Residential Property
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.
Lands Department issues 13 pre-sale consents in 3Q23
The pre-sale consents involve 8,993 units.
Residential site at Cheung Sha up for tender
The site will provide 110 flats.
Property sales fell 16.5% in September
It is 19.5% lower year-on-year.
Hong Kong expects negative equity influx in Q3
The number of negative equity cases may exceed 10k by the end of September.
Evergrande halts trading after chairman falls under investigation
Hui Ka Yan is under investigation over suspected “illegal crimes.”
UK’s Berkley Group to run first-of-its-kind pop-up retail experience in HK
The pop-up will run for five weeks.
Primary residential market sales fall to a six-month low
Only 742 units were sold in August.
Gov’t launches online tool for transitional housing applications
Applicants can select their preferred projects on the platform.
Hong Kong luxury house prices down 1.5%: Knight Frank
Unsold inventory from new projects placed pressure on the market.
Limited supply hamper growth in HK’s super-prime market
The number of super prime homes sold in HK dropped from 67 to 42 in 2Q23.
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