Residential Property

39 pre-sale consents for residential projects issued in 2023

The consents involved a total of 21,258 residential units.

39 pre-sale consents for residential projects issued in 2023

The consents involved a total of 21,258 residential units.

Lantau Island site sold for $203m

APEX King was the successful tenderer.

Evergrande to record $60.3m in Shanghai Henggen Real Estate exit

A unit of Evergrande will sell its 30% stake in Shanghai Henggen Real Estate for $727.3m.

Over 50% of Hongkongers anticipate a drop in home prices in the next 12 months

With this expectation, half of Hongkongers expressed disinterest in purchasing a property in 2023.

What are the most searched properties in Hong Kong in 2023?

Two of the 10 popular searches are shopping complexes.

Gov’t heightens estate penalties for public housing

The enhanced measure will take effect on December 18.

Property market needs time to adjust to new measures: CE Lee

The government reduced rates of the Buyers's Stamp duty to 7.5%.

Are developers losing their appetite for land acquisition?

Since 2022, four residential sites have been withdrawn from government tender.

Property sales down 24.5% MoM in October

Year-on-year, sales dropped 33.9%.

Gov't on track to reduce waiting time for public rental housing

The government said that it has identified sufficient land to meet demand from 2024 to 2025.

Relaxation of property cooling measures a ‘band-aid solution’ - expert

The government has reduced Buyer’s Stamp Duty to 7.5%, amongst others.

Luxury home prices to fall up to 5% this year: JLL

Prices are also likely to fall another 5% in 2024.

Revival yet to come for Hong Kong’s real estate market

Only the retail market has demonstrated resilience, with high-street shop rents rising by 2.1% QoQ.

Residential price edges down by 1.4% MoM in August

August marked the fourth month of price decrease.