A report from Bloomberg on Hong Kong. "Banks in Hong Kong are aggressively cutting property valuations as the city’s housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd. 'The banks’ assessment is often a self-fulfilling prophecy, as lower valuations will mean less lending,' analysts led by Nicole Wong wrote. 'The government may also convert some private land supply into subsidized housing to take bigger control of housing supply,' the analysts wrote. 'Any more dramatic measures would be taken negatively and deepen the current price correction.'"

The Nikkei Asian Review on China. "China's three-year property boom appears to be running out of steam as some of the country's biggest developers slash prices amid a dimming economic outlook. 'It is the beginning of a new round of price correction,' said Alan Jin, head of property research for Asia excluding Japan at Mizuho Securities."

"Jin also warned fears can spread fast among investors once more developers offer promotions. 'People will become less interested in purchasing when everyone is offering big discounts,' he said, leading to smaller transaction volumes and lower prices."

"After Country Garden Holdings, China's largest property developer by sales, reportedly cut prices by up to 30% over the weeklong national holiday last week, angry buyers who paid the full price smashed the showrooms of one of its property projects in southern Jiangxi Province, demanding a refund."

"Country Garden is not the only Chinese developer who has slashed prices. Earlier this year, China Evergrande Group, the country's second largest developer said it will give 12% discounts to buyers in selected cities. China Vanke, the third largest, last week cut prices by 36% on luxury villas it built in the southeastern city of Xiamen where housing prices almost doubled in the past three years."

From The Print on India. "Once ranked among the country’s biggest real estate giants, the Amrapali Group is today struggling to pay its dues. On Tuesday, the Supreme Court ordered the arrest of three of its directors after they failed to hand over documents for a court-directed forensic audit of its accounts."

"At its peak in 2015, the Amrapali real estate group claimed to have had around 50 projects spread across 24 cities. Its real estate portfolio included the residential Amrapali Sapphire and Amrapali Platinum in Noida, the Amrapali Empire in Ghaziabad, a commercial hub in Greater Noida, a township in Jaipur, a multiplex mall in Bihar and a five star hotel."

"Now, however, it seems the group’s grandeur was just on paper. On 8 August, a Supreme Court bench of Justices Arun Mishra and U.U. Lalit, hearing the plea, warned the directors of Amrapali group that it would sell their properties if the group continued to delay its projects."

"'The real problem is that you have delayed giving possession of homes. Don’t try to play smart or we will sell each and every property of yours and render you homeless,' the bench said. 'You (directors) will have to look for your houses like you are making others wait for their homes. We will sell each and everything of yours.'"

From The Sun in the UK. "Steve Smith put his Hammer Hill House in Romsley, Shropshire on the market in November 2014 for £6.5 million. After he failed to attract any buyers, he dropped the asking price to £5.75 million. Mr Smith now expects to lose a lot of money on the property as he has shaved a further £1.8million off the property he bought for £2.2million in 2002. Steve says he has ploughed £4million into the lavish home."

"He said: 'Hammer Hill has had lots of interest with three serious buyers. The problem is because the chain is a lot bigger it only needs one of the homes in the chain to fall down and they all do. One person that wanted to buy it could not sell their own home.'"