Tag: property

Some Hong Kong retirees are using their Mandatory Provident Fund savings to help their children buy property, according to a survey conducted by the Hong Kong Investment Funds Association. A poll of 600 retired people conducted between July and September ... ( read original story ...)

The Hong Kong Monetary Authority on Thursday morning raised the city’s base lending rate, in lockstep with a similar increase by the US Federal Reserve to defend the local currency’s peg and add upwards pressure to mortgage payments linked to interbank ... ( read original story ...)

DREAMS ON HOLD: 27% of Hong Kong people are convinced that they will not be able to afford a property in Hong Kong in their lifetime LOVE DELAYED: Marriage plans postponed due to high property prices NANO IS THE NEW NORMAL: 'Nano flats' become the new ... ( read original story ...)

Hong Kong’s two largest property agents, Centaline and Midland, enjoyed sharp increases in commission revenue generated in the city last year, as sales of new homes and prices surged to record highs. But market commentators are warning the sector’s ... ( read original story ...)

HONG KONG (Thomson Reuters Foundation) - When Hong Kong property tycoon Cecil Chao offered $65 million to any man who could win over his lesbian daughter and make her straight, he inadvertently laid the ground for her to become one of Asia’s most ... ( read original story ...)

Out of a total population of around 7.36 million, around one in seven people in Hong Kong is now a millionaire, and property is the main investment vehicle. Rising property prices as well as growing stock markets have both contributed to the increase in ... ( read original story ...)

2018 marks the 150th anniversary for RICS. The annual RICS dinner and award presentation ceremony, held 23 March 2018 at the Grand Hyatt Hong Kong, is one of the highlighted events for celebrating this milestone. RICS CEO Dr Sean Tompkins joined the event ... ( read original story ...)

The Rating and Valuation Department today (March 23) released the preliminary findings of its annual review of production and activities in the local property market. The preliminary findings, to be incorporated in the Hong Kong Property Review 2018, cover ... ( read original story ...)

Residential property sales in Hong Kong soared 34% year on year in February despite it being a traditionally low season for the real estate market, the latest analysis report shows. Sales were also up 4% month on month and in the prime property sector ... ( read original story ...)

Construction of Hong Kong’s first social housing development made from prefabricated units could be completed as early as September next year under a government-backed pilot project for the needy. Property giant Henderson Land Development agreed to lease ... ( read original story ...)

Hong Kong property firm New World Development said it had taken out city’s first green loan, borrowing HK$3.6 billion (US$458.8 million) from a group of local and international banks and joining the growing pack of companies to tap capital through green ... ( read original story ...)

Property is a hot topic in Hong Kong. But high prices mean that the dream of owning real estate in the city remains just that for many. That is one of the findings of a recent survey by property specialists REA Group, which found many people in Hong Kong ... ( read original story ...)

The first private housing estates featuring fireproof shelters on each floor, which will give elderly or disabled people a place to hide if a blaze breaks out, are expected to go on sale in the second half of this year, the Post has learned. But having ... ( read original story ...)

Hong Kong’s red-hot property sector isn’t showing signs of cooling, but shares of local real-estate developers aren’t keeping pace. Home prices in the city of 7.4 million people have nearly tripled since 2009, jumping nearly 17% last year alone ... ( read original story ...)