Residential Property
Public rental housing supply pegged at 34,800 for 2018-19
Public rental housing supply pegged at 34,800 for 2018-19
Of this number, 23,100 new flats and 11,700 refurbished flats will be available.
Shun Tak snaps two Singapore prime properties for $3.49b
The aggressive bidding is expected to push property prices in Singapore's Orchard Road.
Home prices up 14.9% in Q1 as Hong Kong leads global property price growth
Demand for small to medium sized units continue to strengthen.
Residents embrace shipping container homes amidst public housing holdup
Hong Kong's housing shortage has bred several creative residential solutions.
Home prices up for 25th straight month in April
Secondary market home prices rose 1.84%.
First time homebuyers rush to lock in home purchases before prices rise further
They snapped up to 90% of home sales in the first four months of 2018.
Stamp duty rebate extension fails to accelerate home upgrades
There was no significant increase in such transactions from 659 cases to 663 in February to April.
Government hesitant on levying vacant property tax
Vacancy rates fell to 3.7% in 2017, indicating little sign of idling private residential units.
Home sales balloon 56% to 6,646 transactions in April
Mainland buyers snapped up posh homes, buoying luxury transactions growth to 44%.
Millennials are jostling for space in Hong Kong's property ladder
A third (34%) of mortgage applicants in 2H2017 were millennials born from 1980 to 1994.
Sun Hung Kai Properties snaps up Kai Tak site for record $25.16b
The purchase represents the most expensive land sold by lump price.
74,700 new public rental housing units to be launched in the next five years
Even with the steady supply, waiting time for housing applicants has increased.
Government mulls tax on vacant properties to boost home supply
Home ownership in Hong Kong has plunged to alarmingly low levels.
Is Kwai Tsing the new home for Hong Kong's upper class?
It’s one of the top five fastest growing districts in terms of affluence.
Government mulls underground facilities to free up land for housing
Sewage plants and reservoirs can be relocated to caverns to build more homes.
Government estimates 96,000 units in private flat supply
This represents 1,000 less flats than the previous estimate.
Land shortage exceeds government estimate of 1,200 hectares
The government has identified 18 land supply options to plug the severe shortfall.
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