Residential Property
Hong Kong’s property price-to-income ratio drops: JLL
Hong Kong’s property price-to-income ratio drops: JLL
However, the number of units on disposed sites ready for construction dropped by 33% year-on-year.
Gov’t approves 14 building plans in December
The approved plans are for residential, industrial, commercial, and community service developments.
Jade Beach Villa at Chung Hom Kok on sale for $1.5b
The property comprises 12 apartments and 18 houses.
Sun Hung Kai unit buys Tung Chung site for $602m
The site spans approximately 10,648 square meters.
Phase 2 applications for light public housing to open on 24 February
It will include four new LPH projects, providing approximately 5,060 units.
Residential market recovery is set to slip—S&P Global
Weak liquidity, developer distress, and fragile sentiment are weighing on recovery.
22 landlords fined $42K for violating tenant protection laws
Two joint landlords committed five offences relating to unauthorised payments.
Gov’t reports 10.4% MoM drop in property deals in January
This decline was due to the Chinese New Year holiday.
Residential site at 93 & 95 Hau Wong Road on sale via tender
The tender will close on 18 March.
HK property sales drop 10.4% in January
Total consideration for these agreements reached $36.7b,
Residential price falls 7% in 2023: report
The primary and secondary markets registered a record low of 43,002 transactions in total.
Sun Hung Kai Properties unit buys Sha Tin site for $606m
It has a 50-year land grant.
CBRE finalises Oasis Aurum 181 lease with Liu Chong Hing and GDHM
Oasis Aurum 181 features 182 rooms and suites equipped with premium amenities.
Fewer private flats expected in next 3-4 years
Around 27,000 units in completed projects were not sold last year.
Embattled Country Garden Holdings resumes trading
This comes after a halt in trading for more than nine months.
Hang Lung secures $10b through five-year syndicated loan facilities
The funds will be used to refinance debt and provide additional working capital.
CBRE to sell prime real estate assets in Kowloon and Shau Kei Wan
These properties include an en-bloc building, a high-floor unit, and the entire 3/F of Manson Industrial Building at Shau Kei Wan.
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