Residential Property
Luxury home at Mount Nicholson sells for $577.4m
Luxury home at Mount Nicholson sells for $577.4m
The purchase price translates to $82,000 per square foot.
Sunac China resumes trading after ‘debt restructuring’
The real estate firm said it fulfilled the resumption guidance.
Total investment deals down 16% YoY to $9.1b in Q1 23
Buyers were cautious as the interest hike impacts border reopening.
Land Dep't distributes ten pre-sale consents in Q1
Eight were for 4,301 residential units.
Compulsory sale applications drop 24% in 2022
But JLL expected a more visible return in the second half of 2023
Gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
Property sales rocket 43.8% to 8,599 in March
Total consideration rose 57.2% to $68.9b.
Housing Authority sets new rental rates for housing units
Renters can afford a flat in an urban district for $94.9 per square metre.
Residential market to hop on recovery track: Knight Frank
In February, transactions climbed 40.3% MoM.
Hong Kong amongst cities with most ultra-prime residential sales
Ultra-prime properties are worth at least US$25m.
Residential property prices to rebound by 5%-8% in 2023
S&P Global cited China’s reopening as one of the reasons for its revival.
Heads up tenants: Housing Authority announces rates concession starting April
Domestic tenants will receive $1.176b whilst non-domestic tenants will get $16.6m.
Home sales rise in February
There were 4,282 units sold during the month.
Residential market sales to grow 49% in Q1 2023
It will be backed by China reopening and reduction of AVD.
Measures in place to combat abuse of public housing resources: gov’t
Over 3,000 households have either surrendered their flats or had it confiscated.
Wing Tai Properties braces for loss in FY22
It is expecting a loss of $50.0m.
HK is 3rd leading global city for the wealthy
There are 15,175 UHNW individuals with primary or secondary residence in HK.
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