Residential Property
New strategies urged to fill student housing gap
Colliers suggests office conversion, PBSA, and a build-to-rent model.
Y.X acquires building in Hung Hom for student housing
Y36 has 51 rooms with 82-bed spaces and co-living spaces spanning over 4,000 sq ft.
HK student housing boosted with 9 privately invested projects
The projects offer 2,848 beds for students.
Hong Kong ranks 15th most transparent real estate market globally
On a regional perspective, the country ranks third.
Property sales down 10.1% in August
Total consideration for residential units was $28.5b.
The Connaught in Sai Ying Pun up for sale via tender
The property has a guide price of $600m.
9 subdivided unit landlords face fines for non-compliance with ordinance
The government levied fines amounting to $24,800.
Hong Kong ranks 15th most transparent real estate market globally
Hong Kong bagged a composite score of 1.97, the same as Finland.
Henderson Land profit falls 47% YoY to $3.17b in H1 2024
The company attributed the decline to fair value loss incurred during the period.
Gov’t approves 12 building plans in June
The approved plans are for residential, commercial, and industrial developments.
Home & Youth Affairs Bureau approves youth hostel project in Tin Shui Wai
Up to 672 hostel spaces will be available.
Property sales up 0.3% in July
The total consideration for residential units was $35.7b.
The Arch Sun Tower properties, Whitesands House 23 in Lantau Island on sale via tender
The public tender will close on 23 September.
Projected private flat supply in HK reduced by 3,000 units
About 19,000 units in completed projects remain unsold as of the end of June.
Gov’t approves 14 building plans in May
The approved plans are for residential, industrial, commercial, and community service developments.
Public housing rents to rise 10% starting 1 October
Increases could be as low as HK$49 to HK$572.
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