Category: PROPERTY

Out of a total population of around 7.36 million, around one in seven people in Hong Kong is now a millionaire, and property is the main investment vehicle. Rising property prices as well as growing stock markets have both contributed to the increase in ... ( read original story ...)

2018 marks the 150th anniversary for RICS. The annual RICS dinner and award presentation ceremony, held 23 March 2018 at the Grand Hyatt Hong Kong, is one of the highlighted events for celebrating this milestone. RICS CEO Dr Sean Tompkins joined the event ... ( read original story ...)

The Rating and Valuation Department today (March 23) released the preliminary findings of its annual review of production and activities in the local property market. The preliminary findings, to be incorporated in the Hong Kong Property Review 2018, cover ... ( read original story ...)

Residential property sales in Hong Kong soared 34% year on year in February despite it being a traditionally low season for the real estate market, the latest analysis report shows. Sales were also up 4% month on month and in the prime property sector ... ( read original story ...)

Construction of Hong Kong’s first social housing development made from prefabricated units could be completed as early as September next year under a government-backed pilot project for the needy. Property giant Henderson Land Development agreed to lease ... ( read original story ...)

Hong Kong property firm New World Development said it had taken out city’s first green loan, borrowing HK$3.6 billion (US$458.8 million) from a group of local and international banks and joining the growing pack of companies to tap capital through green ... ( read original story ...)

Property is a hot topic in Hong Kong. But high prices mean that the dream of owning real estate in the city remains just that for many. That is one of the findings of a recent survey by property specialists REA Group, which found many people in Hong Kong ... ( read original story ...)

The first private housing estates featuring fireproof shelters on each floor, which will give elderly or disabled people a place to hide if a blaze breaks out, are expected to go on sale in the second half of this year, the Post has learned. But having ... ( read original story ...)

Hong Kong’s red-hot property sector isn’t showing signs of cooling, but shares of local real-estate developers aren’t keeping pace. Home prices in the city of 7.4 million people have nearly tripled since 2009, jumping nearly 17% last year alone ... ( read original story ...)

Hong Kong’s “playboy” property tycoon Cecil Chao Sze-tsung has called on the government to source more land to build affordable flats to ease the city’s housing crisis, even at the cost of private developers’ share of the pie. Speaking to the ... ( read original story ...)

Wheelock & Co., which last week kicked off Hong Kong’s first large-scale sale of residential property this year, is poised to extend the success of its campaign for the second week running. A third batch of the developer’s Malibu apartment complex at ... ( read original story ...)

Policymakers are studying the possibility of imposing a vacancy tax on property owners hoarding empty flats as the latest measure to tackle space-starved Hong Kong’s acute housing shortage. Financial Secretary Paul Chan Mo-po revealed on Thursday that ... ( read original story ...)

The Hong Kong Mortgage Corporation reported its mortgage business volume rose 30 per cent last year to HK$32.3 billion, indicating that homebuyers were relying on the government-owned body for financial support as local property prices soar into the ... ( read original story ...)

A Hong Kong property tycoon known as the “King of Shell Companies,” whose name appears in the Offshore Leaks database of tax haven clients, is trying to sell a house in Vancouver Westside for $18.88 million after buying it just three months ago for $14 ... ( read original story ...)