The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced the results of the residential mortgage survey for November 2017 today (December 29). The number of mortgage applications in November ... ( read original story ...)
In mortgage fraud frenzy, China’s banks face a hidden danger
Mortgage fraud need not be as elaborate as the deal between Zhu and Lei. Simple bribery can also be effective. A Hong Kong property investor surnamed Fu, who declined to give his full name because he was admitting criminal behavior, told Reuters that ... ( read original story ...)
Hong Kong stocks start the week higher as property companies surge
Hong Kong stocks began the morning session on Monday higher following broad gains in the US last week, while mainland markets slipped. The Hang Seng Index opened up 0.26 per cent, or 80.45 points, at 30,895.09 after notching up the best weekly gain since ... ( read original story ...)
Wild Hong Kong: fans of country parks oppose concreting of trails, taking land for homes
Wooded hillsides, craggy ridges and wheeling birds of prey are a world away from Hong Kong’s skyscrapers – but the city’s country parks are a necessary balm for its stressed out residents. With some of the world’s highest property prices ... ( read original story ...)
Hong Kong property deals up 15% in 2017 despite clampdown
HONG KONG -- The Hong Kong property market seems untameable. Already among the most expensive in the world, Hong Kong properties continued to see strong demand in 2017 despite cooling measures implemented by the government. In 2017, property transactions ... ( read original story ...)
Hong Kong property transactions up 15% in 2017 despite official clampdown
HONG KONG -- The Hong Kong property market seems untameable. Already among the most expensive in the world, Hong Kong properties continued to see strong demand in 2017 despite cooling measures implemented by the government. In 2017, property transactions ... ( read original story ...)
Corporate Expansions Driving Hong Kong’s Grade A Office Market
According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 68,800 sq. ft in November 2017, with average monthly rent reaching HKD 71.7 per sq. ft -- 0.3% higher than in October 2017. ( read original story ...)
Hong Kong property market shatters price records again
Public and private housing blocks are seen in Hong Kong. Private home prices in Hong Kong rose by 1.08% in November, marking the fastest pace of growth in six months, according to data compiled by the Rating and Valuation Department released yesterday. ( read original story ...)
Hong Kong property market shatters price records for 13th straight month
HONG KONG (Reuters) - Hong Kong’s private home prices broke historic records for the 13th straight month in November, with the ascent showing no immediate signs of ending and analysts expecting the rise to continue into next year. Private home prices ... ( read original story ...)
Hong Kong regulator sets rules for sale of uncompleted overseas property for the first time
The regulator of property agents in Hong Kong has issued guidelines for the sale of uncompleted overseas properties by local agents following repeated complaints by buyers, a move supported by companies in the sector. The Estate Agents Authority issued a ... ( read original story ...)
Hong Kong Venture Buys Into London ‘Gotham City’ Tower
A group of four Hong Kong property companies including C C Land Holdings Ltd. has agreed to buy a majority stake in a skyscraper planned for the City of London financial district, two people with knowledge of the plan said. The investors will also fund the ... ( read original story ...)
Love or hate it, a higher mortgage rate will help to normalise Hong Kong’s housing market
Some people will always complain that a glass is half empty rather than be glad that it is half full. Here at last, comes the remedy to the high home prices about which everyone has complained for years, and what are we told instead? Homebuyers hit. ( read original story ...)
Nano flats sell for HK$3m as property prices predicted to soar 20 per cent in 2018
Small certainly doesn’t come cheap, when it comes to Hong Kong property. A block full of tiny flats in Yuen Long – a new town far from the centre of the city – are being sold for at least HK$2.99 million (US$383,000) per unit, making it one of the ... ( read original story ...)
Hong Kong investors go defensive in $3bn property auction
When former South Korean president Park Geun-hye went to a Seoul prison cell last spring, many residents of Hong Kong could only express envy. The 125 sq ft in which she was incarcerated is bigger than many Hong Kong flats. And yet, Hong Kong grows ever ... ( read original story ...)