Residential Property

Homes grow more unaffordable as prices climb for 23rd consecutive month
19 Apr 18
Residential prices rose 1.6% in March, extending the uptrend since April 2016.
Housing chief hesitant on imposing minimum private flat size even as micro flats multiply
19 Apr 18
Secretary Frank Chan Fan believes that regulations may raise home prices.
Micro flats multiply as residents scramble for affordable housing alternatives
17 Apr 18
Flats of less than 20 square meters accounted for 4% of private homes completed in 2017.
Higher interest rates loom amidst weakening dollar: FS Chan
16 Apr 18
Consumers may shoulder higher mortgage repayments soon.
Property sales down 15.6% in March
5 Apr 18
Total consideration for sales and purchase agreements fell to $50.5b.
Loan growth poised to crash as home prices falter
5 Apr 18
Analysts expect the momentum to slow from 16.1% to 14% in 2018.
Mortgage loans fall 14.7% to $32.5b in February
2 Apr 18
Loans for primary transactions plunged18.2% whilst loans for secondary transactions dropped 13.2%.
Housing Authority transfers rates concession to tenants
2 Apr 18
Maximum total amount is estimated at $2.45b and $50m for domestic and non-domestic licensees.
Posh home prices up for 20th consecutive month in February
29 Mar 18
A luxury apartment at the Peak sold for almost $130,000 per sq ft at $590.19m.
23 building plans approved in January
27 Mar 18
More than half were for apartment developments.
Homebuyer subsidy not feasible: Financial Secretary
16 Mar 18
If interest rates rise, lower property prices may only hurt mortgage payers.
Hong Kong banks can withstand another housing crash: S&P
15 Mar 18
They can maintain their credit profiles even if prices were to plunge by 30%.
Prime rate hike likely to take effect in Q4
15 Mar 18
Analysts waved off concerns that interest rates will immediately rise following the Fed’s tightening policies.
Residential projects dominate construction works in 2017
13 Mar 18
The gross value of home projects rose 1.4% in nominal terms to $66.1b.
Secondary home prices extend steep climb after rising 15.4% in January
13 Mar 18
Market prices increased for the 15th consecutive month but a slowdown may be looming.
Housing market defies cooling measures amidst aggressive market takeup
13 Mar 18
Wheelock & Co. sold all 750 apartments amidst a slew of 9,800 applications.
Dollar depreciation may trigger slowdown in housing market
9 Mar 18
The ratio of HIBOR-linked new mortgage loans on floating rates has dipped to 86.2% in January.
Government mulls developing underperforming Tuen Mun terminal into housing estate
7 Mar 18
The 65-hectare site could provide some 20,000 homes.
Budget 2018 mum on addressing housing woes: Natixis
6 Mar 18
The administration's focus on education and IT is drawing attention away from the more pressing housing issue.
Property sales rose 32.8% to 7,456 in February
5 Mar 18
Total consideration for the sale and purchase agreements hit $62.6b.
Hong Kong opens up land bidding process but still lags on transparency
2 Mar 18
The government will provide data on all bids only after the winning transaction is sealed.
Government unveils 27 residential sites for sale
2 Mar 18
It can provide 15,200 flats.
Secondary home sales up 21% to 1,725 in first half of February
27 Feb 18
This is partly due to stamp duty amendments encouraging home upgrades.
Happiest place on earth no more: housing woes may hit Disney
27 Feb 18
Mickey and Minnie may soon be homeless, but at least, 40,000 Hong Kongers won’t be.
20 building plans approved in December
26 Feb 18
Of that figure, 9 were for apartment and commercial developments.
Government mulls imposing $350 levy on property recipients
26 Feb 18
If passed, the PMSA will collect start collecting from property transferees by July 1.
Prime rates will not immediately rise after Fed hike: OCBC
20 Feb 18
Banks have enough money to delay its implementation.
Consumer watchdog warns against overseas property purchases
15 Feb 18
The number of complaints lodged at the council more than doubled in 2017.
4,431 subsidised flats up for sale in 2018
15 Feb 18
The price range for the homes range from $1.59m to $6.3m.
Government mulls building homes atop roads and railways
14 Feb 18
However, it only serves as a medium to long-term supply option.
Heated property market may have helped embattled HNA Group stay afloat
14 Feb 18
Its $16b sale to Henderson Land was 12% higher than the original land selling price.
Big banks lock mortgage rates amidst Fed hike worries
13 Feb 18
HSBC and BOC locked rates at 1.68% - lower than the industry standard.
Mortgage registration cases hit 7,612 in January
13 Feb 18
HSBC ate up almost a fourth of market share after snapping over 1800 deals.
Housing frenzy to moderate in 2018 amidst growing supply
13 Feb 18
Sales will remain muted whilst secondary home prices is poised to slow this year.
Hong Kong dominates APAC commercial property investment market
12 Feb 18
It broke Tokyo’s ten-year streak after snapping $20.91m in sales volume.
Kwu Tong South draft zoning plan approved
12 Feb 18
The area for land development covers approximately 525 hectares.
Is it high time to waive stamp duty for first-time home buyers?
9 Feb 18
Some buyers may not be able to pay the upfront cash burden, said EY in its budget wishlist.
More expats want posh homes in Q4
8 Feb 18
This pushed rents up, with Mid-levels rising the fastest at 0.6%.
Property loan pipeline surges to $84.43b in Q4 as developers defy cooling measures
8 Feb 18
This comes even as the HKMA tightened lending to developers last June.
Government mulls development options for Fanling golf course
7 Feb 18
The partial development option can provide 4,600 flats whilst the full option can triple the number at 13,200 units.

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