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Category: PROPERTY

Posted on 25/02/2022

Aspiring Hong Kong homeowners rush to sign up for chance to buy shoebox flats the size of 1½ car park spaces

Tiny government-subsidised flats as small as 186 sq ft have drawn the interest of aspiring homeowners after applications launched on Friday, with some saying it was better to buy small in Hong Kong ... ( read original story ...)

Posted on 25/02/2022

Hong Kong Moves to Ban Construction of Nano Flats by Developers

Hong Kong’s government will ban developers from building nano apartments in a bid to ease the city’s crammed living space. Private homes will have to be at least 26 square meters (280 square feet), ... ( read original story ...)

Posted on 24/02/2022

New Hong Kong rent relief law to apply to more than 19 sectors hit hard by fifth wave of Covid-19 infections, finance chief says

Chan said the city's de facto central bank, the Hong Kong Monetary Authority, would issue notices and guidelines to banks about flexible treatment of mortgage repayment, and he was confident that ... ( read original story ...)

Posted on 24/02/2022

All private flats built in Hong Kong must be at least 280 sq ft in future under new government rule

All private homes to be built in Hong Kong in future will have to be at least 280 sq ft, the government has announced. The minimum size requirement in the private sector will cover all government land ... ( read original story ...)

Posted on 24/02/2022

Hong Kong’s used home prices drop by most in 23 months as owners discount their flats to flee Covid-19 fifth wave

Lived-in home prices are on the slide as desperate owners looking to escape the ferocious fifth wave of Covid-19 offer steep discounts on their flats. ( read original story ...)

Posted on 24/02/2022

Hong Kong’s January home prices at 11-month low, hit by COVID-19

Hong Kong private home prices dropped for the fourth consecutive month in January to the lowest since February 2021, official data showed on Thursday (Feb 24), as the financial city was hit by a new ... ( read original story ...)

Posted on 24/02/2022

Hong Kong’s tiny apartments increase pain of Covid isolation

The city-state’s biggest Covid-19 outbreak has left tens of thousands of patients struggling to isolate themselves from their families in one of the world’s most crowded cities ... ( read original story ...)

Posted on 24/02/2022

Hong Kong Property Tycoon Joseph Lau’s Fortune Edges Up Despite Evergrande Loss

The billionaire—a long-time business partner and poker buddy of Evergrande chairman Hui Ka Yan—had a wild ride in 2021, but still managed to emerge with a gain. ( read original story ...)

Posted on 24/02/2022

Hong Kong Raises Property Tax for Owners of Expensive Homes

Hong Kong’s government unveiled plans to raise property taxes for luxury homes in a move set to affect wealthy owners and landlords of multiple properties.  Financial secretary Paul Chan proposed ... ( read original story ...)

Posted on 23/02/2022

Budget 2022-2023: Hong Kong opens funding tap to make more mortgage loans available for first-home buyers, dealing a blow to ‘nano flat’ builders

The available mortgages on homes with a loan-to-value ratio of 80 per cent will increase to between HK$10 million and HK$12 million in the fiscal 2022/23 budget First-home buyers who qualify for the ... ( read original story ...)

Posted on 23/02/2022

Hong Kong Budget: Progressive property rates could see owners of pricier flats paying more

Hong Kong aims to introduce a progressive rating system for residential properties that would see owners of pricier flats paying more in property rates, the city’s financial chief announced on ... ( read original story ...)

Posted on 23/02/2022

Govt to raise mortgage cap for homebuyers

Financial Secretary Paul Chan on Wednesday announced the government will make it easier for property buyers to obtain mortgages for pricier flats – ... ( read original story ...)

Posted on 23/02/2022

Budget 2022-23: Hong Kong offers office and retail rental relief for city’s small businesses

All small businesses will be allowed to defer their retail and office rental payments by up to six months, Financial Secretary Paul Chan said in his budget briefing on Wednesday. ( read original story ...)

Posted on 23/02/2022

Cantopop star Joey Yung sells Hong Kong flat at loss, leading exodus from property market amid city’s Covid-19 surge

Canto pop star Joey Yung has sold her flat in Causeway Bay at a loss of about HK$1.1 million (S$190,000), according to sources familiar with the deal, joining a wave of Hongkongers selling their homes ... ( read original story ...)

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