Residential Property

Property sales rise by 24.2%

More than 4,400 sale and purchase agreements were recorded in January.

Property sales rise by 24.2%

More than 4,400 sale and purchase agreements were recorded in January.

Private flat supply pegged at 105,000 units in next 3-4 years

The figure is 10,000 more than the previous estimate.

Home price index slips by over 2% in December 2022

Price index stood at 332.5, the Rating and Valuation Department reported.

Border reopening bodes well for investment sentiment in residential market

A potential influx of professionals from Mainland China could boost buyer profiles for the luxury market.

Residential transaction volume to rebound in H1 2023

Developers are also expected to place their units for sale.

Buildings dep’t approves 13 plans in November

It also gave the green light to start works on 11 building projects.

‘Subdued’ market sentiment speeds up home prices decline: report

Mass residential capital values dropped by 3.1% MoM in December, JLL said.

Residential prices to ‘bottom out’ in Q1 2023

This is due to a positive economic outlook.

PwC resigns as China Evergrande Group auditor due to disagreements

The resigned auditor did not receive significant matters in the financial statements. 

Lands Department to acquire land near Yuen Long 

The agency will develop it for public housing.

Interest rate hike cycle dims mass residential market outlook

Residential transaction volume was down 39.4% YoY in 2022.

Property transaction volumes hit lowest level in 10 years

There were only 101 big deals concluded in 2022.

Residential transactions in GBA to pick up by 20%-25% in 2023

In 2022, the GBA saw a 35% YoY decline in transactions. 

Retrofitting old buildings will increase rents, tenant satisfaction

JLL research showed that retrofitting old buildings will be cost effective.