Residential Property
Property sales drop nearly 40% in 2022
The Land Registry received only 59,619 sale and purchase agreements.
Property sales drop nearly 40% in 2022
The Land Registry received only 59,619 sale and purchase agreements.
Residential prices to drop by 0%-5% in 2023
Year-to-date prices have declined by 10%.
Lands Department to continue works at Mong Kok site
The resumption is for the enforcement of an urban renewal project.
Fast tracking land dev’t processes won’t preempt LegCo’s functions: gov’t
The Development Bureau is eyeing to accelerate land production.
Rent level for new public housing flats set
The rent will apply to 7,595 flats in Lai Yiu and Hei Yiu Estates.
Hong Kong is world’s second most expensive location globally: study
New York City takes the top spot as rents soar, whilst Hong Kong’s property demand fell.
First-hand, second-hand residential transactions to hit new low in 2022
Transactions will reach between 48,000 to 53,000 in 2023 from 45,000 in 2022.
7 high-end properties up for saleÂ
The prices of the properties range from  $18.2m to $550m.
Tenement buildings in Kowloon sold for $260m
It was sold to Apex Intelligence Limited.
Approved mortgage loans drop 4.7% MoM in October
The drop was likely due to the decrease in applications during the same month.
Is now a good time to buy properties? 16% of Hongkongers think so
However, only a few are interested in buying a property.
Lands Department launches tender for Stanley site
The site has a maximum gross floor area of 44,615 sq m.
Residential transaction volume drops in October amidst wondering economy
Units sold in the primary and secondary markets were at 672 and 2,476, respectively.
Kwai Chung site sold for $1.1b to CITIC Pacific subsidiary
It was awarded on a 50-year land grant.
Residential building in Yau Yat Chuen sold for $2.075b via auction
It was sold to Bremont Investment Limited.
Property sales fall 8.1% MoM in October
Year-on-year sales declined by 28.9%
Hong Kong retains 10-year housing supply targetÂ
The government maintained its 430,000-unit target in the ten years to 2033.
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