Hokkaido, the northernmost of Japan’s four main islands, is a skier’s paradise. Its powder runs are so impressive, the practice of skiing them has its own name, “Japow,” and enthusiasts travel from far and wide to experience the season, which sees on average 600 inches of snowfall.
Home buyers in the world’s most-expensive property market may finally have something to cheer about — Hong Kong’s housing market is officially in correction territory.
Secondary home prices have fallen by 9.8 percent from their peak in August, latest figures from Centaline Property Agency Ltd. released Friday show. That puts them at their lowest level since February 2018.
From Tasmania, Australia to Havana, Cuba, these are the destinations on Hong Kong Tatler editors’ bucket lists.
1/11Luang Prabang, Laos
“Its enchanting mix of Buddhist heritage, French colonial architecture and misty jungle puts the former Laotian capital Luang Prabang top of my travel wish list. I’ll be ticking off this destination in a few weeks when I visit Rosewood Luang Prabang, a luxury hillside retreat, which opened earlier this year with an exclusive offering of only 23 villas and tented suites.”
For better and for worse, our homes are turning into hubs of electronic intelligence
On the other side of the globe right now, the Canadian city of Toronto is readying itself to become the world’s tech laboratory. All eyes turned that way when Google’s sister company Sidewalk Labs announced a multimillion dollar plan to co-develop the world’s first city built from the “internet up”.
As Hong Kong’s property market turns south, homeowners in the New Territories are feeling the pinch more than others, as flat prices in the area have fallen faster and as much as 16 per cent since August.
Among the area’s top five residential estates by price decline based on government data, City One Shatin is leading the pack and recorded the largest drop in the past two months. The average price for 10 transactions completed in October was HK$15,191 per square foot, 9.3 per cent down from September and 15.4 per cent from August, according to data from Ricacorp Properties.