Category: PROPERTY

Divisional Commander (Intellectual Property General Investigation), Ms Phoebe Wong, said today that Hong Kong Customs would step up inspections in different districts, including at Lunar New Year fairs, and take stringent enforcement actions against ... ( read original story ...)

(Bloomberg) -- Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the ... ( read original story ...)

Data points used to calculate the monthly average living costs in each city comprised of averages for monthly rent for a one-bedroom property close to the city ... the average moving cost of relocating to Hong Kong was the highest, at $3,877.29. ( read original story ...)

Joseph Tsang, JLL Hong Kong’s managing director, attributes the market’s resilience to strong pent-up demand among first time buyers, low mortgage rates and a the large number of cash rich buyers in the market, including mainland Chinese. He believes ... ( read original story ...)

Singapore's three-year decline in home prices could see relief this year as foreign investors who have been turned off by Hong Kong's move to increase the stamp duty for overseas buyers look elsewhere. All the major international real estate agencies are ... ( read original story ...)

Twenty square feet with little space to fit many belongings Wong Ziwa calls this space home. These so called “coffin homes” – an apartment subdivided into many tiny spaces – are common in Hong Kong where property prices are one of the most ... ( read original story ...)

High property prices and rents posed "the gravest potential hazard to the Hong Kong community as many families have no choice but to live in subdivided units, even in industrial buildings," Leung added. Property prices have surged nearly 50 percent to ... ( read original story ...)

Hong Kong’s property market is among the world’s most expensive and prices continue to climb steadily. In November 2016, flats in South Horizons in Aberdeen, sold for HK$16,497 (S$3,160) per square foot, a 12.8% increase over the previous peak in ... ( read original story ...)

Joseph Tsang, JLL Hong Kong’s Managing Director, attributes the market’s resilience to “strong pent-up demand among first-time buyers, the large number of cash-rich buyers in the market—including mainland Chinese buyers—and still low mortgage ... ( read original story ...)

HONG KONG -- The move by Li Ka-shing, Hong Kong's richest man, to offer 7.4 billion Australian dollars ($5.5 billion) for Australian energy company Duet Group would allow his flagship property business to diversify away from its volatile home market. ( read original story ...)

The government’s increased stamp duty on property transactions for non-first-time buyers (to 15 from the lowest rate of 1.5 per cent) introduced in November has cooled the Hong Kong property market. But acting Financial Secretary Chan Ka-keung said on ... ( read original story ...)

Hong Kong mortgages are “statutory” in a form prescribed by the Hong Kong Marine Department and are bi-lingual, in English and Chinese. The mortgage need not be notarised or legalised before it is presented to the HKSR for registration although if the ... ( read original story ...)

As if thumping their noses at the government's market cooling measures, Hong Kong's two largest property agencies have offered prospective homes buyers zero down payment mortgage loans to buy properties. The move could add fuel to the already red-hot ... ( read original story ...)

And the real mortgage rate has been hovering in negative territory between 2010 and the third quarter of last year, underpinning Hong Kong’s home market throughout the six-year period. The Federal Reserve is expected to accelerate its rate hiking pace ... ( read original story ...)