Hong Kong Parking Costs $ 387000 as Cash Moves From Homes – Bloomberg
Article from Hong Kong Parking Costs $ 387000 as Cash Moves From Homes – Bloomberg:
Investors reacting to the Hong Kong government’s campaign to curb home buying in the world’s most expensive market are shifting money into parking spaces, pushing up prices that in high-end neighborhoods can match the cost of two U.S. homes.
The average price of a previously owned parking spot in residential complexes rose 6.7 percent to HK$ 640,000 ($ 82,600) in the third quarter, the second highest on record, from the prior three months, according to Centaline Property Agency Ltd. A space in the exclusive Repulse Bay area sold in May for HK$ 3 million ($ 387,000), the most for a single transaction and more than double the median U.S. home price, according to CarparkHK.com, a website that tallies parking-spot information.
Hong Kong Chief Executive Leung Chun-ying has unveiled three major sets of curbs on home buying since taking over in July, amid concerns that continued U.S. stimulus would attract more funds into the city and fuel an asset bubble. Apartment Hong Kong Parking Costs $ 387000 as Cash Moves From Homes – Bloomberg
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RLPC-UK home builder McCarthy set for sale, refinancing
Article from Reuters:
LONDON |
LONDON Nov 26 (Reuters) – British home builder McCarthy & Stone is set for a sale, an initial public offering (IPO) or a 500-million-pound ($ 800 million) loan refinancing three years after it was taken over by lenders in a debt-for-equity swap.
The company, which builds retirement homes, has appointed financial advisor Moelis & Company to conduct a strategic review of the business, McCarthy said in a statement on Monday.
The results of the review will be presented by the end of January following a consultation by Moelis with all major stakeholders, it added.
The main stakeholders include the company’s lenders, which acquired McCarthy & Stone in a 2009 debt restructuring after it fell into distress.
The home builder was left unable to service its debt – taken as part of its 1.1 billion pound 2007 takeover by Bank of Scotland and entrepreneurs including Tom Hunter – after the housing market…………………continues on Reuters
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Homebuilder sentiment, home sales, prices jumping
The National Association of Realtors also said Monday that sales of previously occupied homes rose solidly in October, helped by improvement in the job market and cheap mortgages. Sales rose 2.1% to a seasonally adjusted annual rate of 4.79 million.
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SALE Valentine Button Bracelet SALE
Valentine’s Day Gifts for all your Party Guests! The Valentine Plug Bracelet is the perfect toy to fill your goody bags with at your Valentine’s Day party or event. Sale items are non returnable. 8 1/4″ long rubber bracelet. Two snap button sizes. Bracelet comes with three Valentine button plugs. Assorted styles. Mix and match the buttons! Valentine’s Day favors, toys and gifts for all your Valentine Party guests. Let your guests take home Valentine’s Day favors to remember the party. Let love be your guide in picking out the perfect Valentine gifts for all your guests. Part of Holidays > Valentine’s Day > Favors, Toys, Gifts
List Price:
Price: 1.98
Source:
http://www.realestateconsumertips.com/2012/11/26/hong-kong-parking-costs-387000-as-cash-moves-from-homes-bloomberg/