• Sat
  • Aug 30, 2014
  • Updated: 4:54am

Property market in Hong Kong

Uncertain outlook drags on luxury flat site price

Wheelock Properties outbid 11 developers to win the 83,033 square foot site for HK$3.83 billion, or HK$9,875 per square foot. Surveyors had estimated it would fetch between HK$3.8 billion and HK$4.38 billion.

Saturday, 15 June, 2013, 3:29am 3 comments

Home prices to fall further, agents say

Estate agents believe home prices in Hong Kong could drop a further 5 per cent in the second half of the year, bringing the total decline for 2013 to around 10 per cent.

12 Jun 2013 - 3:56am 2 comments

Hong Kong second-hand home prices stable as sales volume picks up

Prices of second-hand homes in Hong Kong have been stable, with the number of sales picking up at a gradual pace.

12 Jun 2013 - 4:07am

Scheme for Hong Kong buyers needs more work to meet goal

The government's "Hong Kong Properties for Hong Kong People" scheme aims to help the city's struggling middle class on to the property ladder. But it risks becoming another get-rich vehicle for investors.

11 Jun 2013 - 3:25am

Official meddling to blame for lofty home prices, too

I'm not quite sure what to make of this. The normal practice for testing public opinion on a new initiative is to have the top government official concerned call in selected journalists and tell them they can only attribute it to "a high-placed source".

11 Jun 2013 - 4:22am 4 comments

Fall in Hong Kong property prices may be good for the economy

Property developers, investors and homeowners are growing increasingly concerned about the government's frequent and strident statements on excessive froth in the property market. Does this mean that everyone else can rest easy?

10 Jun 2013 - 3:35am 4 comments

Buyers return to property market

Data from the Land Registry yesterday showed it received 5,288 property sale and purchase agreements for registration, 20.5 per cent more than in April. Year on year, the figure fell 54 per cent.

5 Jun 2013 - 4:05am

Cooling efforts bring no joy for priced-out buyers

Policy measures intended to cool the hot property market have so far failed to reduce housing prices to more affordable levels, say disappointed home-seekers.

3 Jun 2013 - 5:05am

June a Hong Kong market test as developers release flood of flats under new rules

The state of the city's property market will be tested from next month when a flood of pent-up releases is expected once developers have completed new marketing material that complies with tighter sales regulations introduced by the government.

22 May 2013 - 3:51am 1 comment

Timing in the market can be hit or myth for buyers

Is it the right time to buy? A reader raised this question when he read the news that Frederick Ma Si-hang, a former secretary for commerce and economic development, recently bought a unit at Pacific View in Tai Tam for HK$35 million, about a year after he sold his flat in Magazine Gap Road in Mid-Levels.

14 May 2013 - 3:33am 1 comment