Residential Property
Farmland conversion proposal may benefit major homebuilders
Developers must act quick to snap up deals to stay ahead.
No chill: Property prices will go up and up
Only 1 in 10 or 11.5% of total households will be able to afford an average private housing by 2019.
Private development projects to provide 15,600 flats
It’s exponentially higher than the annual average of 4,200 flats in the past decade.
Public housing supply still short of ten-year target by 43,000 units
The target for public housing supply is set at 280,000 units and subsidised-sale flats.
Residential prices may increase 5-8% in 2018
Housing supply will remain limited, driving upward pressure on prices.
Luxury home prices to rise 7% amidst strong Mainland China demand
Hong Kong is expected to post the largest price growth amongst major Asian urban markets.
Co-living offers a communal alternative to cold and costly Hong Kong
Young professionals can rent beds for around HK$3,500 to HK$5,500 each.
Government to provide 1,600 flats by tender
They will be sold in the first quarter of 2018.
Kwun Tong site to be up for public tender
It will be converted into a private residential development.
Cooling measures take effect as secondary residential transactions fall to 3,642 deals
This was 7.9% less than the SARS outbreak which shocked the housing market in 2003.
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.
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