Residential Property
Home sales in local secondary market falls 23%
Home sales in local secondary market falls 23%
The drop over the weekend follows the decline in global stock prices.
Pre-sale consent applications for residential developments await approval
Twenty applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial...
Buildings Dept steps up flat inspections
Flat owners and residents are advised to co-operate with the department to protect their own interests and public safety.
Hong Kong flat sales fall by 37%
Total consideration for sale and purchase agreements in July was down 39.9% to $42.4bn.
HK luxury properties bought mostly by Mainlanders
Mainland Chinese buyers accounted for 40% of firsthand purchases of luxury property in the city during the first half of the year.
Hong Kong’s luxury residential price growth shoots to 28%
Prices grew strongly by 7.3% qoq in 2Q11.
Government to increase housing land supply
Hong Kong also eyes further development of the Tung Chung New Town, and implementing new development areas in the northern New Territories.
Negative equity mortgages in June fell to 48
Hong Kong had no loans in negative equity with delinquencies of more than three months since the first quarter.
Luxury residential prices shoot to three-year high in 2Q
Prices rose 3.8% to HK$19,520 per sq ft as of May 2011.
Minmetals Land Ltd to sell land to Hebei Xiangshan government
The $113m sale means cancellation of a residential project which already has pre-sale orders.
Two residential sites up for auction
The sites are in Tseung Kwan O and Yuen Long.
Residential projects transactions up over the weekend
The record 27 transactions were among the top 10 benchmark residential projects in the secondary property market in Hong Kong.
Hong Kong’s second quarter luxury residential prices up 3.8%
Luxury rents are estimated to soar further by 15% in the next 12 months.
HK billionaire et al aids funding of UK low-cost housing
Developer Sammy Lee, businessman Peter Fung, and billionaire Cheng Yu-tung’s Chow Tai Fook Enterprises have acquired 61 percent of Pinnacle...
Residential property sales plunged 58% in June
And the loan-to-value ratio of homes costing between HK$7m -10m has been limited to 60%.
Investor confidence in HK property drops
Homes are now less affordable for the general public after a rally in property prices.
CE’s policy address vows to bring housing relief
Tsang said the government will consider various subsidised housing schemes to address one of Hong Kong’s crucial social issue.
Read Here
Advertise
Sign Up
Commentary
Driving non-Grade A office market with the Hostels in the City Scheme