Government estimates it will generate HK$85 billion from land premium income, including sales of 18 sites in coming financial year.
Budget 2023-24: Hong Kong revamps investment scheme for residency – but amount needed will be ‘multiples’ of old HK$10 million threshold
Capital Investment Entrant Scheme will exclude property deals, Financial Secretary Paul Chan says Treasury chief Christopher Hui says officials will consider which asset types are allowed under the ...
Hong Kong gives first-home buyers a leg-up with ‘adjustment’ to decade-old stamp duty
Hong Kong’s government will adjust a decade-old stamp duty on mass-market homes to help the city’s first-home buyers get on the property ladder, as it looks to make housing more affordable in the ...
Hong Kong gives first-home buyers a leg-up with trims to ad valorem stamp duty
Hong Kong’s government will adjust a decade-old stamp duty on mass-market homes to help the city’s first-home buyers get on the property ladder, as it looks to make housing more affordable in the ...
Hong Kong gives first-home buyers a leg-up with ‘adjustment’ to decade-old duty
Adjustments aimed at 'easing the burden on ordinary families of purchasing their first residential properties', Paul Chan says Measure effective immediately, will benefit 37,000 buyers and cost the ...
Hong Kong banks hit by China property exposure
Hong Kong-listed banks have reported an increase in expected losses linked to their exposure to the ailing property sector in mainland China, despite a brighter overall earnings picture. HSBC Holdings ...
Sino Land set to launch some 2,100 flats this year as it turns ‘cautiously optimistic’ on Hong Kong’s property market
Sino Land, which posted a 36 per cent decline in half-year profit, plans to launch nearly 2,100 flats, including about 640 in Lohas Park this year Efforts to attract global talent, a tapering of the ...
Chinese cities cut mortgage rates for first-time buyers to lowest since 2019 in bid to revive property market
The average rate for a first home in 103 mainland Chinese cities fell to 4.04 per cent in February, the lowest level since 2019, according to the Beike Research Institute.
Hong Kong Property Slump Leading Hong Kong Investors To UK Property
UK property is becoming incredibly popular for Hong Kong residents and investors in the face of a difficult domestic market. The number ...
Hong Kong’s finances drained by COVID bills, slumping real estate
Hong Kong's once-swollen war chest is being drained to levels not seen in years as huge COVID bills and the cost of propping up a pandemic-hit economy challenge its fiscal fitness, economists say. The ...
Hong Kong stocks drop as Chinese lenders refrain from cutting rates, US reports prompt rethink on Fed downshift
Stocks continue to struggle for traction as Chinese banks refrained from lowering their lending rates, while uncertainty about the Fed’s end-game clouds market outlook.
Workers dismantle Hong Kong’s pioneering transitional housing project, prepare to move parts to next site
Workers start taking apart Nam Cheong 220, which used prefab units to provide homes for 175 residents for two years.
Hong Kong property developers dismiss investor confidence fears over national security law clauses in land sale documents
Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches But real estate association says no objections registered from members and move ...
China’s disgruntled homeowners drive ‘wave of early repayment’ on mortgages, threatening Beijing’s consumption drive
Potential homebuyers are staying cautious. "The direction of house prices is still highly uncertain even though they are already aware of mortgage rates declining in 2022," said Hans Fan, deputy head ...