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Category: PROPERTY

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 ...)

Posted on 23/02/2022

Hong Kong’s Biggest Developer Offers Land for Covid Isolation

Hong Kong’s biggest property developer offered to make land and commercial properties available to the government to help contain the city’s Covid-19 outbreak. ( read original story ...)

Posted on 23/02/2022

Hong Kong’s tiny apartments increase pain of Covid-19 isolation

The median area of accommodation for each resident was about 15 sq m as of 2016. . Read more at straitstimes.com. ( read original story ...)

Posted on 23/02/2022

Joey Yung, Who Owns 12 Properties In Hongkong, Reportedly Sold Her Causeway Bay Apartment At A S$191K Loss

Like many celebs, Cantopop diva Joey Yung has a keen eye for property and has been actively investing in real estate for many years. The 41-year-old, who is considered one of Hongkong’s richest stars ... ( read original story ...)

Posted on 23/02/2022

Zurich Hong Kong integrates ESG strategy into ILAS Scooping awards in Benchmark Wealth Management Awards 2021

2 Annual statistics of the Insurance Authority on Hong Kong long term insurance business from January ... With about 56,000 employees, it provides a wide range of property and casualty, and life ... ( read original story ...)

Posted on 22/02/2022

Hong Kong budget 2022-23: ‘higher rates for owners of multiples, pricey flats, but needy set for more handouts’

The finance chief will reveal that owners of multiple, pricey properties in Hong Kong will pay more tax and lose some concessions ... is expected to be the results of a government review of property ... ( read original story ...)

Posted on 22/02/2022

Why the Northern Metropolis development strategy won’t lead to a fall in Hong Kong home prices

Finally, a question for existing property owners is whether they have ever seen Hong Kong housing prices tumble because of a new town development announcement? Since the 1960s, the Hong Kong ... ( read original story ...)

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