Real estate

The city has not completed any conversions despite hopes to meet housing demand

Demand has been hit by higher borrowing costs and tax changes in the May Budget

The commitments include those from co-investment vehicles and transactions

They are up 15% from a year earlier during this week’s National Day celebrations

Royal Institution of Chartered Surveyors’ house price balance falls to -32 last month from a five-month high of -28 in August

Air conditioning remains a rarity; more worrying is the city’s flood risk as freak downpours leave a growing number of properties more difficult to insure 

Many economists expect the downturn to continue, though forecasts vary

Critics of the government claim that the steady departure of the very wealthy will turn into a rout which will inflict a heavy blow on the nation’s economy

Building linked to Cambodia’s Prince Group has been taken over by a local automotive firm in a private deal