Wednesday , April 26 2017

Real Estate

Hong Kong home prices near peak as risks mount

epa05794551 A general view of commercial and residential buildings as seen from Victoria Peak in Hong Kong, China, 15 February 2017. The city skyline on the Hong Kong island side features a dense concentration of residential and commercial buildings where many international banks have their headquarters.  EPA/JEROME FAVRE

  Bloomberg Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have outpaced Hong Kong’s gross domestic product growth “significantly” since 2009, ...

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Bloom Properties to lease 225 residential flats in Abu Dhabi

Bloom

  Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding subsidiary dedicated to developing sustainable and integrated urban communities, announced the leasing of 225 exclusive upscale residential apartments in Bloom Marina, the premium waterfront destination located in Abu Dhabi’s Marina Al Bateen area. Bloom Residences consists two residential buildings ...

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Australia regulators may increase lending curbs amid home boom

Australia may increase lending curbs amid home boom copy

  Bloomberg Australian regulators may take further steps to rein in mortgage lending amid growing concern booming home prices pose a risk to the financial system. Restrictions on interest-only loans announced last week were a “tactical response” to growth in lending to property investors, Australian Prudential Regulation Authority Chairman Wayne ...

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