Patrick Chow Moon-Kit

Hong Kong housing market 'painfully slow', says Ricacorp's Patrick Chow

Patrick Chow

Hong Kong home sales are mired in a slow and painful contraction and estate agents predict a recovery is not on the cards until after the Lunar New Year.

Monday, 10 December, 2012, 1:53pm

Small and mid-sized rents to increase

Rents for small- and medium-sized homes are expected to rise further in the second quarter after climbing 0.8 per cent in the first quarter, says realtor Ricacorp Properties.

25 Apr 2012 - 12:00am

New-home completions down - but starts are up

The number of homes completed in the city in the first seven months has plunged 43 per cent from a year earlier, Ricacorp Properties says. But housing construction starts were up.

A rise in construction starts should mean more flats coming onto the market in two to three years' time.

31 Aug 2011 - 12:00am

Unlit flats shed light on speculators' inroads

You can tell the speculators are dominating the market for luxury flats by looking up at some of the city's priciest blocks after nightfall. The lights are mostly off.

5 Mar 2010 - 12:00am

Property deals tumble 65pc as economy worsens

Property sales slumped more than 60 per cent last month from a year ago amid rising unemployment and a deteriorating economy.

There were 5,043 transactions in February, down 64.96 per cent from the same month last year, according to the Land Registry. Sales value also dropped 69.46 per cent to HK$15.87 billion.

4 Mar 2009 - 12:00am