Residential Property

Shun Tak snaps two Singapore prime properties for $3.49b
14 Jun 18
The aggressive bidding is expected to push property prices in Singapore's Orchard Road.
Residential and transport projects dominate construction output in Q1
12 Jun 18
They accounted for $17.9b and $12.8b respectively.
Home prices up 14.9% in Q1 as Hong Kong leads global property price growth
12 Jun 18
Demand for small to medium sized units continue to strengthen.
Property sales down 10.9% to $63.5b in May
5 Jun 18
Skyrocketing property prices may have finally dampened demand.
Residents embrace shipping container homes amidst public housing holdup
4 Jun 18
Hong Kong's housing shortage has bred several creative residential solutions.
Approved mortgage loans down 5.6% to $37.3b in April
1 Jun 18
However, the number of mortgage applications rose to 14,898.
Home prices up for 25th straight month in April
31 May 18
Secondary market home prices rose 1.84%.
First time homebuyers rush to lock in home purchases before prices rise further
30 May 18
They snapped up to 90% of home sales in the first four months of 2018.
Stamp duty rebate extension fails to accelerate home upgrades
30 May 18
There was no significant increase in such transactions from 659 cases to 663 in February to April.
Government hesitant on levying vacant property tax
28 May 18
Vacancy rates fell to 3.7% in 2017, indicating little sign of idling private residential units.
Home sales balloon 56% to 6,646 transactions in April
22 May 18
Mainland buyers snapped up posh homes, buoying luxury transactions growth to 44%.
Millennials are jostling for space in Hong Kong's property ladder
21 May 18
A third (34%) of mortgage applicants in 2H2017 were millennials born from 1980 to 1994.
Sun Hung Kai Properties snaps up Kai Tak site for record $25.16b
16 May 18
The purchase represents the most expensive land sold by lump price.
74,700 new public rental housing units to be launched in the next five years
14 May 18
Even with the steady supply, waiting time for housing applicants has increased.
Property sales up 36.3% to $77.8b in April
4 May 18
Residential units accounted for three quarters of the monthly sales.
Government mulls tax on vacant properties to boost home supply
4 May 18
Home ownership in Hong Kong has plunged to alarmingly low levels.
Is Kwai Tsing the new home for Hong Kong's upper class?
2 May 18
It’s one of the top five fastest growing districts in terms of affluence.
Government mulls underground facilities to free up land for housing
30 Apr 18
Sewage plants and reservoirs can be relocated to caverns to build more homes.
Government estimates 96,000 units in private flat supply
30 Apr 18
This represents 1,000 less flats than the previous estimate.
Land shortage exceeds government estimate of 1,200 hectares
27 Apr 18
The government has identified 18 land supply options to plug the severe shortfall.
Why property ownership is a pipe dream
25 Apr 18
Hong Kong's expensive housing market has bred an unconventional low-cost housing alternative.
Home ownership plunges below 50% in 2017 as prices skyrocket
24 Apr 18
Only 49.2% of households own their occupied homes, representing the lowest level since 1999.
Banks scrap fixed-rate mortgages as interbank lending rates surge
23 Apr 18
HSBC and BOC have already stopped offering the package whilst ICBC will stop on May 1.
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.

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Sep 06
HKB International Business Awards 2018
Island Shangri-La, Hong Kong
Sep 06
HKB Listed Companies Awards 2018
Island Shangri-La, Hong Kong
Sep 06
HKB National Business Awards 2018
Island Shangri-La, Hong Kong
Oct 18
HKB Management Excellence Awards 2018
Island Shangri-La, Hong Kong