Skyrocketing property prices, a narrowing industry structure and, most critically, the lack of upward social mobility, make young people increasingly disillusioned about the future. Some politicians a... ( read original story ...)
Why Hong Kong’s property bubble won’t burst anytime soon
If you think Hong Kong’s insane property market will magically find sanity one day, don’t hold your breath. You will only suffocate. Forget that dream about owning a flat anytime soon. It will remain ... ( read original story ...)
Upward Climb of Hong Kong Home Prices to Slow in Late 2018
According to JLL's mid-year 2018 Hong Kong property forecast, the upward march of housing prices will slow in the second half after the Government introduced a new vacancy tax and restrictions on the ... ( read original story ...)
UK property investment top choice for Hong Kong nationals and expats
The number of UK buy-to-let mortgage completions from Hong Kong residents soared over the past year according to new figures. Enquiries into the UK from Asia for expat mortgages have been increasing o... ( read original story ...)
Property porn in Hong Kong: when home prices are so high, they become obscene
I have written and ranted ad nauseam about the sorry state of housing in Hong Kong and the insanity of endlessly skyrocketing property prices in the world’s most expensive city to secure a roof over y... ( read original story ...)
Hong Kong’s property prices will not always go up
Property prices do not always go up, not even in Hong Kong. It may look that way when we are all caught up in the middle of one of the most sustained real estate bull runs in the city’s history. But e... ( read original story ...)
Hong Kong’s public annuity scheme: are the elderly being short-changed?
We understand that our bureaucrats at the Hong Kong Mortgage Corporation are no investment geniuses in the mould of Warren Buffett, but even they should be able to obtain a return of at least 4 per ce... ( read original story ...)
Hong Kong may impose more curbs on non-local homebuyers
Tighter restrictions may be imposed on non-local homebuyers if necessary to rein in runaway property prices even as Hong Kong maintains its open-door policy on mainland Chinese migrants, Chief Executi... ( read original story ...)
Hong Kong leader Carrie Lam doesn’t rule out more property curbs on non-local buyers
Hong Kong will not rule out tighter restrictions on non-locals buying flats to rein in runaway property prices even as the city maintains its open-door policy on migrants, its leader said on Thursday. ... ( read original story ...)
Hong Kong property market can be cooled if land sale terms are pegged to ready flat prices
Readers of the letters column would have seen a lot of suggestions made by correspondents for solving the city’s housing problem. The common goal is to free up more land for housing development, so th... ( read original story ...)
Residential Mortgage Survey Results for May 2018
The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for May 2018. The number of mortgage applications in May decreased month-on-month by 2.7% to 14 491. Mo... ( read original story ...)
HK tax loophole undermines property cooling measures
Government efforts to cool Hong Kong’s soaring property prices have been undermined by loopholes in the territory’s stamp duties, according to a new study. The research showed that a total of HK$8.3bn ... ( read original story ...)
Life annuity scheme launched
Voiceover: HKMC Annuity, wholly-owned by the Hong Kong Mortgage Corporation, launched the HKMC Annuity Plan which offers retirees a way to turn part of their savings into streams of stable income. The ... ( read original story ...)
HK$1m annuity plan for retirees opens for registration
The Hong Kong Mortgage Corporation launched the life annuity scheme today, called the "HKMC Annuity Plan," which HKMC says allows retirees to generate life-long income from a part of their savings. Th... ( read original story ...)