Residential Property
Stamp duty cut may boost property transactions
The move has also given home prices a boost by 2.0%
Property sales increase 57.2% MoM in March
CBRE expects a high transaction volume for building units in the next 2-3 months.
Mortgage loans value drop 15% MoM to $17.9b in February
The outstanding value of mortgage loans remained virtually unchanged at $1.85t.
HA to pass on rates concession to tenants for Q1 2024-25
It will run from April to June this year.
Student accommodation crisis looms in Hong Kong amidst housing shortage
Currently, the private student housing market can only accommodate 0.4% of the total enrolled population.
Banks wary of risks in China's housing push
In 2023, property development loans expanded by a mere 1.5%
Causeway Bay mixed-used property up for auction
It has a reserve price of $2.43b.
Kaisa Prosperity gross profit climbs 2.2% YoY in FY23
Total GFA under management amounted to 102.3 million sq.m.
Gov’t rolls out a new round of GSH flats for sale
Over 2,500 units will be available in this exercise.
Hong Kong retail eyes 5% growth in 2024
Recovery hinges on global economic stability and government policies.
Historic Jessville Manor sells for $207m
The Grade III residence has a GFA of 12,288 sq ft.
Lower rates not enough to halt Hong Kong’s slowing economic growth: Natixis
Ongoing property woes a growing issue for its largest source of tax income.
Wheelock's SEASONS PLACE launches at 7-year low
The entry-level unit will be available at a price point of $4.472m.
Wheelock Properties and MTR Corporation have unveiled the price list for the...
Cullinan Harbour unit sells for $120m: report
Price per saleable square feet is $55,276.
Luxury residential rentals declined in 4Q23
Some tenants reportedly prefer renting instead of owning.
Hong Kong property transactions down 3.7% in February: report
But value rose more than threefold, partly thanks to a sale of a shopping mall.
Hongkong Land Holdings posts US$582m net loss in FY23
The company attributed its loss to a gradual decline in its prime office portfolio valuation.
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Commentary
LandsD 'area model' idea makes sense for the San Tin Technopole
Hong Kong’s tertiary education policy shift ignites co-living growth