Residential Property
Waiting time for public rental housing to increase within 5 years
Waiting time for public rental housing to increase within 5 years
It was already increased to 6.1 years in March 2022.
Hong Kong is the priciest housing market in 2021: study
This is due to low incomes.
Legislative Council OKs bill allowing a tax deduction for domestic rents
It is expected to benefit 430,000 taxpayers.
Urban development project at Kowloon City resumes
The 5,164-square-metre site has 155 private property interests.
Grade A office market’s net absorption hits 129,000 in May
It is the eighth consecutive month that the office market had positive take-up.
Residential sales volume to increase by 48% QoQ in Q2
The market is being driven by buyers looking for upgrading options.
Wai Chi-sing reappointed as URA head
Wai will extend his term for three years starting 15 June.
Development of 30 plots in Fanling and Yuen Long resumes
The lots have a total area of 1.12 hectares.
Opening of new East Rail Line section to boost home prices
The extension of the East Rail Line will shorten travelling time for residents.
Property sales up 63.8% in May
However, it’s 11.3% lower compared to the previous year.
Barratt Developments appoints JLL as its sales and marketing agent in HK
JLL will be tasked to promote the developer's UK homes to HK investors.
Mass residential prices to decrease 5%: JLL
This is due to the dampened sentiment in the first quarter of 2022.
Property sales decline 4.3% in March
The Land Registry recorded 3,828 property sales and purchase agreements in March.
Benefits of mortgage relaxation to be felt H2 2022: JLL
The government announced it will raise property values eligible for 90% and 80% LTV-ratio loans.
Office market posts positive take up in February amidst 5th COVID-19 wave
Net absorption in February was 276,500 square feet.
Hongkong Land offers $15m for unprivileged people, rent relief
A total of $5m was allocated to help unprivileged communities, tenants, and workers.
Residential transaction volume to drop 49% YoY in Q1 2022
The expected volume will be the lowest recorded since early 2020.
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