Residential
Hong Kong’s real estate struggles as investment falls 13% in 2024
Investment activity totaled US$1.5b in the fourth quarter alone, marking a 29% YoY drop.
HK records 15 lease modifications in Q4 2024
The transactions included seven on Hong Kong Island, six in Kowloon, and four in the New Territories.
Mortgage loan approvals up 27.7% in November
Mortgage loans for primary market transactions also rose 46.2% to $7.9b.
Property sales down 28.3% in December
Still, sales were up 46.4% year-on-year.
Strong household demand drives HK’s mini storage services
44% of operators expect rental and profit growth of 5% to 10% over the next years.
HA sets priority orders for house scheme applications
The results are available on the HOS webpage.
Hong Kong construction output up 4.8% YoY in Q3
Public sector construction increased 29.8% to $30.4b nominally.
Residential prices inch up by 0.6% MoM in November
Overall residential market sentiment improved in Q4.
New home inventory projected to balance by late 2025 as supply declines
The months of supply has dropped to 78.2 months as of October 2024.
HKMA eases mortgage loan limits, sparks concerns over property valuation risks
JLL said buyers face higher risks as the housing market is still in a downturn.
HK launches consultation on basic housing unit proposed regulatory regime
It also plans to set up a registration system for existing SDUs.
Hong Kong projected to have high housing volume in 2025
Home prices should stabilise next year.
3 in 10 Hongkongers plan to ‘lie flat' to qualify for public housing
Still, nearly 60% said they would not do so.
About 30.5% of Hong Kongers said they would adopt a "lying flat" approach to meet the qualifications for...
HK property sales down 18.7% in September
It is also a 1.3% decline compared to the same month last year.
Over 69% of new public rental flats priced under $2,500
The authority said the rents are heavily subsidised and inclusive of rates.
Housing Bureau to organise third Transitional Housing Open Day
It will be held on September 14 at the Kwai Fong Community Hall.
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