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Tag: property

Posted on 25/05/2023

Historic villa in Hong Kong’s Pok Fu Lam acquired by PAG CEO Gradel for US$70 million

Villa Ellenbud, which was built in the 1920s and is a Grade III historic building, has been acquired by Christopher Marcus Gradel, official documents show.

Posted on 25/05/2023

Hong Kong will require 300,000 more public housing tenants to declare property every 2 years under tightened rules

Tougher approach comes after authorities banned public housing tenants who are property owners from buying subsidised flats Tightened measures aimed at ensuring effective use of public resources, ...

Posted on 24/05/2023

Hong Kong Office Market Driven by Upgrading User Demand in 2023

According to JLL's latest Hong Kong Property Market Monitor Report, Hong Kong's Grade A office market is mainly driven by upgrading demand following more new office completions this year.

Posted on 23/05/2023

Hong Kong residential projects achieve high sell-through rates in April

Thanks to the attractive pricing of the new launches. According to JLL, major Hong Kong banks raised their prime rate from 5.625% to 5.75% in May, following the latest US rate hike. Due to an increase ...

Posted on 23/05/2023

Hong Kong’s lived-in home prices to drop 5 per cent this year as sales sputter amid new-home glut, high interest rates

Property consultancy Knight Frank joins JLL and Citi in predicting ... has joined a growing chorus that believes lived-in home prices are destined to slide in Hong Kong as sales sputter after a ...

Posted on 22/05/2023

What Hongkongers buying UK property need to know about the mortgage process and requirements

Analysts say now is a good time for Hongkongers to buy property in the UK. Here is what potential buyers need to know about mortgage requirements, the buying process and the types of loans available.

Posted on 21/05/2023

Hong Kong’s homebuyers return to market, snapping up new flats at In One Above project in Ho Man Tin on Sunday

Historically high lending rates did not deter buyers from purchasing more than half the available flats at the In One Above project by Chinachem Properties and MTR Corporation on Sunday.

Posted on 19/05/2023

Hong Kong land sale could fetch US$294 million for Kennedy Town plot expected to yield 450 flats

Leung echoed the view that developers may bid more conservatively than in the past because of higher financing costs amid the current high interest rates, as well as slow sales in the primary Hong ...

Posted on 19/05/2023

Hong Kong proposes speeding up land lease renewal process, with 300,000 set to expire by 2047

Hong Kong authorities have proposed speeding up the land lease renewal process through a new law as more than 300,000 are set to expire by 2047, 50 years after the city’s return to Chinese sovereignty ...

Posted on 17/05/2023

Hong Kong treasury chief stonewalls calls for more relief measures for homebuyers as Legco approves stamp duty bill

Secretary for Financial Services and the Treasury Christopher Hui says stamp duty bill will benefit about 37,000 homebuyers.

Posted on 17/05/2023

Hong Kong’s ageing population time bomb to leave a shortage of 60,000 residences for the elderly by 2032: JLL

With Hong Kong set to face a shortage of over 60,000 residences for the elderly by 2032, the government needs to create enough accommodation to defuse the ‘huge social problem’, according to JLL’s ...

Posted on 17/05/2023

10 convicted of rioting during 2019 Hong Kong protests sentenced to up to 58 months in jail

A total of nine defendants sentenced in the District Court on Tuesday were convicted in April of rioting during a large-scale disturbance near the Polytechnic University (PolyU) campus in Hung Hom on ...

Posted on 17/05/2023

Hong Kong Disneyland Resort Announces Opening Date for World of Frozen Land

Hong Kong Disneyland Resort announced that the amusement park’s new Frozen-themed land would debut in November.

Posted on 16/05/2023

Hong Kong Courts Recognise Cryptocurrency As Property.

Hong Kong Courts Recognise Cryptocurrency As Property. Legal News and Analysis - Hong Kong - Banking & Finance - ...

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