Residential Property
HK greenlights amendments to the Stamp Duty bill
HK greenlights amendments to the Stamp Duty bill
The amended law introduces a refund mechanism under the Buyer's Stamp Duty, amongst others.
Surging costs dampen demand for new homes
Plans to relax loan-to-value ratio will have little effect on boosting transaction volumes.
Green residential demand to rise in long run: JLL
Studies showed that green residentials have a resale premium of 5-10%.
8-storey building on Kwa Wan Road, Kowloon sells for $1.071b
New Fortress Investment Limited won the auction.
HK is 2nd strongest market for global super-prime homes
In Q1, Hong Kong recorded 67 transactions.
Property transactions declines 8.2% MoM in May
Year-on-year (YoY), it went down 33.5%.
Hong Kong, Singapore amongst leading markets in super-prime home sales
A total of 67 and 37 sales were recorded in Hong Kong and Singapore in the first quarter, respectively.
Housing Authority endorses policies for enhanced marking scheme for estate management
The marking scheme in public housing will take effect in the fourth quarter.
Commercial and residential composite building in Kowloon up for auction
It has a reserve price of $1.071b.
HK to face shortage of over 60,000 suitable elderly places by 2032: report
The city's older population is expected to increase by 46.3% in the next decade.
Residential property volumes to edge down in the near term
In Q123, volumes shrank by 31.5% MoM.
Savills launches open tender for residential unit at Opus Hong Kong
The unit has a saleable area of 5,154 square feet.
Why are residential prices in Hong Kong losing growth momentum?
JLL cites two reasons.
Gov't extends application for land sharing scheme to May 2024
The extension allows project proponents to prepare and submit the required information for their application.
Property transactions fell 33.1%
On a yearly basis, it grew 18.6%.
Private flat supply to hit 107,000 in 3-4 years
The latest projection is 2,000 more than the previous estimate.
Getting the right accommodation mix will be crucial to the Northern Metropolis’ success
A local government accommodation scheme in Shanghai could boost private interest in Hong Kong’s Northern Metropolis and solve housing issues before...
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