Hong Kong home prices

First-time homebuyers responding well to discounts

All 216 flats in the first batch at Trinity Towers were sold within four hours at discounted prices. Photo: Dickson Lee

The enthusiastic response to the sale of flats at Trinity Towers in Sham Shui Po at the weekend confirmed the existence of solid demand among first-time homebuyers, but the interest in homes requiring payment of a larger lump sum remained to be seen, agents said.

Wednesday, 2 April, 2014, 3:08am

Tai Po flat prices cut after bids for Pak Shek Kok site don't meet reserve price

The owner of a flat at Deerhill Bay cut its asking price by HK$3 million. Photo: K. Y. Cheng

Homeowners in Hong Kong wishing to sell their flats may be more willing to reduce their asking prices after the government withdrew a residential site in Tai Po from sale last week.

7 May 2015 - 4:01pm

Home sales rise as owners cut asking prices

Analysts expect home prices to continue to edge down. Photo: AFP

Home sales in the secondary market picked up in the past week as more flat owners cut their asking prices. Analysts said the outlook was negative, with prices edging down.

7 May 2015 - 12:48pm

Letters to the Editor, December 31, 2012

More to be done to tackle Hong Kong's housing problem. Photo: Bloomberg

Flats initiative a short-term measure

I was delighted by the government's announcement on Monday, December 24, that it planned to boost land supply [in the coming quarter] for the construction of 3,000 new apartments.

7 May 2015 - 3:07pm 3 comments

Only way is up if you take the long-term view

Home prices in "world class cities" always rose in the long run.

Two weeks after the government announced new stamp duties in a bid to hose down overheated home prices, the talk of the town is still where prices are headed.

13 Nov 2012 - 9:01am

What property can you buy for HK$4m?

Finding a property large enough, or in the right area of Hong Kong, is a major problem for anyone with a limited budget. Photo: Felix Wong

Grumbling about the city's soaring flat prices may be one of the most common chit-chat topics at gatherings these days.

6 Nov 2012 - 2:09pm

Lai Sun rules out price cut despite new property tax

Chew Fook Aun, the deputy chairman of Lai Sun Development, says the company will actively replenish its land bank. Photo: May Tse

Lai Sun Development has no plans to cut the prices of its new project in Yau Tong despite the 15 per cent additional stamp duty imposed on non-permanent residents and corporate buyers.

31 Oct 2012 - 3:17am

Hong Kong financial secretary's property moves seen as a bad idea

Financial Secretary John Tsang Chun-wah. Photo: Felix Wong

I can understand the difficulty from Financial Secretary John Tsang Chun-wah's perspective. He is a holdover, on approval, from the previous administration and his new boss has adopted a pro-active approach: government will not be passive. Government will do things.

30 Oct 2012 - 9:14am 11 comments

Hong Kong developers decline after investors sell on tighter home-buying rules

Alan Cheung, a manager at a Centaline Property branch in Taikoo Shing, putting up discount posters over the weekend. Photo: KY Cheng

Shares of Hong Kong property developers slumped yesterday on fears that tighter home buying rules will frighten cash-rich mainland buyers and cause a slide in property prices.

30 Oct 2012 - 10:02am

New stamp duty seen hitting sales volume and property prices

New stamp duty seen hitting sales volume and property prices

Property analysts were surprised by the announcement yesterday of a 15 per cent additional stamp duty on corporate and non-permanent-resident buyers of homes in Hong Kong. They said the levy would drive down sales volume and home prices.

7 May 2015 - 12:48pm

Chinese mainlanders buy smaller share of new Hong Kong homes

Mainland buyers are making up a smaller percentage of buyers of new homes in Hong Kong, focusing on the luxury end of the market. Photo: Dickson Lee

Mainland property buyers, once blamed for pushing up Hong Kong home prices, are accounting for a shrinking share of new home sales as local buyers return to the market.

24 Oct 2012 - 8:18am

Where now for the Hong Kong dollar?

A security guard at the Hong Kong Monetary Authority headquarters. Some investors are betting the peg will go. Photo: Bloomberg

Hong Kong's determination to maintain its exchange-rate peg to the US dollar has the confidence of currency-forward traders even as it fails to sway hedge-fund investor William Ackman.

The founder of New York-based Pershing Square Capital Management said at the weekend that he was keeping a wager that would profit if Hong Kong let its currency appreciate.

23 Oct 2012 - 4:19am

'Strange and worrying' that Hong Kong government doesn't get it

'Strange and worrying' that Hong Kong government doesn't get it

The weekend's Sunday Morning Post carried a strange and worrying news article.

It described Anthony Cheung Bing-leung's struggle to understand Hong Kong's property prices.

16 Oct 2012 - 5:29am 6 comments

Abnormal interest in home affordability

Abnormal interest in home affordability

Hong Kong home prices are continuing to break records, while rents are rising at a slower pace and even dropping in some sectors, according to the latest figures. The difference in the trends of prices and rents might be a sign that demand for homes is decreasing …

SCMP, October 10

11 Oct 2012 - 3:03am 18 comments

Property prices in Hong Kong continue to set records

Hong Kong home prices are continuing to break records, while rents are rising at a slower pace and even dropping in some sectors. Photo: Bloomberg

Hong Kong home prices are continuing to break records, while rents are rising at a slower pace and even dropping in some sectors, according to latest figures. The difference in the trends of prices and rents might be a sign that demand for homes is decreasing, an analyst said.

10 Oct 2012 - 12:07pm