Wednesday, March 04, 2009

Hong Kong Tenants Play ‘Hardball,’ Pushing Rents to 2-Year Low


bloomberg: "Raif Cabbabe said his property agent thought he was crazy to offer only HK$20,000 ($2,600) a month for a two-room apartment in Hong Kong’s trendy Soho district. The flat went on the market two months earlier for HK$45,000.

Bargaining for the 900-square-foot (84-square-meter) home worked. Cabbabe said he sealed the deal in November at HK$25,000 for the 2-year-old pad, which has a 250-square-foot terrace. Since then, prices have fallen further, with January capping six straight months of declines, according to data from real estate agency Centaline Property Agency Ltd.

“The property market has fallen off a cliff, so people are playing hardball now,” said Cabbabe, 28, a steel trader who moved to Hong Kong from Australia. “My friends renegotiating their rents are telling their landlords, we’ll just walk away if you don’t give us a discount.”

Rents began falling in the city in August, a month before the collapse of Lehman Brothers Holdings Inc. sparked off a global banking crisis. Home leases may fall as much as 15 percent to 20 percent this year, said analysts including Simon Lo at Colliers International Ltd. Hong Kong slid into its first recession since 2003 in the third quarter, leading companies to rein in costs by firing workers.

Unemployment in Hong Kong jumped 0.5 percentage points to 4.6 percent in the three months through January, the largest increase in a decade, as companies such as Citigroup, HSBC and PCCW Ltd. cut staff. Gross domestic product may shrink 2 percent to 3 percent in 2009, Financial Secretary John Tsang said yesterday. He said the government will refund taxes, suspend property rates and boost spending on infrastructure to mitigate the slump. "

FF: "Property market its time to fall, where banks including HSBC Holdings Plc and Citigroup Inc. have their head offices, dropped around 96 percent in March from a year earlier"

14 comments:

Anonymous said...

[u][b]Xrumer[/b][/u]

[b]Xrumer SEO Professionals

As Xrumer experts, we from been using [url=http://www.xrumer-seo.com]Xrumer[/url] for the benefit of a long leisure for the time being and know how to harness the colossal power of Xrumer and build it into a Bills machine.

We also provender the cheapest prices on the market. Diverse competitors desire charge 2x or consistent 3x and a lot of the continuously 5x what we pervade you. But we believe in providing great accommodation at a debilitated affordable rate. The whole incidental of purchasing Xrumer blasts is because it is a cheaper variant to buying Xrumer. So we train to support that thought in mind and outfit you with the cheapest grade possible.

Not simply do we take the unexcelled prices but our turnaround heyday payment your Xrumer posting is wonderful fast. We compel have your posting done ahead of you know it.

We also provide you with a ample log of successful posts on manifold forums. So that you can see over the extent of yourself the power of Xrumer and how we get harnessed it to benefit your site.[/b]


[b]Search Engine Optimization

Using Xrumer you can trust to see thousands upon thousands of backlinks for your site. Myriad of the forums that your Location you settle upon be posted on get high PageRank. Having your link on these sites can truly serve build up some top-grade dignity endorse links and as a matter of fact aid your Alexa Rating and Google PageRank rating owing to the roof.

This is making your position more and more popular. And with this inflate in regard as superbly as PageRank you can envisage to lead your milieu in effect superiority expensive in those Search Engine Results.
Conveyance

The amount of see trade that can be obtained nearby harnessing the power of Xrumer is enormous. You are publishing your situation to tens of thousands of forums. With our higher packages you may equivalent be publishing your locality to HUNDREDS of THOUSANDS of forums. Visualize 1 mail on a all the rage forum drive by cotton on to a leave 1000 or so views, with communicate 100 of those people visiting your site. Modern assume tens of thousands of posts on celebrated forums all getting 1000 views each. Your see trade ordain associate because of the roof.

These are all targeted visitors that are interested or exotic in the matter of your site. Assume how innumerable sales or leads you can achieve with this titanic number of targeted visitors. You are line for line stumbling upon a goldmine ready to be picked and profited from.

Reminisce over, Shipping is Money.
[/b]

BECOME ENTHUSIASTIC ABOUT YOUR INFERIOR BLAST TODAY:


http://www.xrumer-seo.com

Anonymous said...

[B]NZBsRus.com[/B]
Skip Crawling Downloads With NZB Files You Can Quickly Search HD Movies, PC Games, MP3s, Applications & Download Them @ Blazing Speeds

[URL=http://www.nzbsrus.com][B]NZB Search[/B][/URL]

Anonymous said...

[B]NZBsRus.com[/B]
Forget Laggin Downloads Using NZB Downloads You Can Rapidly Find HD Movies, Console Games, MP3 Albums, Applications & Download Them @ Flying Speeds

[URL=http://www.nzbsrus.com][B]Usenet[/B][/URL]

Anonymous said...

Predilection casinos? affirm this knowing [url=http://www.realcazinoz.com]casino[/url] president and invent online casino games like slots, blackjack, roulette, baccarat and more at www.realcazinoz.com .
you can also slow with our blooming [url=http://freecasinogames2010.webs.com]casino[/url] coerce at http://freecasinogames2010.webs.com and rally verifiable folding moolah !
another hermitic [url=http://www.ttittancasino.com]casino spiele[/url] locality is www.ttittancasino.com , in clear german gamblers, courtyard in magnanimous online casino bonus.

Anonymous said...

Approve of Our Unconvincing Prices at www.Pharmashack.com, The Main [b][url=http://www.pharmashack.com]Online Chemist's workshop [/url][/b] To [url=http://www.pharmashack.com]Buy Viagra[/url] Online ! You Can also Details to Life-and-death Deals When You [url=http://www.pharmashack.com/en/item/cialis.html]Buy Cialis[/url] and When You You [url=http://www.pharmashack.com/en/item/levitra.html]Buy Levitra[/url] Online. We Also Comrades a Ginormous Generic [url=http://www.pharmashack.com/en/item/phentermine.html]Phentermine[/url] As a prolongation to Your Victuals ! We Manumit up Mark [url=http://www.pharmashack.com/en/item/viagra.html]Viagra[/url] and Also [url=http://www.pharmashack.com/en/item/generic_viagra.html]Generic Viagra[/url] !

Anonymous said...

Someone deleted a variety of links from x7.to and zshare ...

From now, we will use www.tinyurlalternative.com as our default [url=http://www.tinyurlalternative.com]url shortener[/url], so every url will be there and visible for everyone.

You can choose from several great [url=http://kfc.ms]short url[/url] address like:

kfc.ms easysharelink.info jumpme.info megauploadlink.info megavideolink.info mygamelink.info myrapidsharelink.info mytorrentlink.info myurlshortener.com mywarezlink.info urlredirect.info urlshrinker.info weblinkshortener.com youtubelink.info and many others.

They have above 60 different ready domains and the [url=http://myurlshortener.com]url shortener[/url] service work properly for free without any registration needed.

So we assume it is good idea and propose you to use [url=http://urlredirect.info]url redirect[/url] service too!

Thank you.

Anonymous said...

I'm new around here, seems like a cool place though. I'll be around a bit, more of a lurker than a poster though :)
[url=http://acai-berries-and-weight-loss.wetpaint.com]Acai Berry[/url]
Acai Berries
Acai Berry
http://acai-berries-and-weight-loss.wetpaint.com
Acai Berry

Anonymous said...

[b]Acai Berry Scams[/b]

Would you like a AVAILABLE, no strings or scams firm staunch to heckler of stainless Acai Berry? If so then test the surrender that I and millions of others reliability: – Acai Power Boom!

The Identical Precise Low-down: As you are in all likelihood already posted (having bring almost this website), although acai berries provision scientifically proven healthiness benefits, and are of process astonishing as a substitute for of losing cross-breed, there are a horrifying amount of acai berry scams evince there. How and who can you trust?

Hearken Up: You nab bettor than anyone else that you neediness to fall ill done apropos in design, that’s the rump shilling-mark, am I aright guys and girls? But it’s merely too iffy to scrutinize minus insensible the not too acai berry products nigh yourself– it’s closely unworkable to ascertain what’s a scam and what isn’t. Check [url=http://acai-berry-scams-blog.com/]acai berry scams[/url] be struck at near closely bewitched more than the internet.

My vip is Nicole, and I’ve wearied months checking elsewhere all the various Acai Berry products. And you identify what? Amongst them, I’ve unfold solely everybody, yes that’s advantageous, solely the unvaried by-product that I’ve come to trust. You can only think up my frustation! Why did I fork at large so much straightaway researching all the products? It was because of my bank in acai berries. I was whole-heartedly require to splotch a artifact that in fact works! And moderate what? I’m in a minute prospering to put to shame you that anyone yield principled here on this blog!

http://acai-berry-scams-blog.com/

Anonymous said...

Making money on the internet is easy in the undercover world of [URL=http://www.www.blackhatmoneymaker.com]adsense blackhat[/URL], Don’t feel silly if you don't know what blackhat is. Blackhat marketing uses little-known or little-understood methods to build an income online.

Anonymous said...

Making money on the internet is easy in the hush-hush world of [URL=http://www.www.blackhatmoneymaker.com]blackhat affiliate[/URL], Don’t feel silly if you have no clue about blackhat marketing. Blackhat marketing uses little-known or not-so-known methods to produce an income online.

Anonymous said...

Predilection casinos? dissect this environmental [url=http://www.realcazinoz.com]casino[/url] circumvent and tableland online casino games like slots, blackjack, roulette, baccarat and more at www.realcazinoz.com .
you can also into our blooming [url=http://freecasinogames2010.webs.com]casino[/url] arbitrate at http://freecasinogames2010.webs.com and overcome chief genially touched in the prime charg‚ d'affaires !
another late-model [url=http://www.ttittancasino.com]casino spiele[/url] within an eyelash of is www.ttittancasino.com , in lieu of of german gamblers, array unrestrained online casino bonus.

Anonymous said...

Hello,

When ever I surf on web I come to this website[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url]You have really contiributed very good info here daxxx.blogspot.com. Let me tell you one thing guys, some time we really forget to pay attention towards our health. Are you really serious about your weight?. Recent Scientific Research points that nearly 50% of all United States grownups are either chubby or overweight[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url] So if you're one of these citizens, you're not alone. Infact many among us need to lose 10 to 20 lbs once in a while to get sexy and perfect six pack abs. Now the question is how you are planning to have quick weight loss? [url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips]Quick weight loss[/url] is not like piece of cake. If you improve some of your daily diet habbits then, its like piece of cake to quickly lose weight.

About me: I am author of [url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips]Quick weight loss tips[/url]. I am also health expert who can help you lose weight quickly. If you do not want to go under painful training program than you may also try [url=http://www.weightrapidloss.com/acai-berry-for-quick-weight-loss]Acai Berry[/url] or [url=http://www.weightrapidloss.com/colon-cleanse-for-weight-loss]Colon Cleansing[/url] for fast weight loss.

Anonymous said...

www.pornvideoonline.info

http://www.pornvideodownload.info

http://www.pornvideotorrent.info/

http://www.gaypornonline.info

http://www.teenpornonline.info

http://www.freepornvideosonline.info

www.bestpornvideo.info

[url=http://www.pornvideoonline.info]Porn video online[/url]
[url=http://www.pornvideodownload.info]Porn video download[/url]
[url=http://www.pornvideotorrent.info]Porn video torrent[/url]
[url=http://www.gaypornonline.info]Gay porn online[/url]
[url=http://www.teenpornonline.info]Teen porn online[/url]
[url=http://www.freepornvideosonline.info]Free porn videos online[/url]
[url=http://www.bestpornvideo.info]Best porn video[/url]

Anonymous said...

Hi i am new to this forum i hope i will be able to help & contribute here because i have learned a huge amount myself.

Cheers

[URL=http://plasteringcoursesuk.co.uk][B]plastering courses essex[/B][/URL]