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Category: PROPERTY

Posted on 31/05/2023

Hong Kong market enters bear territory as China manufacturing decline erodes investor faith in economic recovery

Hong Kong stocks tumbled into bear-market territory after a government report showed manufacturing in China continues to contract, sparking renewed concerns over the nation’s wobbly economic recovery.

Posted on 31/05/2023

Hong Kong renovation saga: all you need to know about modifying your flat and how to do it safely and legally

A video posted online showing a renovated flat led to an investigation into the modifications Homeowners should make sure they know which renovations need government approval Sharp-eyed internet ...

Posted on 30/05/2023

How can Hongkongers benefit from e-HKD? Consumers can draw comfort from its security, higher returns and even offline payments

Sixteen banks and payment companies have rolled out a dozen pilots of the e-HKD among small groups of customers using, as part of HKMA’s plan to introduce a central bank digital currency to the public ...

Posted on 30/05/2023

Hong Kong building authorities, MTR Corp order flat owner who modified load-bearing wall to take action to ensure structural safety

According to video and floor plans, part of the alleged load-bearing wall was modified to create a door in Lohas Park flat.

Posted on 30/05/2023

39 top overseas academics recruited under Hong Kong talent scheme, but some say shortage of lab resources, high property costs a deterrent

Limited lab space, lack of modern equipment, and high rents, putting off academic staff from overseas, foreign scientists say.

Posted on 28/05/2023

Are mainland Chinese buyers still in the mood for loving Hong Kong homes?

Recent data and trends, as well as anecdotal evidence, all point to mainland Chinese buyers going beyond Hong Kong in search of new property investments.

Posted on 27/05/2023

Hong Kong’s development chief says companies granted land at proposed technopole will be banned from leaving it vacant, arbitrarily selling or changing its use

Secretary for Development Bernadette Linn says maximising land premiums is not a top priority for San Tin Technopole Lawmakers and groups voice concerns over regulation of granted land lots, including ...

Posted on 25/05/2023

Historic villa in Hong Kong’s Pok Fu Lam acquired by PAG CEO Gradel for US$70 million

Villa Ellenbud, which was built in the 1920s and is a Grade III historic building, has been acquired by Christopher Marcus Gradel, official documents show.

Posted on 25/05/2023

Hong Kong will require 300,000 more public housing tenants to declare property every 2 years under tightened rules

Tougher approach comes after authorities banned public housing tenants who are property owners from buying subsidised flats Tightened measures aimed at ensuring effective use of public resources, ...

Posted on 24/05/2023

Hong Kong Office Market Driven by Upgrading User Demand in 2023

According to JLL's latest Hong Kong Property Market Monitor Report, Hong Kong's Grade A office market is mainly driven by upgrading demand following more new office completions this year.

Posted on 23/05/2023

Hong Kong residential projects achieve high sell-through rates in April

Thanks to the attractive pricing of the new launches. According to JLL, major Hong Kong banks raised their prime rate from 5.625% to 5.75% in May, following the latest US rate hike. Due to an increase ...

Posted on 23/05/2023

Hong Kong’s lived-in home prices to drop 5 per cent this year as sales sputter amid new-home glut, high interest rates

Property consultancy Knight Frank joins JLL and Citi in predicting ... has joined a growing chorus that believes lived-in home prices are destined to slide in Hong Kong as sales sputter after a ...

Posted on 22/05/2023

What Hongkongers buying UK property need to know about the mortgage process and requirements

Analysts say now is a good time for Hongkongers to buy property in the UK. Here is what potential buyers need to know about mortgage requirements, the buying process and the types of loans available.

Posted on 21/05/2023

Hong Kong’s homebuyers return to market, snapping up new flats at In One Above project in Ho Man Tin on Sunday

Historically high lending rates did not deter buyers from purchasing more than half the available flats at the In One Above project by Chinachem Properties and MTR Corporation on Sunday.

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