Residential Property

Hong Kong expects negative equity influx in Q3

The number of negative equity cases may exceed 10k by the end of September.

Hong Kong expects negative equity influx in Q3

The number of negative equity cases may exceed 10k by the end of September.

Evergrande halts trading after chairman falls under investigation  

Hui Ka Yan is under investigation over suspected “illegal crimes.”

Gov’t launches online tool for transitional housing applications

Applicants can select their preferred projects on the platform.

Hong Kong luxury house prices down 1.5%: Knight Frank

Unsold inventory from new projects placed pressure on the market.

Limited supply hamper growth in HK’s super-prime market

The number of super prime homes sold in HK dropped from 67 to 42 in 2Q23.

Four pairs of six-storey tenement buildings collectively sold for $697m

The property was acquired by the top bidder Ever Great Development Limited.

Property market slump boosts occupiers’ and home buyers’ bargaining power

Real estate agents said tenants ask for up to 30% discount when renewing office leases.

$550m-luxury property in Mid-Levels East up for sale

The residential building has a saleable area of 13,840 square feet.

More hotels pivot to co-living for better margins, stable cash flow

From 2020 to 1Q23, around 6 to 7 hotels have been acquired for conversion to co-living spaces.

Hong Kong’s most notable real estate agents under 40

Majority of agents in the list are experts on the office market.

High interest rates stall foreign property deals in Hong Kong

Bank mortgage rates for commercial properties in the city can be as high as 6%. 

Diversification to shape real estate investments in 2024

An expert said capital will cascade into “alternative” sectors next year.