Residential Property

The Land Registry received 8,965 sale and purchase agreements during the month.

Hong Kongers movement out of the city will have minimal impact on prices.

This reflected a 4.3% month-on-month decrease.

This followed the luxury residential market’s 8.2% decline last year.

The firm helps buyers purchase cross-border and handles administration for clients.

Mortgage applications in the area have risen 40% over the past year.

Hong Kong is still the most expensive location for expats, despite wide-ranging drops in residential property rents over the last year.

The month’s total consideration amounted to $78b, the Land Registry said.

Applications for hopeful tenants will open on 20 April this year.

A new pilot scheme is expected to attract investors looking to develop residential projects.

It has nine developmental projects in urban areas planned for sale this year.

It features Hong Kong’s first fully indoor air-conditioned Smart Public Transport Interchange.

This will be Weave Living’s first acquisition since its rebranding in 2020.

This is only one out of seven properties that Wharf Holdings Ltd. owns in 11 Plantation Road.

Sales were up to 7,561 with total consideration amounting to $64.3b.

Disruptions in China’s manufacturing industry affected profits.