A flagship $3.4 billion plan by Hong Kong to build temporary housing to ease a massive shortage is facing fierce criticism over its high cost and the absence of a longer-term solution in one of the ...
‘Someone to talk to’: struggling elderly Hong Kong man shuns proper government flat for cramped ‘coffin home’ because it offers human company
Coffin' homes offer a tiny sanctuary for Hong Kong's disadvantaged who cannot keep up with city's high-priced property market Thousands of people live in units notorious for poor living conditions and ...
Mainland buyers in Hong Kong’s luxury home segment hits record lows
The proportion of Mainland buyers was at an all-time low of 29% in 2022. According to a Savills report, the proportion of Mainland buyers of luxury properties valued above HK$100 million on the Peak, ...
Hong Kong property developers, led by Sun Hung Kai, K Wah, rush 27,000 new homes to market as sales uptick stokes hopes
Hong Kong’s major property developers are rushing to put more than 27,000 new homes on the market this year, seizing on an uptick in buying sentiment and transaction volume after the relaxation of ...
One of Hong Kong’s priciest homes sells for US$16.6 million loss off of 2019 price, as luxury segment slumps
“The disposal at a loss was just in line with the market changes.” Luxury homes in Hong Kong are forecast to see a 1.5 per cent price decline this year, according to property consultancy Knight Frank.
Hong Kong property deals hit three-month high in January, could rise again this month, as mainland Chinese visitor numbers grow
Hong Kong’s property market regained some of its sparkle in January, with deals rising to a three-month high as the border with mainland China reopened and free travel resumed. This trend could ...
Hong Kong’s Urban Renewal Authority withdraws Kwun Tong land sale that drew only 1 bid amid pessimistic outlook
the second withdrawal of a land sale in Hong Kong this year as developers' appetite for new projects remains suppressed amid weak market sentiment. Property market watchers had anticipated the ...
Hong Kong’s borrowing cost keeps falling even as benchmark rate rises
The Hong Kong Monetary Authority (HKMA) raised its benchmark interest rate in line with the US Federal Reserve on Thursday in a move that’s likely to have little immediate impact on the real cost of ...
Hong Kong’s New World Development denies sale of K11 Atelier stake, citing ‘robust cash reserves’
The developer, owned by the family of billionaire Henry Cheng Kar-shun, issued a statement to say it has US$13.4 billion in capital and ‘no plans to sell any stake in K11 Atelier King’s Road’.
New World considers sale of majority of $1.4 billion Hong Kong office tower – sources
Hong Kong's New World Development is talking to investors about the sale of a majority stake in an office tower under its premium K11 brand as it disposes of non-core assets to fund its rapid ...
Mortgage loans in Hong Kong drops by nearly 10% in December
Loans stood at HK$25.6b during the month, the Monetary Authority reported. Residential mortgage loans approved in December declined by 9.4% in December to HK$25.6b, the Hong Kong Monetary Authority ...
Hong Kong’s negative equity mortgage cases surge to near 18-year high
Cases of negative equity in Hong Kong's residential mortgage loans jumped nearly 22-fold in the fourth quarter from the previous one, the city’s de facto central bank said, as home prices continued to ...
Hong Kong spends $4.4b on temporary homes to ease crisis, long waits
Hong Kong aims to cut the waiting for public housing to 4.5 years from 5.6 years with the initiative. Read more at straitstimes.com.
Hong Kong: property agents share top tips for expats on how to strike the best rental deals in city
Expats should be open-minded and willing to compromise, say agents, with property typically smaller than in other markets.