Residential Property
Luxury residential prices shoot to three-year high in 2Q
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.
It’s no-sales weekend for five of the biggest private apartment projects
This is the first time since November amidst higher mortgage rates.
Minmetals Land’s first half contracted sales up 260% to RMB2.5bn
About RMB300mn sales orders have been made at the end of June.
Lands Department says no incompatibilty in plans of Tung Chung site
The Lands Department clarified that the land sale plan regarding a site in Tung Chung allegedly overlapping with a road reserve was according to the...
Hong Kong June flat sales up 7.5%
Yet the number of searches of land registers made in the same month dropped 2.9% compared with May and fell 6.7% compared with June 2010.
Coastal Greenland 2010 profit dropped to HK$149mn
Expected Renminbi appreciation, continued urbanisation, and rising household incomes seen to boost China’s property market in the long term
Sha Tin residential site up for auction
At least 970 flats must be built on the 23,056 m² site.
Expects rents to climb: DBS
Private residential rents are averaging HK$19.6/sqft, the highest since the HK$20.4/sqft peak in 1997.
Record high housing rents raise concern on Hong Kong’s competitiveness
Many corporations are feeling the effects of high rents as it increases the expatriates’ cost of living, which weakens Hong Kong’s competitiveness.
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