Residential Property

Waiting time for public housing hits 18-year high
14 Aug 18
It takes residents five years and three months to be allocated a flat.
Tight squeeze: Demand for nano flats doubles in first eight months of 2018
14 Aug 18
Units no larger than 300 sqft compose 12.4% total apartment sales in the city.
Developers deploy discounts to offset mortgage rate hikes
13 Aug 18
Sun Hung Kai Properties rolled out 16% on its Park Yoho property.
Developers bear the fallout of crippling vacancy tax
10 Aug 18
Swire Properties could incur extra costs after a possible misstep.
Homeowners to feel pinch as banks hike mortgage rates
9 Aug 18
BOC (Hong Kong), HSBC and Hang Seng Bank raised rates by 10bp.
Property sales surge 55% to $99.4b in July even as vacancy tax bites
7 Aug 18
A Sha Tin apartment was nearly sold out a week after the cooling measures took effect.
Number of McDonald sleepers balloon sixfold to 337 in past five years
6 Aug 18
Sky-high rents are amongst the reasons pushing them to stay at the fast food joint.
Will rents take charge of Hong Kong's property market as home prices slow?
1 Aug 18
Developers are switching unsold luxury flats from the sales to leasing market to escape the claws of vacancy tax.
Approved mortgage loans down 4.8% to $40.6b in June
1 Aug 18
However, the number of applications continued to rise to 14,579.
Home prices up for 27th consecutive month in June but growth slows
1 Aug 18
A secondary-market home price index rose 1.644% in June.
Rents for posh apartments slow to 1% in Q2
31 Jul 18
A number of job losses freed up home stock.
Nearly half of students expect parents to pitch in for home purchases
30 Jul 18
However, this may still be insufficient to cover skyrocketing home costs.
Private flat supply pegged at 93,000 for the next four years
30 Jul 18
This is 3,000 less than the previous estimate.
No such thing as home sweet home: Half of residents uninterested in buying property
27 Jul 18
Nearly 70% believe that home prices will climb in the next year.
Hong Kong's property market shows signs of cooling down
25 Jul 18
From a peak of 21.6% in June 2017, home price growth have slowed to 14.7% in May.
Developers slash unsold home prices as vacancy tax kicks in
20 Jul 18
Paliburg Holdings and Regal International started offering discounts on vacant units.
Public housing rents to climb 10% by September
19 Jul 18
The surge comes after a report suggested that higher incomes can support steeper rents.
North Point apartment units sold for as much as $21.87m
17 Jul 18
Sun Hung Kai Properties enjoyed a strong sale, with 1 unit left unsold.
Developers likely to build smaller units amidst vacancy tax
11 Jul 18
Flat sizes have already shrunk about 40% in six years.
Government to shoulder extra cost of subsidised flats
10 Jul 18
CE Lam affirmed her commitment to lend assistance to the Housing Society.
Hong Kong's half year property sales up 9.4%
10 Jul 18
The total consideration of these deals hit $403.68b.
Lands Department issues 8 pre-sale consents in Q2
9 Jul 18
The pre-sale consent for residential developments could yield 3,861 units.
Heated property market defies cooling measures as property sales surge 17.1% in June
5 Jul 18
This translates to a total consideration of $80.8b.
Reclamation and real estate revamp eyed to boost flat supply
5 Jul 18
The airport relocation enabled the redevelopment possibility of old Kowloon homes, said CE Lam.
Government unveils 5 sites up for tender from July-September
4 Jul 18
The residential sites can yield 1,850 flats.
Approved mortgage loans up 14.4% to $42.6b in May
3 Jul 18
However, the number of mortgage applications fell to 14,491.
Home prices up for 26th straight month in May
3 Jul 18
Secondary-market residential prices rose 1.67%.
Government unveils new initiatives to ease housing crunch
2 Jul 18
Homes under the HOS will now be based on a median monthly income of $39,500.
Government to launch Starter Homes pilot project on Ma Tau Wai Road
2 Jul 18
The venture redevelopment can provide 450 units.
Vacancy tax may not dampen Hong Kong's runaway home prices
2 Jul 18
It will not trigger the expected price fall but will only slow the fast pace of growth.
APAC crowned as world's largest source of real estate capital
26 Jun 18
Capital outflows from China, Hong Kong, and Singapore that totalled US$71.9b secured APAC's top spot.
Vacant residential tax to dampen developers' land bidding
26 Jun 18
The levy is expected to be focused on newly built units.
Public rental housing supply pegged at 34,800 for 2018-19
25 Jun 18
Of this number, 23,100 new flats and 11,700 refurbished flats will be available.
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%.

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Sep 05
HKB International Business Awards 2018
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