Residential Property
HK, SG housing chiefs exchange views on policies, new technologies
Amongst areas of discussion include green buildings.
HK, SG housing chiefs exchange views on policies, new technologies
Amongst areas of discussion include green buildings.
Lands Department rejects bid for Tsuen Wan residential site
The site is part of the government’s Starter Homes (SH) project.
Sale of residential units sluggish in the first half of 2023
Only over half of residential units were sold in H1 2023, slower than the five-year average.
Hong Kong introduces one-off subsidy for citizens in transitional housing
As many as 35,000 are expected to benefit from the trial scheme.
Hong Kong needs to build 6,000 more elderly places yearly
JLL warns that the city could face a potential shortage of elderly places by 2032.
Property sales drop 7.3% MoM in July
Year-on-year sales fell by 11.4%.
Hongkongers dominate England’s property market with £10.8b portfolio
They also preside over the most valuable bricks-and-mortar portfolio in England.
105,000 private flats to be available in next 3-4 years
The figure is 2,000 less than the previous estimate.
Buildings department greenlights 8 building plans in May
Of the plans approved, three are on Hong Kong Island.
Luxury residential sales fall 12.9% MoM in June
Only 183 units got sold during the month.
Gov’t to assist building owners in maintenance
Secretary for Home & Youth Alice Mak said they are alerted by falling concrete.
Sale of 21 Borrett Road development falls through
CK Asset Holdings said the purchaser failed to pay the first part of the payment of $1.04b.
Mass residential capital values drop 1.2% QoQ in Q2
JLL attributed the decline to three factors.
Mass residential capital values drop 1.2% QoQ in Q2
JLL attributed the decline to three factors.
Select high lump sum projects to benefit from Hong Kong’s relaxation of mortgage rules
Hong Kong raised the LTV ratio cap to 70% for self-use properties worth less than $15m.
New guidelines set for Yau Ma Tei and Mong Kok plot ratio transfer
The guidelines include a new planning tool between sites.
Gov’t issues guidelines to banks on mortgage loan changes
It made adjustments whilst maintaining bank stability and proper risk management.
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