Residential Property
Housing market cools down as transactions fell for fifth straight month
Housing market cools down as transactions fell for fifth straight month
The outlook for the property sector remains muted as indicators declined in Q3.
Kowloon Tong site to be up for public tender
It will be developed into private residential units.
More sites to be up for tender from January to March 2018
The government will provide more land supply despite meeting housing target.
Home sales down 6% to 5,289 sold units in September
However, new residential launches were still warmly received.
Fed rate hikes can cool heated property market
The IMF described Hong Kong’s property market as booming and overvalued.
Residential sales volume may hit 63,000 units in 2018
Most of the new housing supply will be built on New Territories.
Housing Authority to launch mobile app
It will be aimed at public rental housing tenants.
Mortgage loans grow to $1.19b in October
However, mortgage applications and approved loans fell.
Residential sales volume down 6% in October
Prices also went down 7.5% MoM.
Home prices may rise by 10% in 2018
Hong Kong’s property bubble is unlikely to burst anytime soon.
Private housing supply to rise to 22,000 units per year
However, it is unlikely to cool down the heated housing market.
Over 5,000 homes sold from October to November
However, overall home sales dropped 6% MoM.
Price gap between rural and urban properties narrows
Developers have been turning to farmland conversions.
Hong Kong luxury apartment sale smashes Asia price record
Mount Nicholson apartment fetches HK$132,000 per square foot.
Hong Kong is China's third property investment destination
Development sites remain the most favoured sector in Q3.
Prospects of first rate hike in 11 years loom for Hong Kong
Bloomberg says rising interbank rates are paving the way for prime rate hikes.
Hong Kong buyers are now the biggest spenders in London's property market
Real estate investment grows to US$3.1b in Q3.
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