Residential Property

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.
Housing market starts to cool: Credit Suisse
10 Jan 18
Home prices are projected to rise 3% in 2018 compared to 13% in 2017.
Housing Authority sets rent for 6 public rental housing estates
10 Jan 18
More than 77% of the flats will rent for less than $2.500 monthly.
Property deals up 14.8% in 2017
10 Jan 18
The total deal consideration was $726.42b.
Farmland conversion proposal may benefit major homebuilders
9 Jan 18
Developers must act quick to snap up deals to stay ahead.
No chill: Property prices will go up and up
9 Jan 18
Only 1 in 10 or 11.5% of total households will be able to afford an average private housing by 2019.
Private development projects to provide 15,600 flats
21 Dec 17
It’s exponentially higher than the annual average of 4,200 flats in the past decade.
Public housing supply still short of ten-year target by 43,000 units
21 Dec 17
The target for public housing supply is set at 280,000 units and subsidised-sale flats.
Residential prices may increase 5-8% in 2018
20 Dec 17
Housing supply will remain limited, driving upward pressure on prices.
Luxury home prices to rise 7% amidst strong Mainland China demand
20 Dec 17
Hong Kong is expected to post the largest price growth amongst major Asian urban markets.
Co-living offers a communal alternative to cold and costly Hong Kong
20 Dec 17
Young professionals can rent beds for around HK$3,500 to HK$5,500 each.
Government to provide 1,600 flats by tender
19 Dec 17
They will be sold in the first quarter of 2018.
Kwun Tong site to be up for public tender
18 Dec 17
It will be converted into a private residential development.
Cooling measures take effect as secondary residential transactions fall to 3,642 deals
14 Dec 17
This was 7.9% less than the SARS outbreak which shocked the housing market in 2003.
Housing market cools down as transactions fell for fifth straight month
13 Dec 17
The outlook for the property sector remains muted as indicators declined in Q3.
Kowloon Tong site to be up for public tender
11 Dec 17
It will be developed into private residential units.
More sites to be up for tender from January to March 2018
6 Dec 17
The government will provide more land supply despite meeting housing target.
Property sales down 11.8% to $66.7b in November
5 Dec 17
There were a recorded 7,601 sale and purchase agreements last month.
Home sales down 6% to 5,289 sold units in September
5 Dec 17
However, new residential launches were still warmly received.
Fed rate hikes can cool heated property market
4 Dec 17
The IMF described Hong Kong’s property market as booming and overvalued.
Residential sales volume may hit 63,000 units in 2018
4 Dec 17
Most of the new housing supply will be built on New Territories.
Housing Authority to launch mobile app
1 Dec 17
It will be aimed at public rental housing tenants.
Mortgage loans grow to $1.19b in October
1 Dec 17
However, mortgage applications and approved loans fell.
Residential sales volume down 6% in October
1 Dec 17
Prices also went down 7.5% MoM.
Home prices may rise by 10% in 2018
28 Nov 17
Hong Kong’s property bubble is unlikely to burst anytime soon.
Private housing supply to rise to 22,000 units per year
27 Nov 17
However, it is unlikely to cool down the heated housing market.
Property prices to rise next year
24 Nov 17
Media and tech are the big new tenants.
Over 5,000 homes sold from October to November
23 Nov 17
However, overall home sales dropped 6% MoM.
Price gap between rural and urban properties narrows
23 Nov 17
Developers have been turning to farmland conversions.
Hong Kong luxury apartment sale smashes Asia price record
22 Nov 17
Mount Nicholson apartment fetches HK$132,000 per square foot.
Hong Kong is China's third property investment destination
22 Nov 17
Development sites remain the most favoured sector in Q3.

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HKB International Business Awards 2018
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