Property stocks sank over concern that rising refusals to pay mortgages will affect Chinese banks Stocks had risen earlier following health minister's comments about possible quarantine-free travel by ... ( read original story ...)
Hundreds of Hong Kong land sites with room for at least 20,000 new flats stuck in limbo as owners call for government action
Many ageing flats across the city, built for civil servants, are vacant or being used for storage as land premiums make the sites unattractive for redevelopment Urban Renewal Authority pilot projects ... ( read original story ...)
Covid-19 pandemic hits value of Hong Kong’s subsidised Home Ownership Scheme flats, study shows
according to Hong Kong Metropolitan University's (HKMU) HOS Price Index, the first gauge to reflect subsidised housing price levels. The Centa-City Leading Index, a gauge of lived-in home prices ... ( read original story ...)
Hong Kong’s nano flats: does falling demand point to the end of container-size abodes?
In 2019, 642 such flats sold for a total of HK$2.3 billion, but last year only 307 were sold for a total of about HK$1.5 billion Too early to conclude that we have seen the back of nano flats, think ... ( read original story ...)
Hong Kong’s rich seeking steady returns shop for Japanese real estate
International property agents say sales increased this year as the yen fell to multi-decade lows against the Hong Kong dollar. ( read original story ...)
Smallest flats see brisk demand at first Hong Kong home sale after Xi speech underlining desire for larger homes
The sales come less than a fortnight after Xi says in a speech that: “At present, what the people of Hong Kong desire the most is a better life, a bigger flat, more business start-up opportunities, ... ( read original story ...)
How to fulfil Xi Jinping’s wish list for Hong Kong? Ask the people what they think
First, Xi said, Hong Kong should improve governance – which could be interpreted as a push for administrative reform of the government to achieve “satisfactory performance.” Effective governance, ... ( read original story ...)
DBS Hong Kong launch Green Mortgage
Customers can earn cash rebates of up to 0.1% upon successful application. DBS Bank (Hong Kong) has launched Green Mortgage, a 100% digital mortgage product for customers who purchase homes rated by ... ( read original story ...)
Cheaper Yen Lures Hong Kong’s Rich to Japanese Real Estate
Encouraged by a weaker yen, Hong Kong investors are hunting for Japanese real estate, snapping up luxury second homes on Tokyo’s waterfront and seeking steady rental yields from studio apartments in ... ( read original story ...)
Kaisa CEO’s Hong Kong luxury home fetches HK$300 million as Chinese developer sells assets to pare debt
Mai Fan, the previous owner, bought the villa in 2017 for HK$350 million through Million Link Development The company's receivers sold the 3,953 sq ft two-storey villa in Pok Fu Lam at a discount of ... ( read original story ...)
The most expensive mansion in the world sold for $111 million in Hong Kong
A tasteful six-bedroom mansion broke this year’s record as the most expensive house sold in the world. The estate is ... ( read original story ...)
Former Savills Hong Kong director joins Centrick
A former director of Savills in Hong Kong has joined the valuation team at commercial and residential property specialist Centrick. ( read original story ...)
New Chief Executive, John Lee, must streamline planning process, boost transitional homes to address Hong Kong’s housing crisis, experts say
The city's new leader should also aim to cut the amount of red tape so that residential units can be churned out at a faster pace, say property analysts The average waiting time for a public rental ... ( read original story ...)
Hong Kong’s Hysan Development, Swiss flexible office giant IWG eye expansion of their co-working spaces in the Greater Bay Area
Hysan and IWG's joint venture currently operates 34 flexible office centres across Hong Kong and the bay area and is looking to increase this A recent survey by IWG found more than three quarters of ... ( read original story ...)