John Morley’s fast-growing agency now has ten branches across London and Asia
In Hong Kong
Hong Kong tops CBRE’s list once again, with London down in eighth place. 30 of the 35 profiled cities have seen residential real estate values rise in the last year, led by a Spanish property boom.
Ken Chu, Chairman & CEO of Hong Kong property developer Mission Hills Group, defends the city-state’s proposed new property tax in the South China Morning Post.
Analysis prompted by last month’s purchase of a spectacular £12m penthouse in Manhattan reveals the FCO currently owns 87 £5m+ properties around the world
Hong Kong has tumbled from first to 22nd place in Knight Frank’s global property price growth table, while Central and Eastern European countries are now out-pacing bigger EU nations.
‘Prime residential real estate values are settling into a pattern of slower, steadier price growth,’ says Savills, ‘and we do not expect to see a repeat of the double-digit annual price growth seen pre GFC.’
Monaco, Hong Kong, New York and London are the most expensive cities per square metre in the world, says Knight Frank.
Residential property prices in the world’s top 100 city and second home markets increased by an average of just 1.3% in the last year, according to Knight Frank’s Prime International Residential Index.
“Hard Brexit, no Brexit, Brexit-lite: whatever the outcome, London will remain the leading global wealth centre in 2019.” London now has more ultra-high net worth individuals than any other global city, and has usurped New York to retake the No.1 position in Knight Frank’s 2019 City Wealth Index.
Luxury comms giant launches Hong Kong and Shanghai offices under the PRCO Asia banner
The South China Morning Post takes a guided tour of the ultra-wealthy Harilela family’s extraordinary complex in Kowloon, which is home to over 90 people…
The number of transactions above HK$20m reached 4,000 for the first time last year in the world’s least-affordable housing market