Residential Property
Will rents take charge of Hong Kong's property market as home prices slow?
Will rents take charge of Hong Kong's property market as home prices slow?
Developers are switching unsold luxury flats from the sales to leasing market to escape the claws of vacancy tax.
Home prices up for 27th consecutive month in June but growth slows
A secondary-market home price index rose 1.644% in June.
Rents for posh apartments slow to 1% in Q2
A number of job losses freed up home stock.
Nearly half of students expect parents to pitch in for home purchases
However, this may still be insufficient to cover skyrocketing home costs.
Private flat supply pegged at 93,000 for the next four years
This is 3,000 less than the previous estimate.
No such thing as home sweet home: Half of residents uninterested in buying property
Nearly 70% believe that home prices will climb in the next year.
Hong Kong's property market shows signs of cooling down
From a peak of 21.6% in June 2017, home price growth have slowed to 14.7% in May.
Developers slash unsold home prices as vacancy tax kicks in
Paliburg Holdings and Regal International started offering discounts on vacant units.
Public housing rents to climb 10% by September
The surge comes after a report suggested that higher incomes can support steeper rents.
North Point apartment units sold for as much as $21.87m
Sun Hung Kai Properties enjoyed a strong sale, with 1 unit left unsold.
Developers likely to build smaller units amidst vacancy tax
Flat sizes have already shrunk about 40% in six years.
Government to shoulder extra cost of subsidised flats
CE Lam affirmed her commitment to lend assistance to the Housing Society.
Heated property market defies cooling measures as property sales surge 17.1% in June
This translates to a total consideration of $80.8b.
Reclamation and real estate revamp eyed to boost flat supply
The airport relocation enabled the redevelopment possibility of old Kowloon homes, said CE Lam.
Government unveils 5 sites up for tender from July-September
The residential sites can yield 1,850 flats.
Approved mortgage loans up 14.4% to $42.6b in May
However, the number of mortgage applications fell to 14,491.
Home prices up for 26th straight month in May
Secondary-market residential prices rose 1.67%.
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