• Sat
  • Jul 26, 2014
  • Updated: 9:59am


Hong Kong home rents fall as owners cancel sale plans amid falling prices

In the Lohas Park development in Tseung Kwan O, rents dropped by up to 20 per cent last month, taking rates back to the same level as early last year, according to Alvin Ma, a senior district manager at Midland Realty's branch in Tseung Kwan O.

Wednesday, 15 May, 2013, 3:06am 3 comments

Central office rents to decline further over woes in banking sector

Office rental in Central, the most expensive worldwide, is set to extend its biggest decline since the global credit crisis, the world's two biggest property agents say.

11 Jan 2013 - 3:56am


The luxury leasing market is sending mixed signals with more rentals but falling rents. Figures from Ricacorp show transactions in June were the highest in 11 months, at 232. New Territories performed the strongest with Palazzo in Fo Tan recording 55 per cent more deals than May. Transactions in Kowloon, however, fell.

15 Aug 2012 - 10:54pm

Mak 'allowed tenant to sell' controversial flat

Secretary for Development Mak Chai-kwong authorised a civil-servant tenant to sell a flat that is a cause of controversy because of a 'cross-leasing' scheme, Lands Registry documents reportedly show.

The other civil servant, Tsang King-man, meanwhile rented his own flat to Mak and later authorised Mak to sell it, Apple Daily reported.

8 Jul 2012 - 12:00am

Make the rich pay for their fun

No one likes to subsidise the expensive private clubs that are the exclusive haunts of powerful tycoons and rich tai-tais. Yet however you spin it, this is what the government has been doing by leasing land to these clubs free of charge or for a token annual sum.

16 Dec 2011 - 12:00am

A property manager is a jack of all trades

If you love helping others solve their problem, the job of a property manager might be right for you. 'It is a property manager's duty to help tenants solve all sorts of problem - it can be a hygiene or security issue, or as simple as helping shoppers find their way in the mall,' says Passy Wong Wai-chung (below right), senior manager for leasing and management at Hang Lung Properties.

18 Nov 2011 - 12:00am

Economy, rent surge slow shops market

Leasing and sales of retail properties have slowed in the past two months as market turmoil and steep rises in rents and prices bite, agents say.

5 Oct 2011 - 12:00am

Developers attracted by a sense of history

Property developers are showing an increased interest in buying old colonial-style historic buildings as long-term investments.

Once reluctant to buy such buildings in the absence of an unambiguous government policy on their status and uncertainty over their future potential, developers are now throwing those cautions to the winds.

22 Jun 2011 - 12:00am

Doctor is accused of HK$2.2m rent scam

A public doctor was accused of embezzling more than HK$2.2 million in housing allowances by claiming rent on a flat he owned and asking another doctor to say he was the owner.

1 Jun 2011 - 12:00am

Home sales slip after policy address rebound

Property sales ended lower last week after their initial rebound following last month's policy address.

About 750 flats were sold from October 25 to 31 in the 50 leading housing estates monitored by Ricacorp Properties, down 2 per cent on the 804 deals recorded the previous week.

3 Nov 2010 - 12:00am