Residential Property
Residential sales volume to increase by 48% QoQ in Q2
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.
Slow down of launches to spur competition in the residential market: JLL
2022 saw the number of applications for pre-sale consent surge to 7,094, the highest ever recorded.
Hong Kong property sales down by 32.4% MoM in February
Total consideration for sale and purchase of properties also went down by 33.7% MoM.
Mortgage loan cap increase up to $12m is favourable: experts
Three industry leaders weighed in on the Mortgage Insurance Programme amendments.
Rent control bill aims to bury abusive ‘coffin home’ landlords
A ban on rent hikes in the first 2 years and caps on increases after that have landlords worried.
2,015 nano flats to be completed in 2022
Compared to 2021, the number of nano flats for completion doubled.
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