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Luxury Property Market Blog By Landscope
Everything about Landscope and the Hong Kong luxury property market
January 12, 2012
Market Realities
Filed in Market Watch
2012 started with a gloomy outlook amid the hitherto unresolved Euro debt crisis and China’s decelerating economy; as investment sentiment in Hong Kong hit a low in recent years. It has become a majority view that the local economy will slide for the whole of this and possibly next year too. Against this backdrop, investors are staying put and end users are pushing back purchase decisions. In the high-end residential market, desperate sellers are widening negotiation margins to 10 per cent or more, where they used to be no more than five per cent.
December 9, 2011
London calling
Filed in Market Watch
Amid the global financial turmoil and associated property downturn, London is perhaps one of the few remaining bright spots. Investment funds pour into this financial hub, now a safe haven for capital from all over the world. The rollercoaster ride of the worldwide equity markets stemming from the Euro crisis has sent shockwaves through most western economies – and caused jitters in Asia as well, resulting in the withdrawal of capital, some of which is finding its way into mature, stable real estate markets like London.
November 23, 2011
Happy Valley low-rise apartment sold for $18,200,000
Filed in Corporate News
Landscope Realty announces the sale today of a low-rise apartment at Full View Court 7-9 Happy View Terrace, Happy Valley for $18,200,000.
November 9, 2011
Brace for a long, cold winter
Filed in Market Watch
The Euro debt crisis continues without any sign of abating. After some stunning twists and turns, Greece has finally agreed to the salvage plan offered by the EU. But just when EU heads are breathing a sigh of relief, Italy with its worsening debt situation is poised to drag the EU into another round of chaos. Spain and Portugal fare no better; the Euro debt crisis seems to have no end in sight. This has dealt a blow to a weak US economy, which was showing signs of a mild and slow recovery.
October 8, 2011
Market Woes
Filed in Market Watch
The Hong Kong stock market in the last four weeks has seen one of the most turbulent periods in its history. The Hang Seng Index has stunned the market with rollercoaster rides since early September, plummeting almost 20 per cent from over 20,000 to 16,250 before bouncing back marginally.
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- Market Realities
- London calling
- Happy Valley low-rise apartment sold for $18,200,000
- Brace for a long, cold winter
- Market Woes