Residential property

Flats for Hongkongers scheme a failure

Only two sites – both in Kai Tak – were sold under the scheme. They will provide only about 1,145 flats. Photo: Sam Tsang

When the Hong Kong government said last week there was no urgency to continue the “Hong Kong property for Hong Kong people” scheme, it was tantamount to saying the initiative – introduced in 2012 to reserve selected new homes for the city’s residents – was a failure.

Monday, 7 April, 2014, 11:29am

Stronger interest expected in luxury residential sites in Tai Po, Sai Kung

Two auctions in Tuen Mun last month went poorly. Photo: Robert Ng

Last month, two residential sites in Tuen Mun were sold at 8 per cent and 24 per cent below market expectations. The scrapping of an auction for an MTR Corporation site at Tin Shui Wai also reflected pessimism among developers about the outlook for the mass residential market in the New Territories.

5 Mar 2014 - 5:08am

Berlin home rents rise at slower pace in 2011 and 2012

A residential housing apartment block located in the Mitte district of Berlin. Berlin rents rose 3.1 per cent a year in 2011 and 2012. Photo: Bloomberg

The Berlin Mietspiege index, published last week by the Berlin Department for Urban Development, shows an average annual rise of 4 per cent for 2009 and 2010. Analysts expected an increase of 2 per cent to 4 per cent a year based on estimates compiled by Berlin landlords GSW Immobilien and Deutsche Wohnen, said Thomas Rothaeusler, an analyst at Commerzbank.

29 May 2013 - 3:21am

Sales in Hong Kong secondary home market rise as primary releases evaporate

Only two flats in Swire Properties' Dunbar Place sold at the weekend.

Data from Ricacorp Properties showed that for the week ended May 12, 176 second-hand flats were sold in the 50 largest private housing estates it monitors, up 24 per cent from 142 sales the previous week.

15 May 2013 - 3:06am 4 comments

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

Rents in Lohas Park dropped by up to 20 per cent last month. Photo: Dickson Lee

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.

15 May 2013 - 3:06am 3 comments

China home sales show mixed results after cooling measures

China home sales show mixed results after cooling measures. Photo: Reuters

Figures released by the National Bureau of Statistics show residential sales' values jumped 57 per cent year-on-year last month, but were down 13 per cent month-on-month.

15 May 2013 - 3:06am

New sales rules to curb launch of Hong Kong housing projects in short term

People browse models of the Green Code project. Photo: Nora Tam

The Residential Properties (First-hand Sales) Ordinance, aimed at shielding buyers from dishonest sales practices, came into force on Monday and will affect the launch of new flats in the short term, say property analysts.

1 May 2013 - 3:44am

A bird in the hand may cost you a flock

A bird in the hand may cost you a flock

I'm buying a Hong Kong residential property. Should I buy it in my own name or through a company and trust arrangement?

7 May 2015 - 12:48pm

Property prices may fall 20pc after curbs, agent Savills says

Opus Hong Kong at 53 Stubbs Road, The Peak, by Swire Properties. Photo: Nora Tam

The prediction follows in the wake of a sharp drop in sales of commercial and residential properties since the government raised stamp duties payable on all commercial and non-residential properties sales effective from February 22.

7 May 2015 - 12:48pm

DTZ predicts continuing uncertainty in Hong Kong property market

Taikoo Shing in Quarry Bay. Photo: Robert Ng

Overall residential prices in the secondary market have dropped about 5 per cent since the government announced the doubling of stamp duty on February 22, it noted.

7 May 2015 - 12:48pm

Government needs better ways to rein in property prices

Hong Kong residential property prices continue to rise despite a rash of cooling measures. Photo: AFP

In the past three years the government and related agencies have intervened in the property market no fewer than 25 times, introducing additional stamp duties - a Special Stamp Duty and a Buyers' Stamp Duty - and mandating banks to lower their maximum mortgage advance ratios and run increased interest rate stress-test scenarios. Most recently, it doubled ad valorem stamp duty rates.

7 May 2015 - 12:48pm

Hong Kong's new disclosure rules on flats not enough

Sun Hung Kai Properties' Riva luxury units in Yuen Long. Photo: Sandy Li

There are few ways to guarantee profits in a free market. One is monopoly; another is asymmetric information. Our largest developers have, for a long time, enjoyed advantages in both. So a new law - which aims to protect buyers from dishonest practices and which takes effect at the end of April - is long overdue. 

31 Mar 2013 - 2:08am 2 comments

Fall in rents won't last long, agents say

Sha Tin Centre

Upward pressure on Hong Kong home rents has eased as a growing number of flat owners shelve plans to sell and opt to let their apartments instead.

27 Mar 2013 - 5:44am

Sun Hung Kai Properties' Riva to offer buyers large properties

Some of Sun Hung Kai Properties' Riva luxury units in Yuen Long face the Kam Tin River, while other homes look onto the nearby Tsing Long Highway. Photo: Sandy Li

In a break from the trend by developers to release smaller new homes, Sun Hung Kai Properties has launched a low-density riverside luxury residential project in Yuen Long that may appeal to those looking to upgrade to larger houses.

27 Mar 2013 - 5:44am

Austrian property firm plans residential investment in Germany

Austrian property firm plans residential investment in Germany

Austrian company Conwert Immobilien Invest plans to buy German residential real estate, part of a strategy shift to focus more on buying and renovating apartment blocks.

27 Mar 2013 - 6:06am