Hong Kong saw sales of commercial real estate and residential buildings fall to a 19-year low in the second quarter as high interest rates took a toll on investment property transactions.
Hong Kong’s home prices to decline further amid high mortgage rates, glut of new units, lack of mainland buyers: JLL
Hong Kong’s floundering residential property market has not yet bottomed out, and the road to recovery will be long and difficult given headwinds including high interest rates, a glut of unsold new ...
Hong Kong Mortgage Easing Is Cold Comfort to Buyers With High Rates
Hong Kong’s relaxation of residential mortgage rules is likely to do little to spur demand from homebuyers who remain deterred by surging interest rates, according to analysts. Most Read from ...
In world’s most expensive property market, homes for the dead can cost more than for the living
Starting at $53,000 for a space not much larger than a shoebox, it is a pricey place to stay, even in a city famed for the world’s most expensive property market.
Hong Kong Relaxes Mortgage Rules to Support Property Sector
The Hong Kong government relaxed its residential mortgage rules for the first time since 2009 in a bid to boost the weakening property market. Most Read from BloombergMeta’s Threads App Draws Millions ...
Hong Kong home rents and leasing activity expected to rise in second half: Cushman
Hong Kong home rents are expected to continue rising in the second half of 2023 despite the volatility in home prices, Cushman and Wakefield said.
Cushman says Hong Kong home rents and leasing activity expected to rise in second half, even as analysts paint divergent picture for home prices
Hong Kong home rents are expected to continue rising in the second half of 2023 even as the volatility in home prices persists, Cushman and Wakefield said. The city’s housing market initially ...
Wheelock wins Kennedy Town tender at lowest price for Hong Kong Island since 2002
The government’s first land tender of the financial year has fetched the lowest price for Hong Kong Island since June 2002 and is more than 25 per cent lower than prices seen in November.
Hong Kong property market deal flow seen slowing further after transaction volumes fall to a five-month low in June
The number of property transactions in Hong Kong struck a five month low of 4,770 in June, down 10 per cent from May, according to real estate agency Ricacorp Properties That trend is unlikely to ...
Hong Kong buildings authority under fire over second case in 3 days of falling concrete from block
Secretary for Development Bernadette Linn orders head of Buildings Department to look into blocks in city that have not undergone integrity checks after warning.
Hong Kong property market deal flow seen slowing further in July as warnings about higher interest rates curb demand
The number of property transactions in Hong Kong struck a five month low of 4,770 in June, down 10 per cent from May, according to real estate agency Ricacorp Properties That trend is unlikely to ...
China’s Shimao may add Hong Kong hotel to sweeten restructuring proposal
Shimao Property said on Monday (Jul 3) it may include its hotel in Hong Kong as a sweetener in its offshore debt restructuring, instead of selling the property. Shimao, the first major Chinese ...
Hong Kong retail property segment cashes in as mainland Chinese tourists return to spend on luxury, dining out
Retail has outperformed all other property segments, Colliers Hong Kong executive says 'Retail market shall continue to improve as the number of mainland tourists is expected to grow': CBRE Hong Kong ...
Hong Kong property: plot of land for flats in Kennedy Town fetches just 6 bids as high interest rates, market gloom deter developers
The first government land tender of this financial year ended up attracting far fewer bids than expected as the prospect of further interest rate hikes and new housing supply dimmed the outlook for ...