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Category: PROPERTY

Posted on 08/10/2022

To turbocharge home ownership, Hong Kong needs a new subsidised housing scheme

Subsidised housing prices should be tied to household income, not land premiums, to give more families home ownership opportunities Allowing more people to buy their own homes would ease the ... ( read original story ...)

Posted on 06/10/2022

Hong Kong home prices could nosedive 30% through 2023: Goldman Sachs

Hong Kong home prices are set to plummet by as much as 30 percent ... we expect further downside risks to the residential property market, which could mean continued price falls and low transaction ... ( read original story ...)

Posted on 06/10/2022

Consulates in Hong Kong faced with ‘unusual’ request from Beijing for information on their city properties

Several diplomats based in Hong Kong have said they are still considering how to comply with what one called an “unusual” request by China’s foreign ministry to provide details about properties their ... ( read original story ...)

Posted on 05/10/2022

Hong Kong residential sales hit 4,137 units in August

NOVO LAND Phase 1B in Tuen Mun was oversubscribed by about 48 times. According to a Knight Frank report, Hong Kong home prices remained under pressure in August. The overall home price index dropped 1 ... ( read original story ...)

Posted on 02/10/2022

Hong Kong property sales post modest results in October debut as homebuyers await new policies, expect further rate increase

Local homebuyers are taking a wait-and-see approach ahead of major policy announcements in Hong Kong and the mainland, and a further rise in interest rates. ( read original story ...)

Posted on 02/10/2022

Hong Kong property: why the end of quarantine will not end the pressure on rentals market, with resident departures still a concern

The city’s property sector has to contend with a slowing economy, a stock market fall, rising inflation, higher interest rates and resident departures. ( read original story ...)

Posted on 02/10/2022

Why the end of quarantine will not end the pressure on city’s property rentals market, with resident departures still a concern

The city’s property sector has to contend with a slowing economy, a stock market fall, rising inflation, higher interest rates and resident departures. ( read original story ...)

Posted on 30/09/2022

Hong Kong property developer New World expects housing market to feel the squeeze from rising interest rates

Housing market will gradually recover as there is still strong demand for homes, says New World CEO Adrian Cheng, after developer posts an 8.5 per cent increase in full-year profit to US$159.2 million ... ( read original story ...)

Posted on 29/09/2022

Hong Kong government brushes aside cooling housing market as it lines up three residential plots worth US$4.9 billion for sale

The three sites in Kai Tak, Stanley and Kennedy Town will yield around 2,500 flats, but analysts expect developers to be conservative in their bids amid a slowdown in the housing market. ( read original story ...)

Posted on 29/09/2022

Billionaire Li Ka-Shing’s CK Asset Sells Hong Kong Properties To Singapore Fund For $2.65 Billion

Hong Kong billionaire Li Ka-shing’s CK Asset Holdings, gave up its all and only issued shares in Aim Clever Holdings, an indirect wholly-owned subsidiary of the company that owns residential ... ( read original story ...)

Posted on 29/09/2022

Beijing’s property bandage fails to staunch blood

Another day, another Chinese property market selloff. This time, though, involves one of China’s healthier developers. Hong Kong-listed CIFI on Wednesday confirmed that it defaulted on an onshore ... ( read original story ...)

Posted on 29/09/2022

Hong Kong’s CK Asset to divest property assets for $2.65 bln

Hong Kong-based investment holding company CK Asset Holdings 1113.HK has agreed to divest property assets for HK$20.77 billion ($2.65 billion). CK Asset said on Wednesday its subsidiary would sell ... ( read original story ...)

Posted on 28/09/2022

Hong Kong’s subdivided flats: depression, cockroaches, rats and shame add up to misery for people in subdivided flats

Poor living conditions take a toll on physical, mental health of 220,000 sharing the city’s smallest living spaces with many others. ( read original story ...)

Posted on 28/09/2022

Hong Kong’s subdivided flats: why the people who live in them say they have no choice

After a long night shift, security guard Leung returns to the tiny space he calls home in an old residential building in Sham Shui Po. There are more than 220,000 people like Leung, living in Hong ... ( read original story ...)

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