Energy News  
TRADE WARS
Got a spare $71m? How about a single Hong Kong apartment?
by Staff Writers
Hong Kong (AFP) Nov 21, 2017


Home may be where the heart is, but in Hong Kong it comes at a record price -- more than $71 million for a single apartment.

A well-heeled buyer snapped up two adjacent mountain-top pads -- each more than 4,000 square feet (370 square metres) -- for an eye-watering combined price of US$149.1 million.

The smaller of the two properties closed at $71.7 million, making it Asia's most expensive apartment by area, at a whopping $17,000 per square foot, according to Bloomberg News.

The price smashed the previous record paid for a place to sleep in Hong Kong's red-hot property market, when a duplex unit on the island topped out at $13,439 per square foot in September.

A month later an office building in downtown Hong Kong sold for a record $5 billion.

In June a single parking space changed hands for $664,200, part of a boom in commercial and residential property prices fuelled by an influx of money from wealthy mainland Chinese investors and developers.

The surging property market has become a political issue as costs in one of the world's most expensive cities continue to soar, forcing some small businesses to close due to sky-high rents while many residents cannot afford to buy or rent decent homes.

An official study last week showed nearly 20 percent of the city's 7.35 million people live below the poverty line.

TRADE WARS
Post-hurricane rebuilding fuels jump in October US home construction
Washington (AFP) Nov 17, 2017
Construction of new homes in the United States sprang to life in October as hurricane-damaged housing markets recovered from back-to-back late summer storms, according to data released Wednesday. The spike in construction, which also reflected a large increase in apartments in regions not touched by Hurricanes Harvey and Irma, was the biggest in a year and followed three consecutive months o ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Improving sensor accuracy to prevent electrical grid overload

Japan faces challenges in cutting CO2, Moody's finds

IEA: An electrified world would cost $31B per year to achieve

'Fuel-secure' steps in Washington counterintuitive, green group says

TRADE WARS
Study helps make microgrids a more reliable power source

Fuel cell X-ray study details effects of temperature and moisture on performance

Researchers take next step toward fusion energy

'Perfectly frustrated' metal provides possible path to superconductivity

TRADE WARS
End tax credits for wind energy, Tennessee Republican says

New York sets high bar for wind energy

Construction to begin on $160 million Industry Leading Hybrid Renewable Energy Project

A kite that might fly

TRADE WARS
Glass microparticles enhance solar cells efficiency

Expanding wavelength range for solar energy conversion

Artificial photosynthesis gets big boost from new catalyst

Recurrent Energy secures debt financing for 20 MW California solar project

TRADE WARS
Lightbridge and AREVA NP Sign Agreements to Immediately Advance Fuel Development

UK made grave errors over Hinkley nuclear project: MPs

Embattled Toshiba to boost capital by $5.3 bn share issuance

Swiss nuclear plant finds defective tubes from France's Areva

TRADE WARS
The water world of ancient photosynthetic organisms

Coffee set to power London buses in green initiative

Cleaning Okinawan pig farm wastewater with microbial fuel cells

Sandia speeds transformation of biofuel waste into wealth

TRADE WARS
US arrests two Chinese oil company reps in Africa bribery scheme

Oil prices level in what seems to be mixed inventory data

Majors move out, minors move in to British North Sea

Bill Barrett streamlines Colorado shale acreage

TRADE WARS
Study settles prehistoric climate puzzle

UN climate envoys agree on way forward, despite Trump

Keeping it real: UN climate talks struggle to stay relevant

Artificially cooling planet 'risky strategy,' new research shows









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.