(Published by South China Morning Post, 21 Jul 2010) Just over a year ago, the headline price for 39 Conduit Road was HK$71,280 per square foot, but recently the developer announced that all but four of the 24 properties sold for record prices had fallen through. While the market is still asking whether there were any back-room deals, others are raising a more fundamental question: Is there a standard for valuing flats sold in the primary residential market?
(Published by South China Morning Post, 07 Apr 2010) To the pleasant surprise of many, global economies are recovering at a much faster rate than that predicted by the professional pundits. Evidence of this came in Hong Kong last week when the president and chief executive of the Federal Reserve Bank of Chicago, Charles Evans, revealed that the Fed was likely to raise short-term interest rates without necessarily waiting for a significant improvement in the unemployment rate as it expected the number of unemployed to remain high for an extended period. The implications for Hong Kong mortgagors will be quite significant.