Property 

Mainlanders, Hongkongers increasingly looking to work and buy homes in Beethoven’s Vienna. But it is not easy to pull off

Hongkongers and mainland Chinese are increasingly looking at working or buying a home in Vienna, rated as the world’s best city to live in. But it’s not easy to pull off: you need a job, or to make a US$3.1 million donation or US$8.8 million investment (buying a home doesn’t count).Despite the high bar to get to live in Austria’s capital, whose residents have included Mozart and Beethoven, residential property agents say they are getting more inquiries from Hong Kong and mainland China.“As… Source link

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Property 

Abandoned €1 homes for renovation in Italy are attracting the attention of Chinese, Hongkong investors

If you fancy turning a derelict house in the Italian countryside into your dream home, and happen to have one euro to spare, then you may be in luck.Abandoned homes in need of a makeover are being sold for just € 1 (US$1.10) under a scheme run at local government level seeking to revitalise depopulated towns and villages in rural areas of the country. The buyer must agree to restore the house within a set time, bearing all associated costs.The initiative is starting to catch the eye of Chinese… Source…

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Home 

Prices of Hong Kong’s lived-in homes drop in July, in second straight month of retreat as public unrest, trade war continue to bite

Prices of Hong Kong’s lived-in homes declined 0.1 per cent in July, the second straight month of retreat as the city continued to reel from an escalating political crisis and the US-China trade war. The drop was slower than the 0.6 per cent slide recorded in June, but nevertheless deviated from the general uptrend in the first five months of the year. The decline was recorded in a month marked by political tension that reached a fever pitch in the city as protests over the widely feared but… Source link

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Home 

‘Brexit fatigue’ spurs buying and selling of London homes, leading to asking prices posting their first annual increase in two years

Asking prices for London homes showed their first annual increase since 2017 this month, as the Brexit-battered market started to show signs of life.New seller prices were up 1.3 per cent from a year earlier, property website Rightmove Plc said in a report published Monday. They eased just 0.1 per cent on the month, the smallest decline for any August since 2006.Rightmove said a shortage of supply is helping to underpin prices, with the number of new sellers down almost 11 per cent on the year… Source link

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Singapore 

10 design firms that create contemporary homes in Singapore, Lifestyle, Singapore News

#TeamContemporaryHomes, where you at? A contemporary and a modern home is not one and the same. The modern concept borrows from a time that has already passed (i.e. styles from the 1950s and 1960s) while contemporary design is all about the present – think sleek and on-trend finishes. Because contemporary interiors follow what’s in vogue, they are highly sought after in Singapore. That being said, we’ve done the legwork for you and put together a list of interior firms that specialise in creating these fashionable spaces. 1. ICON INTERIOR DESIGN…

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Home 

Billion Development prices Tsuen Wan project at 10pc discount to lived-in homes as Hong Kong’s property market reels from protests

Billion Development and Project Management on Tuesday released the first batch of flats at its Tsuen Wan project at discounts of up to 10 per cent to rates prevailing in the district, in the first sign that two months of unrest in Hong Kong is having an impact on property prices.The Hong Kong builder unveiled 238 flats at the 840-unit The Aurora in the western New Territories, even as sales of secondary homes dropped to a nine-month low, with 48 deals concluded last week, according to a report… Source link

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Property 

Singapore’s new homes widen their price gap over older real estate, buoyed by interest from foreign buyers

As the political unrest in Hong Kong has taken a violent turn, there is growing unease among the wealthy. A side-effect has been an increase in enquiries and expressions of interest about buying residential property in Singapore from private bankers in Hong Kong, according to some property agents.“It’s not just private bankers inquiring on behalf of their clients in Greater China including Hong Kong, but the private bankers themselves are house-hunting in Singapore too,” said Ken Low, managing… Source link

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Home 

Hong Kong’s index of used homes fell in June as trade war, public unrest combine to stifle property market bull run

The prices of Hong Kong’s lived-in homes dropped by 0.8 per cent in June, as the year-long US-China trade war and unprecedented levels of public unrest combined to send property buyers to the sidelines, ending a five-month bull run in the city’s real estate market.The price index of used homes fell to 393.7, according to the Rating and Valuation Department’s data. Property analysts said the decline will accelerate in the coming months.“The index will still adjust downwards in the next one to… Source link

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Hong Kong’s inventory of unsold residential property rises to a decade-high of 10,000 homes as trade war, protests deterred buyers

Hong Kong’s inventory of unsold residential property rose to the highest in more than a decade, as uncertainties brought by the US-China trade war and the city’s ongoing political unrest deterred buyers from big-ticket purchases.The figure stood at 10,000 unsold homes at the end of the second quarter, 1,000 units more than the end of March, according to data by the Transport and Housing Bureau.The expanding stock – fewer than Hong Kong’s first-half home sales – underscores the proposal by Chief… Source link

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Home 

Chinese investment in US homes contracts by the most in nearly 10 years as trade war, capital controls bite

Chinese buyers pulled away from the US residential market in the past year, as the trade war and tighter capital controls led to a 56 per cent decline in investment – the biggest contraction since at least 2010, according to the US National Association of Realtors.Still, their investment of US$13.4 billion in the 12 months to March 2019 was the largest – 11 per cent – among all foreign buyers for the seventh straight year. But China’s 56 per cent retreat was much sharper than the 36 per cent… Source…

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