Hong Kong's property industry is jarred over prices
Article Abstract:
Real estate industry members in Hong Kong are urging Chief Executive Tung Chee Hwa to revive its land-sale policy as interest and mortgage rates continue to hinder consumers from acquiring affordable houses. Tung's land policy, which is aimed at addressing the region's housing problems, calls for the appropriation of 85,000 new housing facilities for a period of five years. Real estate agents cited the fact that recent economic conditions are not conducive to residential development, as mortgage rates increased by an alarming 10.5% and stock prices continue to be volatile.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Small companies pinched by antsy creditors, flat markets
Article Abstract:
Numerous small developers are still being squeezed by heavy loan payments and wavering cash flows as prospects seem to be lightening for Hong Kong's bigger developers. Interest rates have declined, banks are making additional mortgage loans and consumers seem to be interested in purchasing again. In several assessments, a maximum of 25 small property firms are very much in trouble with their bankers and may have to begin selling property to raise cash.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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The bubble and the rubble of sprawling Kuala Lumpur
Article Abstract:
A real estate development and building boom ended in Kuala Lumpur, Malaysia, due to the 1997 Asian financial crisis. Demolitions of prewar buildings have continued to be put on on hold, and conservationists are actively trying to save some of the historic structures and prevent further rapid development.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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