01-08-2013, 09:42 PM
Singapore property market has not enters 'ice age' yet...
HK developers turning blue as property market enters ‘ice age’
HONG KONG – Government cooling measures to rein in Hong Kong’s property market are finally taking a toll on the city’s powerful developers and industry watchers forecast prices could drop by up to 15 per cent in the second half of this year.
Weak property sales at conglomerate Cheung Kong (Holdings), controlled by Asia’s richest man, Mr Li Ka-shing, confirmed that a series of tightening steps are weighing on companies’ bottom lines and taking the heat out of one of the world’s most expensive real estate markets.
http://www.todayonline.com/business/hk-d...rs-ice-age
HK developers turning blue as property market enters ‘ice age’
HONG KONG – Government cooling measures to rein in Hong Kong’s property market are finally taking a toll on the city’s powerful developers and industry watchers forecast prices could drop by up to 15 per cent in the second half of this year.
Weak property sales at conglomerate Cheung Kong (Holdings), controlled by Asia’s richest man, Mr Li Ka-shing, confirmed that a series of tightening steps are weighing on companies’ bottom lines and taking the heat out of one of the world’s most expensive real estate markets.
http://www.todayonline.com/business/hk-d...rs-ice-age