Home 

Hong Kong’s home prices are so scary, people will live with ghosts to get a discount

Which is more frightening: a haunted house or one that takes a lifetime to save up for? For most people Hong Kong’s sky-high property prices are a more terrifying prospect than the thought of living with ghosts, if a recent survey is anything to go by.More than half of the respondents quizzed by Squarefoot, an online property portal in Hong Kong, said they would consider living in a home which hides a tragic past – if the price was right.In Hong Kong, flats linked with grizzly, untimely deaths … Source…

Read More
Singapore 

A modern vintage-inspired 4-room HDB home with a $50,000 renovation, Lifestyle, Singapore News

Architectural designer Ching Hei has been living in Singapore since his family emigrated from Hong Kong when he was nine. He went back to Hong Kong to continue his post-graduate studies and worked there for about two years thereafter. He loved hanging out in Kennedy Town, an area that is undergoing gentrification. “Many of the old buildings in Kennedy Town are going through a renewal process. The tenement flats of the ’60s and ’70s are being taken over by hipster cafes and fine-dining restaurants,” he points out. When he returned…

Read More
Home 

Xian, the city with the fastest rising home prices in China, imposes property buying curbs on immigrants

Nearly 800,000 immigrants in Xian, home to the Terracotta Army, will be unable to buy homes after the northwestern Chinese city introduced new property curbs on Thursday, dealing a blow to the red-hot market.The city of 10 million people has banned new immigrants from buying primary or secondary homes within 12 months of acquiring a local hukou. A hukou is a household registration document all Chinese citizens must have that controls access to public services based on the birthplace of the… Source link

Read More
Home 

Buyer walks away from US$32 million Hong Kong luxury home, as trade war and protests sap appetite for real estate investment

A Hong Kong customer has backed out of buying a HK$251.23 million (US$32.11 million) luxury home in the Deep Water Bay neighbourhood, marking the second property default in nine days.The buyer, who is unidentified, failed to conclude the sales contract for the 3,641-square foot (338 square metres) apartment on the ninth floor of Tower One at 8 Deep Water Bay Drive, forfeiting HK$12.56 million of initial payment made to the developer Nan Fung Development.Deep Water Bay, located on the southern… Source link

Read More
Home 

China’s new home prices rise 0.71 per cent in May, accelerating at the fastest pace in six months

China’s new home prices rose at an accelerated pace in May, bolstered by robust gains in lower-tier cities, while Shanghai and other top tier cities recorded modest to flat growth amid indicators that pointed to slowing investment and sales by volume on year.The average cost of a new home increased by 0.71 per cent in May from April, the fastest gain since November, and an acceleration from 0.62 per cent in April on month, according to Bloomberg calculations based on National Bureau of… Source link

Read More
Singapore 

Home tutor pleads guilty to molesting girl after class, Singapore News

As her tuition teacher, he would tell her to stay back to complete her maths homework. But instead of helping her with her sums, the man, who was more than three times the girl’s age, molested her. The 48-year-old Indonesian, who is also a Singapore permanent resident, cannot be named to protect the identity of the victim, who was 15 at the time. The mathematics tutor molested his student on multiple occasions from February to March last year. The divorcee has been a tuition teacher for more than a decade,…

Read More
Home 

Bears gather as data shows Hong Kong home prices retreat for second week after peak in May

Hong Kong home prices were down for a second consecutive week through Sunday, after hitting a record at the end of May, evidence that may suggest a broader correction is underway, according to experts.The Centa-City Leading Index, a home price gauge compiled by Centaline Property Agency, showed prices for lived-in homes dropped 1.43 per cent to 186.26, for the week ended June 9.“The uptrend of home prices has been hindered,” said Wong Leung-sing, senior associate director of research at… Source link

Read More
Home 

Lacklustre Hong Kong new home sales could be boosted by US Federal Reserve interest rate cut

A potential cut in interest rates by the US Federal Reserve in the second half of 2019 will boost sales of new homes in Hong Kong, which have suffered amid an escalating trade war between the United States and China, according to industry observers.Sales of new homes could rise by about 4 per cent to 2,500 in June, said Sammy Po, chief executive of the residential division at Hong Kong brokerage Midland Realty.“A rate cut is positive in light of the recent downbeat sentiment. There will be… Source link

Read More
Property 

The Chinese hotel mogul behind three Nasdaq listings thinks now is the time to head abroad for deals while rivals stay at home

Ji Qi, the hotel mogul who took three Chinese start-ups including the country’s largest online travel agency Ctrip.com to list on the Nasdaq, said now is the time to expand abroad while the competition is being cowed to stay homebound by the trade war and China’s crackdown on freewheeling.Outbound acquisitions have stalled among Chinese companies since April 2017, when regulators put half a dozen highly leveraged asset buyers – including the Anbang Group, CEFC, Dalian Wanda and the HNA Group –… Source link

Read More
Singapore 

Leaving kids alone at home: When is the right age?, Lifestyle, Singapore News

Tragedy of kids who died after falling from their home has struck again. In the latest case on June 4, a six-year-old girl plummeted 11 storeys down to the bottom of her HDB block at Ang Mo Kio. According to The Straits Times, a maid who lives in the opposite block said she heard the girl crying for her father about two hours before her fall. The maid, who gave her name only as Letecia, said: “She was crying for about 10 minutes at about 3pm. I could see her…

Read More