Residential Property
First-hand, second-hand residential transactions to hit new low in 2022
First-hand, second-hand residential transactions to hit new low in 2022
Transactions will reach between 48,000 to 53,000 in 2023 from 45,000 in 2022.
7 high-end properties up for sale
The prices of the properties range from $18.2m to $550m.
Tenement buildings in Kowloon sold for $260m
It was sold to Apex Intelligence Limited.
Approved mortgage loans drop 4.7% MoM in October
The drop was likely due to the decrease in applications during the same month.
Is now a good time to buy properties? 16% of Hongkongers think so
However, only a few are interested in buying a property.
Lands Department launches tender for Stanley site
The site has a maximum gross floor area of 44,615 sq m.
Residential transaction volume drops in October amidst wondering economy
Units sold in the primary and secondary markets were at 672 and 2,476, respectively.
Kwai Chung site sold for $1.1b to CITIC Pacific subsidiary
It was awarded on a 50-year land grant.
Residential building in Yau Yat Chuen sold for $2.075b via auction
It was sold to Bremont Investment Limited.
Property sales fall 8.1% MoM in October
Year-on-year sales declined by 28.9%
Hong Kong retains 10-year housing supply target
The government maintained its 430,000-unit target in the ten years to 2033.
Residential property prices to fall up to 10% lower in 2023: S&P
The office property market’s vacancy rate is also not expected to improve.
95,000 private flats to be available in next 3-4 years
The figure is 3,000 less than the previous estimate.
Government unveils strategies for land, housing
Strategies include the introduction of Light Public Housing.
Where to invest your millions in real estate
Realtors cited two property types that can offer higher upside potential in return.
Developers to retain conservative pricing strategy for home prices: analyst
Demand has been focused on mass market projects.
Property market ends downcycle
Real estate expert, Cathie Chung, said that the market will have a reset by 2023.
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