Showing posts with label HONG KONG PROPERTY. Show all posts
Showing posts with label HONG KONG PROPERTY. Show all posts
Just some short thoughts on Donald Tsang......
So now Donald is the one taking the bullet - sacrificing himself with some kind of scandal to distract the attention from Henry Tang. In Beijing today the focus was "TO UNITE" and build up a harmonious & stable society - so ? The typical CRAP like always ...........Lets bet who will be the next CE of Hong Kong ? Believe me it will be that guy who does not know how to speak properly (not in cantonese& not in english anyhow): Yes - HENRY TANG !Especially this post also wearing the label HONG KONG PROPERTY - think about why .......................Maybe then in the next budget speak every Hong Kong resident wil get a bottle of red wine from Henry ? I want a 1997 Pomerol please !
KINGS CUBE - ABOUT LIVING IN THE CUBE
The idea for the above videa was triggered by this one (only in cantonese) - 400 sqf for HKD 6 Miliion - and it is already very small.
Living in a cubicle in ASIA'S WORLD CITY
This is just reality for many people, families here in Hong Kong. Please read the below - also remember the fire a few days ago in a building with many divided flats killing 4 people because they could not get out in time:
CUBICLE LIFE
CUBICLE LIFE
Sell, buy, rent, lease property in Hong Kong without agent
Here the link to a good site called zero agent property - ZAP !
This is a good idea. The site is quite new so not so many projects listed there and unfortunately
most of them in the typically "expat districts". Lets hope it will get more and more with the time.
Actually it is no need to use some of this agents to sell, buy or rent / lease out your HK property.
Please spread the site it's worth having something like that - please click here:
ZERO AGENT PROPERTY
Please note this link I have put on my blog list on top - use it - spread it - save the money paid to agents for what ?
This is a good idea. The site is quite new so not so many projects listed there and unfortunately
most of them in the typically "expat districts". Lets hope it will get more and more with the time.
Actually it is no need to use some of this agents to sell, buy or rent / lease out your HK property.
Please spread the site it's worth having something like that - please click here:
ZERO AGENT PROPERTY
Please note this link I have put on my blog list on top - use it - spread it - save the money paid to agents for what ?
THIS PROFESSOR IS NUTS......
according to professor Eddie we shall all not complain about the crazy Hong Kong housing prices as there are enough options like public housing or HOS scheme - eeehh sorry professor: Where are you living (def not in Kwung Tong public housing estate or Sham Shui Po cage appartment) - and in what world are you living ? Also professor Eddie not every family of four or five wants to live in a 568 sqf appartment with 2 bedrooms and the whole space is like a bigger shoe-box - means around 40 sqm maximum - I really hate these kind of comments from so-called experts.
And then Eddie suggests to better analyze what "proportion of household income is spent on housing". Okay - do the math Mr Eddie - so families earning HKD 20,000 a month spent how much on housing ? I am waiting your analyzing - but it still will not change the fact that even for the cage homes the rents are almost the most expensive ones in whole Hong Kong.
Have a good day Professor Eddie !
Here is the article copied form THE STANDARD today:
HK top of housing tree
Tony Liaw andEllen Wang
Tuesday, January 25, 2011
Homes in Hong Kong cost more than 11 times average salaries, making them the least affordable among major global cities.
That makes buying a home here "severely unaffordable," said the 7th Annual International Housing Affordability Survey by US-based Demographia.
Meanwhile, prices are set to soar more than 30 percent in the next two years, UBS warned.
The Demographia survey tracked home prices and household income in 325 urban markets in Australia, Canada, Hong Kong, Ireland, New Zealand, Britain and the United States.
The median home price in Hong Kong was HK$2.58 million in the third quarter of 2010 - 11.4 times the median household annual income of HK$225,400. Sydney followed with a multiple of 9.6 and Vancouver with 9.
But local experts dispute the findings. "The survey ignores the fact that there is affordable housing in Hong Kong, like public housing and the Home Ownership Scheme," said Eddie Hui Chi-man, a professor at the Hong Kong Polytechnic University.
Hui said it would be more fair to compare affordability by analyzing exactly what proportion of household income is spent on housing.
A resident of Vancouver said the survey does not take taxation levels into consideration. "The disposable income is limited by heavy tax in Canada, making houses less affordable than in Hong Kong," said Brian Wong, who moved back to Vancouver from Hong Kong last year.
"The price for my apartment almost doubled to C$560,000 (HK$4.38 million) in the past two years, but salaries have not kept pace," added Wong, who makes C$52,000 a year before tax.
Home prices in Hong Kong soared 20 percent last year, backed by prolonged low interest rates, improving economy and more mainland buyers.
Local home prices, meanwhile, are expected to surge 33 percent in two years while inflation may peak at 7 percent this year, predicts Eric Wong Chun-ya at UBS. Rents will also increase 15 percent over the same period.
One of the major drivers for local home prices, Wong said, is surging inflation due to depreciation of the Hong Kong dollar. Inflation this year may go up to 7 percent, leading to a real interest rate of below minus 6 percent, which will drive demand in the property market and push up prices
And then Eddie suggests to better analyze what "proportion of household income is spent on housing". Okay - do the math Mr Eddie - so families earning HKD 20,000 a month spent how much on housing ? I am waiting your analyzing - but it still will not change the fact that even for the cage homes the rents are almost the most expensive ones in whole Hong Kong.
Have a good day Professor Eddie !
Here is the article copied form THE STANDARD today:
HK top of housing tree
Tony Liaw andEllen Wang
Tuesday, January 25, 2011
Homes in Hong Kong cost more than 11 times average salaries, making them the least affordable among major global cities.
That makes buying a home here "severely unaffordable," said the 7th Annual International Housing Affordability Survey by US-based Demographia.
Meanwhile, prices are set to soar more than 30 percent in the next two years, UBS warned.
The Demographia survey tracked home prices and household income in 325 urban markets in Australia, Canada, Hong Kong, Ireland, New Zealand, Britain and the United States.
The median home price in Hong Kong was HK$2.58 million in the third quarter of 2010 - 11.4 times the median household annual income of HK$225,400. Sydney followed with a multiple of 9.6 and Vancouver with 9.
But local experts dispute the findings. "The survey ignores the fact that there is affordable housing in Hong Kong, like public housing and the Home Ownership Scheme," said Eddie Hui Chi-man, a professor at the Hong Kong Polytechnic University.
Hui said it would be more fair to compare affordability by analyzing exactly what proportion of household income is spent on housing.
A resident of Vancouver said the survey does not take taxation levels into consideration. "The disposable income is limited by heavy tax in Canada, making houses less affordable than in Hong Kong," said Brian Wong, who moved back to Vancouver from Hong Kong last year.
"The price for my apartment almost doubled to C$560,000 (HK$4.38 million) in the past two years, but salaries have not kept pace," added Wong, who makes C$52,000 a year before tax.
Home prices in Hong Kong soared 20 percent last year, backed by prolonged low interest rates, improving economy and more mainland buyers.
Local home prices, meanwhile, are expected to surge 33 percent in two years while inflation may peak at 7 percent this year, predicts Eric Wong Chun-ya at UBS. Rents will also increase 15 percent over the same period.
One of the major drivers for local home prices, Wong said, is surging inflation due to depreciation of the Hong Kong dollar. Inflation this year may go up to 7 percent, leading to a real interest rate of below minus 6 percent, which will drive demand in the property market and push up prices
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