Hong Kong investors pumped record amounts into London office deals in 2017, adding to the large volumes of international capital which are forcing property transactions out of the capital into the wider UK. Transactions from Hong Kong accounted for over a ... ( read original story ...)
Hong Kong justice minister has more illegal structures on other properties, government confirms
Hong Kong’s beleaguered justice minister has at least one other property with three illegal structures on it, the government revealed late on Sunday night, hours after she dropped a strong hint of this possibility. Earlier in the day, Secretary for ... ( read original story ...)
To fight income inequality in Hong Kong, take on the property development cartel
Budget time is coming and it’s an occasion to look at the nexus between home prices, tax policy and income maldistribution in Hong Kong. Usually, these are deemed separate issues and dealt with in the piecemeal fashion of a bureaucrat-led government. ( read original story ...)
Phillip Zhong: Hong Kong’s property prices are perilously high
It is always difficult to predict when a bubble may burst, but the current level of prices in the Hong Kong residential property market suggests that there could be a correction in 2018, if not a U.S.-style crash. Hong Kong property prices have more than ... ( read original story ...)
RICS announces award finalists for Hong Kong property industry’s highest honours
HONG KONG, CHINA - Media OutReach - 17 January 2018 - RICS (Royal Institution of Chartered Surveyors ) announces the finalists for the Hong Kong property industry's highest honours, the RICS Awards 2018 Hong Kong. The RICS Awards jury has shortlisted 35 ... ( read original story ...)
Crowds throng HK property launch as city’s housing boom continues
HONG KONG • Hong Kong's red-hot property market kicked off the year with hundreds queueing to buy flats in the first major property launch of the year yesterday, backing expectations that strong demand will further lift record prices by 5 per cent to 20 ... ( read original story ...)
Hong Kong’s first property launch of 2018 gets off to a roaring start as SHK’s St Barths sells out
Hong Kong’s first property launch of 2018 got off to a roaring start, as Sun Hung Kai Properties sold all of its 188 apartment units at the St Barths complex in Ma On Shan, setting price records for the neighbourhood. Among the sales was a five-room unit ... ( read original story ...)
Crowds jostle for Hong Kong flats, no end in sight to housing boom
HONG KONG (REUTERS) - Hong Kong's red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year on Saturday (Jan 13), backing expectations strong demand will further lift record prices by 5 to 20 ... ( read original story ...)
Research predicts further rises ahead for luxury Hong Kong property
Hong Kong’s luxury property prices will continue to rise in 2018, led by demand from rich mainland buyers and cash-rich Hong Kong investors, according to three research houses. Knight Frank, JLL and Cushman & Wakefield estimate that luxury home prices ... ( read original story ...)
Police look into whether Hong Kong justice chief ‘intentionally misled’ bank to secure mortgage
Police are looking into complaints filed against Hong Kong’s beleaguered justice minister, with sources saying one line of inquiry will be whether she “intentionally misled” a bank to secure a mortgage without mentioning an illegal basement at her house. ( read original story ...)
Hong Kong Property Awash in Cash Shielded From Rates: HSBC
Mumbai To Get More Space To Build Homes Iran: Why This Time Is Different, And What’s Next Trump Serves Pakistan Notice, Enter China? IOB’s Decision To Set-Off Losses Is An ‘Unusual’ Accounting Move, Says Veteran Auditor Bajaj Vs Bajaj: The Tale ... ( read original story ...)
Bank staff enjoys 100pc mortgage
A staff of a local bank reportedly took out a 100 percent mortgage loan to purchase last month a flat at One Kai Tak for HK$11.16 million.The unit at the "Hong Kong property for Hong Kong people" development was constructed by China Overseas Land and ... ( read original story ...)
Timing needed before relaxing mortgage curbs
He said the government is waiting for the right timing to relax the mortgage curbs but it remains prudent. People with inadequate financial ability will be worst affected if Hong Kong's property market experiences price corrections, he added. The ratio of ... ( read original story ...)
Hong Kong home prices reach double 1997 level and stocks rally
HONG KONG — Here’s a scary statistic ... remarks made on Monday to legislators by Financial Secretary Paul Chan, who noted the ratio of mortgage payments to median household income hit 68% in the third quarter, compared with a 45% average between ... ( read original story ...)