Residential Property
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.
Property sector to show moderate growth over the next 12-18 months
Thanks to stable residential sales and commercial rents.
2,100 nano flats to be launched until 2020
First-time buyers might still prefer them over Starter Homes Scheme.
Investors disappointed with murky 'Starter Homes' programme
The government wants to offer 1,000 starter-home units through a private-public partnership.
Luxury homes to account for only 2.2% of units to be completed until 2021
Capital appreciation potential will be higher for luxury flats.
John Aaroe Group's Aaron Kirman on the 'tremendous' impact of Chinese investment on foreign real estate markets
Chinese investment reached over $70b since 2016.
Here's how Henderson Land can benefit from the acceleration in farmland conversions
It has ~926,000 sq ft of farmland in Kwu Tung North and Fanling North that could be converted.
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