Properties in distress accounted for almost 26% of all home sales last year, down from 29% in 2009. “While accelerating foresclosure sales will help clear the oversupply of distressed properties and return balance to the market in the long run, in short term a high percentage of foreclosure sales will continue to weigh down home prices,” Saccacio said.

Distressed properties sold at a discount of 27% in 2009 and 22% the previous year, according to RealtyTrac. The discount reflects the sales price of homes in the foreclosure process compared with those not in distress, the company said.

Foreclosure Sale Price. Bank owned properties sold for an average discount of 36% last year, up from 33% in 2009. RealtyTrac said. Such homes accounted for 16% of all U.S sales compared with almost 18% in 2009 and 13% in 2008.

Highest Distressed Sales. Nevada had the highest proportion of distressed sales of any U.S state, with 57% of its residential transactions involving homes seized by banks or at risk of foreclosure. Arizona ranked second at 49%, and California was third at 44%.

Ohio had the highest average price discount for foreclosed homes at almost 43%, followed by Kentucky at 40%. Tennessee, California, Pennsylvania, Illinois, New Jersey, Michigan, Georgia and Wisconsin all had average distress discounts of at least 35%, RealtyTrac said.

Hong Kong government is likely to sell property in the Peak District worth 1.35 billion U.S. dollars in the auction, sales are made to restrain the rate of increase in property prices due to membeludaknya demand.

Property prices in Hong Kong is continue to climb. Since early 2009 until now, property prices have gone up 38 percent. This year, housing prices in the middle of the city have gone up 9.6 percent. Centaline Property Agency Ltd. said house prices rose 10 percent chance again in the second half of this year.

The price increase occurred because of the large demand, particularly from mainland China. Understandably, many newly rich Chinese who tried to find a house today. The problem is, the supply of available land and buildings in Hong Kong has become more limited. As a result, since in recent years, the Government of Hong Kong’s industrious auctioning their property to restrain the rate of increase in the property.

Property is about to be auctioned tomorrow lies in the way of Mt Nicholson 103. This property is a premium-class housing.Previously, the inhabitants of this region are government officials.Its location is very strategic. In addition, the panoramic ocean properties.

Based on a survey of seven analysts, the price of property in the middle of this Peak region of 8.9 billion Hong Kong dollars and 11.5 billion Hong Kong dollars. When calculated, the price of one square foot of between 27,000 and 35,000 Hong Kong dollars Hong Kong dollars.

“The auction tomorrow is very attractive to developers because the location is premium and sea views,” said Alnwick Chan, Executive Director Franck Knight LLP.

In previous auctions, Sun Hung Kai Properties Ltd., the largest developer in terms of market value, has bought up land in the area of Ho Man Tin worth 10.9 billion Hong Kong dollars. Price per square foot for 12,450 Hong Kong dollars. This is the highest price since the Government of Hong Kong to auction.

The blossoming of the apartment business is recognized by St. Moritz Penthouses & Residences. Currently, the superblock owned by PT Lippo Tbk it began to build a tower for The New Royal Suite Tower. The tower has 196 units measuring 84 square meters (m2) up to 107 m2.St Moritz sells the apartments are worth USD 1 billion up to Rp 2 billion per unit.

In selling The New Royal, St. Moritz priority pass card that also functions as a tool Panjer / signs to be worth USD 15 million. Budhi Gozali, Director of the St. Moritz said, with a priority pass card, consumers can get the initial price, how to pay the light, discounts, and select the desired units.

Unfortunately, Budhi not want to divulge the discount will be given to prospective buyers. ”What is clear to this day pass priority cards already sold nearly 100 percent,” said Budhi in Jakarta,
Budhi hope, at the launch later aka pre sale pre-sales could reach 50 percent. St. Moritz will perform handover of the key The New Royal at the end of 2013.

According to Budhi, The New Royal apartment is an apartment that provides a compact premium private elevator. These apartments are strategically for consumers who are looking for a place to stay because the location of St. Moritz is integrated with other infrastructure such as shopping centers, Hypermart, Siloam Hospital, Sekolah Pelita Harapan, as well as offices.

This location is also only takes 10 minutes from Soekarno-Hatta.For investors, this apartment was prospectively. When in August 2008, land prices in situ USD 6 million per m2, so now the price has grown 133 percent to USD $ 14 per m2.

The New Royal is a fourth tower to be built St. Moritz after build three other towers. Three towers of St. Moritz, among others, the Presidential Suite of 124 units, 220 units of The Royal Suite, and The Ambassador Suite 150 units. Since the first slide in August 2008, the three towers have been successfully sold $ 1 trillion.

Chief Executive Officer of HSBC Holdings Plc, Peter Wong assess, at this time, the property industry in Hong Kong are at risk for bubble occurs when prices continue to rise. He said property prices in Hong Kong has reached its highest level.

“If this condition continues, it is quite likely will cause the bubble,” he told Bloomberg. Currently, Hong Kong Government is seeking to slash house prices by 42 percent. The reason, many lower middle who can not afford housing.

Based on data released by Jones Lang LaSalle Inc., home prices in Hong Kong is likely to increase by 10 percent in the second half of this year if interest rates are still low and the economy grows.