A new blog post by the Asia Pacific team highlights the extent to which house price growth varies across Chinese cities. In May, prices in Tier 3 cities rose the most, up 0.8% month-on-month, followed by Tier 2 (0.6%) and finally Tier 1 (0.3%). While the government has stayed firm on general housing policy controls,…

Indonesia relaxes luxury residential purchase policies 1. 20% luxury purchase levy applied to homes worth IDR30bn, was IDR20bn for houses and IDR10bn for condos previously. 2. Income tax on luxury sales for homes worth IDR30bn or more reduced to 1%, was 5% previously. Our thoughts: While the luxury sector accounts for 10% of the residential…

The latest Prime Central London Sales Index by Tom Bill confirms that supply is shrinking in all price brackets as some vendors hesitate due to political uncertainty. Meanwhile the number of new prospective buyers rose by 21% in the year to May, showing how active vendors currently benefit from an imbalance between supply and demand.