News
January Asia Property Market Daily Briefing
January, 2016
Week I Week II Week III Week IV
Week IV
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Hong Kong tops world’s most unaffordable housing market list in 2015, according to research institute Demographia’s study. It is followed by Sydney, Vancouver, Melbourne and Auckland, the five cities are world's most expensive places to own a house for 2015. Hong Kong’s median house price HKD 5.56million (USD 715,000) is 19 times over its resident’s median annual household income HKD 269,000 (USD 34,575) (Jan 25th)
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Ascott Residence Trust’s (Ascott Reit), the wholly owned subsidiary of Southeast Asia's biggest developer CapitaLand, reported revenue in the fourth quarter rose 26 percent year on year to SGD 119.2 million, mainly driven by the revenue boost from its first acquisition in New York. (Jan 26th)
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