Topic
Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers.
Given city’s ageing population, the government should conduct more promotional activities on end-of-life planning, such as talks and tours of memorial gardens, so that more people may opt for sustainable alternatives and ease demands on burial facilities.
Large supply of homes due to come online soon in Hong Kong will, hopefully, help thwart the rise of a new generation of speculators.
A worrying investigation by the consumer watchdog identified problems that will only deepen unless a fix is found.
- CK Asset sold 130, or 70 per cent, of the 184 units on offer on Saturday, according to sales agents
- The flats put up for sale include two-bedroom to four-bedroom units priced between HK$10,548,000 and HK$37,691,000
One-fifth of those buildings are located in Yau Tsim Mong, home to 60-year-old New Lucky House where blaze killed five and injured 43 others.
A wholly-owned unit of Lai Sun Development Company, a Hong Kong property firm, has sold its equity stake in the AIA Central skyscraper for HK$1.42 billion (US$180 million) in a bid to boost its liquidity.
The launch of Blue Coast marks the biggest residential offering since the city government removed property curbs and relaxed its mortgage policies in February.
Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.
‘We want to be careful and we want to cement real businesses, which are happening at the moment … there are talks already,’ Amira Lobaton from prince’s private office says.
Hong Kong property sales rose to a 10-month high in March, surpassing 5,000 deals a month after the government lifted all property cooling measures, data from the government shows.
The third price list covers 174 units and is 1.73 per cent higher than the first price list. CK Asset released the first price list for 138 units last Friday and a second one for 110 units last Saturday.
Hong Kong has been shut out of the rankings in a survey of innovation and concentration of talent in which cities in the Asia-Pacific region took five of the top 10 spots.
Urban Renewal Authority’s streamlined tendering plan designed to boost developers’ interest in bidding and speed up process, managing director says.
An influx of non-local higher-education students is creating opportunities for property investors and hotel owners as a shortfall of accommodation widens, according to industry insiders.
Housing director Rosanna Law says she is ‘not very worried’ about slowdown in subsidised homes market and highlights number of people ‘waiting in line’ for public flats.
Second price list for Wong Chuk Hang project includes two- and three-bedroom flats priced from HK$9.05 million (US$1.16 million) to HK$24.7 million.
Trends are likely to cap any rental gains in the retail property segment, where recovery will proceed in a gradual manner, analysts say.
The embattled property developer posted a 46.4 per cent slump in net profit for 2023, alarming investors just weeks after markets were roiled by rumours of liquidity problems at the firm.
UAE prince’s Hong Kong private office shares space with established casino-linked firm; news comes after surprise postponement of opening.
The developer has priced its closely-watched new project in Wong Chuk Hang well below cost and cheaper than neighbouring developments in a sign it may be trying to ensure the first batch of flats sells out in the hopes of drumming up interest in the remaining units.
Office says ‘urgent matters in Dubai required the sheikh’s attention’.
The 14-storey office tower in West Kowloon will bring the bank’s staff, who are currently spread around the city, under one roof and will also be used to host VIP client meetings. UBS expects to move into the building by 2026.
It is the second increase since authorities imposed a new formula that takes into account affordability for the public.
The lived-in home-price index fell 1.7 per cent in February versus 1.2 per cent in January, according to the Rating and Valuation Department. Prices have fallen for 10 months in a row, losing 13.7 per cent in value.
Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million or more since the removal of all of Hong Kong’s property curbs last month, JLL says.
Illustrations by local artists cover 220-metre-long hoarding wrapped around city’s most expensive commercial plot at Central harbourfront.
Readers discuss criticism of the plan to develop artificial islands off the coast of Lantau, possible irregularities in the sale of flats by tender, and the turnaround in Cathay Pacific’s fortunes.
Homes in England are more cramped than those in New York City, according to new analysis that showed UK property offers the worst value for money in the developed world.
