Hong Kong’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia. “Hong Kong is highly, highly expensive,” Kiran Patel, who ... ( read original story ...)
Parking space-size flats to be the new norm, as affordability eludes Hong Kong’s first-time buyers
At least 2,100 nano flats are expected to be completed between now and 2020 in Hong Kong, to lure more young homebuyers into getting their first foot on the property ladder in the world’s most expensive housing market. The new supply of the flats ... ( read original story ...)
Hong Kong property broker Centaline says upstarts like Snapflat are no match for its muscle power
A 17-month rally in property prices and strong sales of new projects has been particularly profitable for housing agents in Hong Kong, allowing some online start-ups to challenge well-established agencies for a slice of the market. The latest newcomer to ... ( read original story ...)
Hong Kong shares end lower; property, financial stocks weak
Oct 23 (Reuters) - Hong Kong stocks fell on Monday, led by banking and property shares, amid concerns of slowing economic growth in China, where government curbs are hurting real estate sales. The Hang Seng index fell 0.6 percent, to 28,305.88, while the ... ( read original story ...)
Hong Kong’s miserly approach to elderly care is nothing to be proud of
Reverse mortgages and other financial instruments ... As is so often the case, the easy path is taken: simply employ more migrants. But how Hong Kong will compete for such migrant carers in an ever-ageing region and world is, however, not clear. ( read original story ...)
Property tycoon Walter Kwok supports using land bank for affordable homes scheme to ease Hong Kong’s housing crunch
Hong Kong property tycoon Walter Kwok Ping-sheung on Friday became the fourth developer to support the government’s bid to get private developers to use some of their land for affordable housing for first-time buyers. However, Kwok, the chairman of ... ( read original story ...)
Growth in Hong Kong home prices slows after ‘spicy’ market restrictions launched
Hong Kong property prices rose at a slower pace in July and August as government cooling measures launched a year ago showed signs of taking effect, according to the latest official data. But the runaway prices, which are among the highest in the world ... ( read original story ...)
Hong Kong Property: Li Ka-shing’s Record Deal a Sign of Things to Come
Li Ka-Shing’s CK Asset Holdings (1113.HK) was one of the best performing stocks on Hong Kong's benchmark Hang Seng Index for the second day running on Tuesday, after reports that it sold its majority stake in a Hong Kong office tower for a record USD5 ... ( read original story ...)
Why rich Chinese buyers are still eyeing luxury properties in Hong Kong
Hong Kong’s luxury real estate may be the most expensive in the world, but uber rich international buyers will continue to buy luxury properties in the near future as the SAR is considered a safe haven, a top US-based property expert says. Stephanie ... ( read original story ...)
China Set to Overtake Hong Kong as Thai Property Developer’s Top Foreign Market
Sansiri Pcl, one of Thailand’s largest property developers by sales, sees China becoming its biggest foreign revenue source as early as this year, the latest sign that the world’s largest property-buying binge is undimmed by China’s tighter capital ... ( read original story ...)
How Hong Kong’s Starter Homes scheme for young couples compares with Singapore, Shanghai, London and Guangzhou
“So when we decided to have a child, the mortgage was not a concern.” The couple are among many young white-collar Singaporeans who have found their first homes relatively affordable compared with their peers in Hong Kong. This is true even for ... ( read original story ...)
Hong Kong’s developer cartel in line to benefit from Carrie Lam’s schemes, industry watchers say
Hong Kong’s property prices have increased by 430 per cent since ... Although officials said the government was still studying the pricing mechanism, a government source said monthly mortgage payments, as measured against monthly income, might be in ... ( read original story ...)
BNM Explains Why You Can’t Afford a House
The central bank has resisted calls to loosen mortgage lending, instead saying the property ... affordability out of 18 metropolitan regions around the globe, with Hong Kong homes costing 19 times income and Beijing 14.5 times. Take a closer look at ... ( read original story ...)
Property tycoon tops China’s rich list
HONG KONG - Property tycoon Xu Jiayin has vaulted to the top of a Chinese rich list after his wealth quadrupled, knocking Wang Jianlin off his longtime position at No. 1. The Hurun Report, China's best-known list of its wealthiest people, estimated that ... ( read original story ...)