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Author Topic: Hong Kong property prices 'quite frightening' 459  (Read 10 times)
conghai6647
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« on: February 03, 2012, 10:39:49 AM »

Hong Kong property prices 'quite frightening' By Daniel Petrie and Kelvin Wong (China Daily)
 Updated: 2011-06-18 10:48 2011-06-18 10:48:30.0Daniel Petrie and Kelvin WongHong Kong property prices 'quite frightening'property,prices,Hong Kong,China,chaussure tn,bubble11010460Economy2@webnews/enpproperty-->
Hong Kong Chief Executive says current cost is 'quite frightening'
Hong Kong - Hong Kong home prices are "quite frightening" as growing wealth in the Chinese mainland fuels increases of 2 percent a month, according to the city's Chief Executive Donald Tsang.
"Over the last 30 months, property prices are growing in Hong Kong at a rate of 2 percent a month, which is quite frightening,モンクレール レディースコート," Tsang said in an interview in Melbourne on Friday.
Chinese buyers of Hong Kong property are exacerbating the territory's shortage of land for development,louis vuitton, he added.
 
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During the past year,sac hermes, Tsang and other government officials have warned of an asset bubble in the city, where home prices have surged more than 70 percent since the beginning of 2009 on record low interest rates and an influx of buyers from the Chinese mainland.
Since late 2009, the government has raised minimum downpayments and deposits for mortgage borrowers,longchamp pas cher, increased land supply and imposed extra transaction taxes to curb real estate value.
Buyers from overseas and other Chinese cities accounted for about a third of luxury-home transactions in the first quarter of this year, according to Centaline Property Agency Ltd, the city's biggest privately held realtor.
Savills PLC ranks Hong Kong as the most expensive place to buy an apartment.
The most recent measures, announced a week ago,air jordan, include requiring borrowers whose income is primarily from outside Hong Kong to deposit an extra 10 percent when they buy properties unless they can demonstrate a "close connection" with the city.
The Hang Seng Property Index, which measures the stock performance of seven Hong Kong developers, headed for a 2 percent drop this week, extending this year's decline to 9.7 percent. The benchmark Hang Seng Index is down 5 percent this year.
The property market has been "volatile" since November and there are signs of "renewed exuberance" after the market cooled down in March and April,franklin marshall, Norman Chan, the chief executive of the Hong Kong Monetary Authority, the city's de facto central bank, said in a June 10 briefing announcing the measures.
Chan earlier warned about the risk of a "credit-fueled property bubble".
Property transactions fell for a fifth straight month in May after Hong Kong banks, including HSBC Holdings Plc, began raising mortgage lending rates in October.
Still, home prices of Hong Kong gained 1.3 percent in the week ended June 5 from the previous seven days, according to Centaline.
Prices may drop by between 10 percent and 20 percent in 2012, and a further 10 percent in 2013 on rising rates, Andrew Lawrence, a Hong Kong-based analyst at Barclays Capital, said last week.
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cnetfav88
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« Reply #1 on: February 05, 2012, 10:30:18 PM »

The reporter Guo Zhikun intern reporter Zhang Guanjie text /
 
 Qingyuan County, Baoding City, North horses in the Village, young 28 year-old blind king of the red flag, go to the market to sell some Zhentouxiannao rely on every day of small things, not only to feed themselves , also has to take care of the 92-year-old grandmother. Two great-grandfather 20 years of each other, this mutual support,Sony VPCZ134GX/S Silver, staying true feelings touched countless local people. 
 1
 
 28-year-old blind man by the young go to the market to earn money to support their families
 
 Wang Hongqi is a congenital blind,HP EliteBook 2740p XT936UT, he was two years old when my mother died, this turn of events This was originally a heavy blow to the happy family. Soon his father went to the field,Sony HDR-CX500V, where the establishment of a new family, with little return to this house. Leaving her two year old little red flag and sixty-year-old grandmother. A two old families to small, there is no source of income to the already difficult family worse. Sixty-year-old grandmother struggling to prop up this house, devoted to the little red flag brought up. 
 small red flag now grown up, have long life grandmother shoulders the burden from the football over. In order to support themselves and their grandmother, he went every day to go to the market, to sell some of the children and thread rubber band or something. He go to the market place or in Qingyuan Qingyuan County Lixian junction, 1 hour to go 2.5 km road to the junction of Qingyuan County and Lixian go to the fair, took almost 20 kilometers away, one way you need to take seven eight hours. Winter frost cold days to come, bring something to sell,Panasonic AG HMC70, the red flag early in the morning the king went out,Canon Vixia HF G10, groping all the way, move forward. 
 finally to go to the market place, Wang Hongqi, the. In the process,Panasonic AG HVX205A, he did not know how much money people gave him, he took other people do not know how much. How people say how he would do. He put 10 cents,Sony HDR-CX7, 50 cents,Sony PDW-700, $ 1, $ 5 coins were placed in different pockets,Sony Z133GX/S Silver, so you can collect the money and give change of their own. Hit the line good also, if the children met some naive, Wang Hongqi will be bullied. 
 even if the hard, red or adhere to the king go to the fair every day,ASUS NX90JQ-B1, no matter how hard way to go, for how late. Because he knows, there is a home waiting for his grandmother. This day,www.cnetau.com, Wang Hongqi, and grandmother had each gone through a sunset to sunrise, winter to spring. 
 2
 
 to give up city life to care for her grandmother
 
 more and more people aware of the blind king of the red flag go to the market breadwinner own thing, there have been a good-hearted people want to help them Zusun Liang. 
 According to a neighbor introduced some time ago, there was a kind of red flag brother the king heard something very touching, wanted to help them. Brother to the king who received a red flag to learn blind massage Baoding,Canon XL H1S, so the king could acquire a red flag craft, with their own efforts to improve life. 
 no one would have thought that less than two weeks, Wang Hongqi his back. Neighbors wondered. Wang Hongqi said, Whenever I eat,Canon EOS 7D, I was thinking who to grandmother cook? she eat? outside when I heard the wind, I just want to shut the door grandmother did? these things that I really worry high, so I came back in the home, although eating well, and the house was cold, but in one and grandmother,Apple MacBook Pro 2009, and my heart at ease. The poor life
 
 Wang Hongqi, 28, has 92-year-old grandmother, they lived in one of only two dilapidated brick inside. As the summer often leaking, good-hearted people helped spread a layer of black on the roof of plastic sheeting, plastic sheeting on the exposed edges, very eye-catching. Inside four walls, without a decent furniture, a wok on the outer room of the ground,Canon XL1, the back room of the table was some bread. Windows or papered, just on the outside add a layer of white plastic sheeting, so that both wind and rain, the house will not be too dark. Now is the winter, because not fire, the room frosty. 
 have a yard with a few simple shelter of the old brick stove. In peacetime, Zusun Liang will use the stove and only a wok at home, hot water on the bread and eat up. 
 reporter asked Wang Hongqi, your eyes see nothing, their lives are difficult, but also to support his elderly grandmother,Canon XF-105, is not that life is very hard? He replied: found that he loves to laugh,Sony Z133GX/B, very cheerful personality. Reporters asked, 
 4
 
 good people love dumplings home package
 
 Baoding, People First members of the League of loving love to hear what the red flag after the king,ASUS G53JW-3DE, were very moved,Sony Z135GX/S, had many went to see Wang Hongqi. A celebration soon,Panasonic AG HVX200A, and everyone thought the king invariably red,Canon EOS 7D 70-300MM Lens, red king decided to go home dumplings. 
 1 月 15,Canon GL1, 9 am, and we put a good face, dumplings, rice, cotton quilts and other things from the new starting Baoding, Qingyuan County, North horses rushed Village. Ma arrived in North Village, have long found the king standing outside waiting for a red flag. Everyone back to the house of his own cluster, to help him put a new coat. Because his family's house is too small, we just next door to their dumplings. You strip chock enthusiasts, men and children's skin roll, dumplings woman, soon to wrap up. Sister Zhi Alliance as part of dumplings under the pot, leaving a part of the so Zusun Liang eat tomorrow. 
 looked red Zusun Liang eating dumplings warm, caring members of the League felt was very warm. When we left, the king sent us to the big red door, stood long, long time ... ...
 
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