Residential Property

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.
Chinese land buying spree abates as lands sold via government tenders fall to 11%
6 Feb 18
Blame tighter capital controls and greater scrutiny of overseas purchases.
Household debt weighs heavily on homeowners as home prices far exceed wage growth
6 Feb 18
The situation could only go worse if local interest rates rise.
Stamp duty rebate extension opens residential sales market to more players
5 Feb 18
As a result, more secondary homes may be put up for sale.
Number of building sale and purchase agreements hits 7,223 in January
2 Feb 18
The total consideration reached $68.5b.
Year-end home prices up for 14th month in a row
2 Feb 18
And it’s poised to rise by as much as 10% in 2018.
Zero negative equity for homeowners for the first time in 16 years
1 Feb 18
Thanks to the ever rising value of residential properties.
Mortgage applications down 14.2% to 10,520 in December
1 Feb 18
The value of approved mortgage loans also decreased to $27.8b.
Green Form Subsidised Home Ownership scheme to be regularised
31 Jan 18
The GSH pilot project in King Tai Court, San Po Kong proved the merits of the scheme.
Which sector dominated the year-end capital market?
31 Jan 18
The biggest deal from this sector was valued at $40.3b.
Pending housing supply slumps 33% to 17,000 units under construction in 2017
29 Jan 18
Analysts, however, believe this is no cause for alarm as staggered housing launches will still be sufficient.
Luxury homes beat year-end slump as high-value sales rise 9.4% in Q4
29 Jan 18
This was equivalent to sales of 3,297 luxury residential worth $10m and more.
Tender awarded for Kwun Tong residential site for $3.11m
25 Jan 18
The 50-year land grant was awarded to Clever Like Limited.
IMF backs Hong Kong's property cooling approach
24 Jan 18
However, it notes that the Buyer and the Ad-Valorem Stamp Duty should be replaced.
Home sales down 6.3% to 5,337 in December
23 Jan 18
However, the luxury sector remained active thanks to the traditional year-end bonus distribution.
Hong Kong is the least affordable housing market for eighth time in a row
23 Jan 18
It’s the only Asian city on the top ten.
Here's why rate hikes are unlikely to shake Hong Kong's heated property market
22 Jan 18
Bloomberg reports that abundant liquidity acts a shield amongst other buffers.
Home price growth to slow amidst rising supply and borrowing costs
19 Jan 18
As the Fed is expected to hike rates in 2018, mortgage costs may also rise.
Here's a guide to real estate in the world's least affordable city
18 Jan 18
Resort-style homes on Lantau Island are valued at $12,800 monthly.
Residential volume drops to 5,337 sold units in November
18 Jan 18
Monthly home sales fell 6.3% MoM.
Residential site in Kowloon Tong sold for $12.45b
17 Jan 18
It was awarded to Wharf subsidiary Alpha Pioneer.
Land transactions hit $16.48b in Q4
16 Jan 18
More than half of the transactions were recorded in the New Territories.
Government urges caution in relaxing mortgage policy
15 Jan 18
Opening the market to those with limited financial capability may lead to market upheavals.
Public housing construction expenditure pegged at $115b from 2017-2022
12 Jan 18
The ten-year public housing supply target is estimated at 280,000 units.
Housing Society unveils policy evicting wealthier tenants to accommodate the needy
12 Jan 18
The new policy aims to ensure a more effective allocation of subsidised housing resources.
Here's what insulates Hong Kong's property market from rate hikes
11 Jan 18
Unless there’s a large market crisis, the market is well-shielded from rising interest rates.
Tung Chung reclamation and advance works contract signed for $12.08b
11 Jan 18
The project will provide 49,000 residential flats and 870,000 sqm of commercial floor space.
Lands Department issued 37 residential pre-sale consents in 2017
10 Jan 18
This involves the building of 16,408 residential units last year.

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Jul 26
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