高出約38%。
若按地區劃分、撇除成交量低於20宗類別住宅單位，實用面積753方呎以下單位售價全線向上，其中九龍面積431至752方呎中小型戶，平均售價按月升最多約11.9%，平均呎價約9,796元。
其次為港島面積753至1,075方呎中型單位，平均售價按月升約9%，而新界面積431至752方呎單位，平均售價亦錄約6.9%升幅。
業界人士指出，成交量持續下跌、但樓價續升，原因相信是一手銷售措施推出前，多個新盤如長沙灣一號．西九龍及九龍城The Avery等新盤單位於四月時促銷所致。
許智文：辣招打擊交投
理工大學建築及房地產學系教授許智文稱，辣招下盤源減少，成交相對減少，預期樓價短期內會窄幅上落，而政府出招主因樓價升勢過急，現時售價指數再升至新高，故目前並沒有撤招的理由，並要考慮若撤招後樓價再升的後果，但同意辣招造成交投急減情況。
租金方面，該署指出，五月私人住宅租金指數維持約152.6點，按月沒有升跌；但同期九龍面積431至752方呎單位，租金按月升近22%。業界人士料，主要由於九龍區有新盤入伙帶動所致。另反映樓價走勢的中原城市領先指數顯示，上半年樓價指數累升5.26%。
白表免補地價購綠表單位（白居二）購買力推動樓價下個升浪。美聯馬創強稱，東涌裕東苑一日連錄3宗白居二成交，其中E座高層8室以約334萬元售出，創同區免補價居屋新高，實用呎價約5,227元。

[mermaid]

http://hk.centadata.com/cci/images/ccli_chart.png

[Centa-City Leading Index]
119.13

0.63 % (week on week) 2.89 % (month on month)

y their ppty market haven crash?