Residential Property

Property sales crashed 32.4% in January
5 Feb 20
Residential units showed the greatest decline, with sales plunging by 39.2%.
Residential sales plunged 44.7% in December
29 Jan 20
Homebuyers were cautious amidst the prolonged social unrest in the country.
Property deals down 5.5% to 74,804 units in 2019
7 Jan 20
December deals crashed 41.7% to 3,908.
Over half of residents not keen on buying a property in Q3
16 Dec 19
Six in 10 find it a bad time to purchase a home right now.
Rents for five new public housing blocks set at $85.5 psm
12 Dec 19
This meant that 36% of the flats can be rented below $2,500 monthly.
Property sales jumped 32% to 6,710 units in November
4 Dec 19
Agreements for residential units surged 43.9% to 5,756.
Bidders for Kai Tak residential sites plunged 67%
4 Dec 19
The number of consortiums bidding for larger-scale sites rose.
Mortgage cap hike buoyed home sales: report
27 Nov 19
This drove developers to offer flexible payments and discounts for new projects.
Property sales down for fifth straight month in October
7 Nov 19
But total sales consideration soared 44% to $65.6b.
Developers to shift away from nano flats
5 Nov 19
The supply of nano flats will shrink starting 2022.
Luxury condo prices down 1.7% in Q3 as the rich rein in spending
28 Oct 19
Hong Kong Island’s luxury home sales crashed 90% to just 10 in September from 100 in April.
Public housing plans could hurt commercial supply: analyst
22 Oct 19
Converting factory land into residential property can reduce available commerciable area.
Weave to open Hung Hom co-living space in November
22 Oct 19
Rent starts at $8,100 per month.
Hong Kong faces third-greatest housing bubble risk globally: UBS
8 Oct 19
It remains the least affordable housing market amongst cities analysed.
Property sales down for fourth straight month in September
7 Oct 19
Sale and purchase agreements dropped to 4,090 transactions.
Approved mortgage loans dipped 2.8% to $45.3b
2 Oct 19
The number of mortgage applications also decreased by 26.5% MoM.
Government rejects all bids for Kai Tak site
2 Oct 19
This is the sixth tender exercise for government land sales to be cancelled since 2014.
Vacancy tax may hit luxury property market hard: JLL
1 Oct 19
Developers may favour building mass residential units over posh homes.
Residential market sentiment deteriorates in August
19 Sep 19
Rental demand recorded its first negative reading in the survey's history.
Sun Hung Kai sells homes 20% lower as protests persist
12 Sep 19
The price is close to those set two years ago for the same development.
New residential launches halved in July-August
4 Sep 19
Billion Development’s The Aurora's sold-out units are Tsuen Wan's cheapest in a decade.
Property sales down for third straight month in August
4 Sep 19
Sales plummeted 30.4%, a $18.05b loss compared to a year earlier.
Tuen Mun site sold for $244.19m
2 Sep 19
It is designated for private residential purposes.
Hong Kong still top APAC real estate investment market in H1
23 Aug 19
However, transactions fell 46% YoY to $47.06b.
Property sales crash 24.6% to $54b in July
8 Aug 19
Buyers remain hesitant to purchase property amidst an uncertain economic environment.
Nano flats supply to surge 60% in the next two years: study
31 Jul 19
It will account for roughly 5% of the total new private housing supply in 2019.
Kai Tak site sold for $12.74b in cheapest land sale in three years
30 Jul 19
A joint venture led by Wheelock Properties and COLI bought the site.
4,800 private flats completed in Q2
29 Jul 19
About 93,000 flats will be available in the next three to four years.
Home sales crashed 44% to 4,627 in May amidst launch drought
24 Jul 19
A property at Mount Nicholson on the Peak changed hands for $916m.
Less Hong Kongers expecting home prices to rise
24 Jul 19
The number of respondents forecasting home prices to grow fell to 36% from 42%.
Luxury apartment transactions fell by 24.8% in Q2
18 Jul 19
Residential demand may pull-back over the next three to six months.
Posh home rents down 1% in Q2
10 Jul 19
Hong Kong Island, Kowloon, and New Territories’ rents fell by 1.0%, 0.8%, and 2.5% respectively.
Is Kowloon Hong Kong's next Central?
10 Jul 19
It is now home to Citibank and JPMorgan’s front offices, amongst others.
Property sales down 1.5% to $397.5b in H1
10 Jul 19
The number of deals fell 7.2%.
Mainland developers snapped up 3 in 5 government residential site tenders in H1
8 Jul 19
Only two residential sites with Victoria Harbour views remain for tender on the Kai Tak runway.
Over 5,400 flats up for grabs by H1 2019-20
2 Jul 19
Around 1,350 flats will be available in Kai Tak and Tuen Mun by Q3.
China's property market to rebound in H2 2019
27 Jun 19
Over 36,000 new houses were sold in 30 cities in mid-June.
Expat living is cheaper in Singapore than Hong Kong: study
26 Jun 19
A cup of coffee in Singapore costs about $39.04, compared to a $54.66 cup of coffee in Hong Kong.
Home sales rose 4.9% in May to 8,208 units
25 Jun 19
One house at Mount Nicholson sold for $916m.
China's home property market to witness 3.4% growth through 2028
18 Jun 19
It already rose 16.8% YoY in April 2019.

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