Residential Property
More hotels pivot to co-living for better margins, stable cash flow
More hotels pivot to co-living for better margins, stable cash flow
From 2020 to 1Q23, around 6 to 7 hotels have been acquired for conversion to co-living spaces.
Property sales jump 5.3% MoM in August
Year-on-year sales fell by 11%.
Hong Kong’s most notable real estate agents under 40 of 2023
Majority of agents in the list are experts on the office market.
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%.
Diversification to shape real estate investments in 2024
An expert said capital will cascade into “alternative” sectors next year.
China Evergrande cuts losses to RMB39.2b in 1H23
The group has implemented several schemes to improve liquidity.
HK, SG housing chiefs exchange views on policies, new technologies
Amongst areas of discussion include green buildings.
Lands Department rejects bid for Tsuen Wan residential site
The site is part of the government’s Starter Homes (SH) project.
Sale of residential units sluggish in the first half of 2023
Only over half of residential units were sold in H1 2023, slower than the five-year average.
Hong Kong introduces one-off subsidy for citizens in transitional housing
As many as 35,000 are expected to benefit from the trial scheme.
Hong Kong needs to build 6,000 more elderly places yearly
JLL warns that the city could face a potential shortage of elderly places by 2032.
Property sales drop 7.3% MoM in July
Year-on-year sales fell by 11.4%.
Hongkongers dominate England’s property market with £10.8b portfolio
They also preside over the most valuable bricks-and-mortar portfolio in England.
105,000 private flats to be available in next 3-4 years
The figure is 2,000 less than the previous estimate.
Buildings department greenlights 8 building plans in May
Of the plans approved, three are on Hong Kong Island.
Luxury residential sales fall 12.9% MoM in June
Only 183 units got sold during the month.
Gov’t to assist building owners in maintenance
Secretary for Home & Youth Alice Mak said they are alerted by falling concrete.
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