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 ...)
Hong Kong property: why the end of quarantine will not end the pressure on rentals market, with resident departures still a concern
The city’s property sector has to contend with a slowing economy, a stock market fall, rising inflation, higher interest rates and resident departures. ( read original story ...)
Why the end of quarantine will not end the pressure on city’s property rentals market, with resident departures still a concern
The city’s property sector has to contend with a slowing economy, a stock market fall, rising inflation, higher interest rates and resident departures. ( read original story ...)
Hong Kong property developer New World expects housing market to feel the squeeze from rising interest rates
Housing market will gradually recover as there is still strong demand for homes, says New World CEO Adrian Cheng, after developer posts an 8.5 per cent increase in full-year profit to US$159.2 million ... ( read original story ...)
Hong Kong government brushes aside cooling housing market as it lines up three residential plots worth US$4.9 billion for sale
The three sites in Kai Tak, Stanley and Kennedy Town will yield around 2,500 flats, but analysts expect developers to be conservative in their bids amid a slowdown in the housing market. ( read original story ...)