12 Facts & Figures to Know About the Global Property Market

Posted in Market Report

HK$916 million

Purchase price for House 15 at Mount Nicholson, paid by the 22-year-old CEO of Causeway Education Matthew Cheung Siu-woon (HK$105,603 per square foot for 8,674 square feet).

1.5 per cent

The fall in the average price of Hong Kong town houses during the second quarter of 2019, according to Savills.

Hong Kong is strong

Hong Kong remains the world’s most expensive luxury property market, according to Christie’s International Real Estate — but Los Angeles might overtake it soon.

0.3%

The overall rise in Hong Kong luxury property prices during the first quarter, according to Knight Frank; global growth was 1.3%, the lowest in a decade.

HK$3.5 billion

The highest asking price for a property in Hong Kong history, for 24 Middle Gap Road on The Peak.

S$73.8 million

Singapore’s most expensive apartment, a 21,000-square-foot triplex in Guoco Tower, the city’s tallest building, bought by British entrepreneur James Dyson.

650,000

The number of condos lying empty in Thailand, with developers in Bangkok reporting take-up rates of 55 per cent and asking prices down 6% year on year.

20%

The down payment now required in Thailand on homes worth more than 10 million baht and all second homes, under new government rules introduced earlier this year.

10%

The discount given to buyers by a range of luxury developers in Malaysia under the National Home Ownership Campaign 2019, which has been extended until the end of the year.

US$500 million

The price of the world’s most expensive property for sale, the 100,000-square-foot, 20-bedroom, 30-bathroom The One in Bel Air, Los Angeles.

250 million euros

The asking price for a mansion next to the Eiffel Tower, of which the reclusive owners have stipulated that no interior photos be published.

6%

Growth forecast for 2019 by Knight Frank in what it considers to be the world’s four fastest-growing prime residential markets: Madrid, Paris, Berlin and Cape Town.

Staff Writer