Residential real estate may be down, but it isn't out

Article Abstract:

Mixed trends prevail in Asia's residential property markets. While prospects are quite bleak in terms of residential real estate prices in the Philippines and China due to a glut in residential property, Hong Kong and Singapore represent good opportunities for property investment. Real estate prices in Hong Kong fell by 47% from a peak in Jul 1997, while property prices in Singapore have declined by 30% to 40% since the Asian contagion in 1997. South Korea, for its part, abolished all restrictions on foreign investment in property, but has failed to entice foreigners to buy South Korean property.

Asia, Real estate industry

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Green with envy: prime jadeite scarce as mines thin out

Article Abstract:

Quality jadeites are becoming scarcer as mines in northern Myanmar, the sole source of the most translucent of jades, fail to produce the coveted stones. As a result, more lower-quality, color-treated gems are being passed off as jadeites. Prime jadeite international trader, Jadeite Collection Ltd is finding it difficult to obtain even a single slab of the gem. Other firms such as the auction houses of Christie's and Sotheby's are also having difficulties finding jadeites to be sold at auctions in Hong Kong.

Natural resources, All Other Nonmetallic Mineral Mining, Myanmar, Gems NEC, Supply and demand, Jewelry industry, Mineral deposits, Mines and mineral resources, Mining, Gems, Precious stones, Jadeite (Petrology), Jadeite

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Land auctions are expected to resume in Hong Kong; government is asking developers for early commitments on sites and bidding fees

Article Abstract:

The Hong Kong government is ironing out the guidelines pertaining to land auctions that will be held presumably in Apr 1999. The new guidelines are intended to guarantee robust prices from both small and large developers. Developers are being asked for early commitments on sites, after which they will have to pay for the right to bid. However, since big developers have larger capital than small developers, they may have an influence over the sites that would be auctioned.

Government regulation, Hong Kong, Laws, regulations and rules, Economic policy, Real property, Auctions

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