Residential Property
PwC resigns as China Evergrande Group auditor due to disagreements
PwC resigns as China Evergrande Group auditor due to disagreements
The resigned auditor did not receive significant matters in the financial statements.
Lands Department to acquire land near Yuen Long
The agency will develop it for public housing.
Interest rate hike cycle dims mass residential market outlook
Residential transaction volume was down 39.4% YoY in 2022.
Property transaction volumes hit lowest level in 10 years
There were only 101 big deals concluded in 2022.
Residential transactions in GBA to pick up by 20%-25% in 2023
In 2022, the GBA saw a 35% YoY decline in transactions.
Retrofitting old buildings will increase rents, tenant satisfaction
JLL research showed that retrofitting old buildings will be cost effective.
How long will it take for the primary market to digest piled-up new housing supply?
There are 79,000 new homes available in the city.
Residential rents dip in Q4 2022 due to weak volume
Luxury apartments rent in Hong Kong Island was down by 3.1% QoQ.
Luxury house in the Peak worth $298m up for sale
It will be sold on an “as is” basis.
Two sites for sale via public tender
Tender invitations for both lots start on 13 January.
Buying vs renting: Which do Hong Kongers prefer?
In the next two years, 35% of locals plan to move.
Property sales drop nearly 40% in 2022
The Land Registry received only 59,619 sale and purchase agreements.
Residential prices to drop by 0%-5% in 2023
Year-to-date prices have declined by 10%.
Lands Department to continue works at Mong Kok site
The resumption is for the enforcement of an urban renewal project.
Fast tracking land dev’t processes won’t preempt LegCo’s functions: gov’t
The Development Bureau is eyeing to accelerate land production.
Rent level for new public housing flats set
The rent will apply to 7,595 flats in Lai Yiu and Hei Yiu Estates.
Hong Kong is world’s second most expensive location globally: study
New York City takes the top spot as rents soar, whilst Hong Kong’s property demand fell.
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