On March 21, the International Housing Affordability report released by Demographia, an international public policy consultancy, showed that Hong Kong topped the list of the world’s most unaffordable cities for housing for the 12th consecutive year, based on the median house price divided by the median household income. Hong Kong’s house price to income level…
New York Commercial Properties to Retain High Value Despite COVID-19 Lockdowns
February 20, 2022
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Commercial property in New York has retained much of its value despite the economic turmoil of the past two years, according to an analysis of the city’s budget. For the fiscal year 2020/2021, the NYC administration estimated the value of its commercial buildings to be $326 billion based on January 2020 numbers. For the fiscal…
Even in Tech Hub Shenzhen, China’s Property Market Succumbs to Chill
SHENZHEN, China—Life used to be good for Jerry Tang, who left his rural hometown in 2014 to become a real estate agent in Shenzhen, China’s tech megacity and one of the world’s hottest property markets. Just a few years ago, Tang could make up to 50,000 yuan ($7,800), in a good month, selling apartments. Last…
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