“The move would not be a surprise to us,” said Raymond Cheng, property analyst in Hong Kong at CGS-CIMB. “It is a way to attract more talent, especially from mainland China.” The action may be needed ... ( read original story ...)
Hong Kong Property Stocks Jump on Potential Tax Cut Report
Shares of Hong Kong-based developers rallied after a Bloomberg report that the city’s government is considering cutting property tax for non-resident buyers, a move that could stabilize the ailing ... ( read original story ...)
Hong Kong property sales tumble to three-decade lows
Hong Kong’s sagging property market is set to post its lowest sales volume in three decades with prices headed for their biggest on-year decline since the 2008 financial crisis, real estate analysts ... ( read original story ...)
Hong Kong’s housing market cooling measures: What are they? Have they done their job? And should they be relaxed?
The government and the monetary authority have introduced a variety of duties and rules to cool the city's hot property market since 2010 With the market now in a slump, developers and agents would ... ( read original story ...)
Hong Kong property market is tumbling
On a recent Saturday, more than 100 salespeople swarmed the floors of a luxury shopping mall in Hong Kong, haranguing shoppers to check out deals at one of the city’s latest residential projects. ( read original story ...)
Hong Kong developers lobby government to end cooling measures, protect homeowners from negative equity amid price slump
The Real Estate Developers Association is lobbying the government to lift stamp duties imposed as a cooling measure when the market was much hotter The number of homes valued below their mortgage loan ... ( read original story ...)
Hong Kong’s Property Market Is Tumbling as Unsold Homes Pile Up
On a recent Saturday, more than 100 salespeople swarmed the floors of a luxury shopping mall in Hong Kong, haranguing shoppers to check out deals at one of the city’s latest residential projects.One ... ( read original story ...)
Chinese homeowners in a rush to clear mortgages early as consumers turn pessimistic over economic outlook
“The drop in new mortgages is much larger than the drop in new home sales ... “But I’m determined to make the effort and save money for a rainy day.” Based in Hong Kong, Pearl covers the property ... ( read original story ...)
Housing in Hong Kong: A pipe dream?
Only 7 per cent of developed land in Hong Kong is allocated for residential use, with more than 220,000 people living in cage homes and waiting an average of six years for a public housing unit. ( read original story ...)
To turbocharge home ownership, Hong Kong needs a new subsidised housing scheme
Subsidised housing prices should be tied to household income, not land premiums, to give more families home ownership opportunities Allowing more people to buy their own homes would ease the ... ( read original story ...)
Hong Kong home prices could nosedive 30% through 2023: Goldman Sachs
Hong Kong home prices are set to plummet by as much as 30 percent ... we expect further downside risks to the residential property market, which could mean continued price falls and low transaction ... ( read original story ...)
Consulates in Hong Kong faced with ‘unusual’ request from Beijing for information on their city properties
Several diplomats based in Hong Kong have said they are still considering how to comply with what one called an “unusual” request by China’s foreign ministry to provide details about properties their ... ( read original story ...)
Hong Kong residential sales hit 4,137 units in August
NOVO LAND Phase 1B in Tuen Mun was oversubscribed by about 48 times. According to a Knight Frank report, Hong Kong home prices remained under pressure in August. The overall home price index dropped 1 ... ( read original story ...)
Hong Kong property sales post modest results in October debut as homebuyers await new policies, expect further rate increase
Local homebuyers are taking a wait-and-see approach ahead of major policy announcements in Hong Kong and the mainland, and a further rise in interest rates. ( read original story ...)