Secondary Home Market

Hong Kong secondary home sales plunge to Sars-era levels

A Midland branch in Happy Valley. The property agency says the industry is heading for hard times as sales decline. Photo: Jonathan Wong

Property agency Midland said the number of real estate agents and branches might drop by nearly one-third if the government kept its tight grip on the housing market.

Saturday, 16 March, 2013, 3:58am

Property Digest, March 13, 2013

An index of UK house prices fell for a second month in February as interest from potential buyers failed to rebound fully from a slump in January, according to the Royal Institution of Chartered Surveyors.

7 May 2015 - 12:48pm

News of home sale tax prompts rise in weekend transactions

Buyers and sellers rush to a transaction centre  in Shanghai to complete deals after a new capital gains tax on home sales is announced. Photo: Xinhua

New measures announced last week to cool China’s residential property market triggered a surge in transactions in major cities over the weekend.

5 Mar 2013 - 6:10pm

Home prices rise steadily in major mainland cities

Home prices rose in 53 of the 70 mainland cities surveyed by the National Bureau of Statistics last month. Photo: EPA

Home prices in major mainland cities rose steadily last month on improved demand, with analysts expecting the recovery to continue next year.

19 Dec 2012 - 2:37am

Second-hand property prices in Hong Kong rebound modestly

A Hong Kong estate agent shuts up shop, during what has been a difficult period. Photo: AFP

Prices of second-hand homes in Hong Kong rebounded modestly last week, ending a three-week decline, but analysts warned the market outlook remained uncertain.

15 Dec 2012 - 3:12am

Hong Kong's secondary home prices continue to fall in wake of stamp duty change

A unit is lit at a residential apartment building in Hong Kong. Photo: Reuters

Hong Kong's secondary home prices are continuing to fall as the government's anti-speculative stamp duties dampen interest.

According to Centaline Property Agency's secondary home price index, prices have been falling week on week since November 18.

8 Dec 2012 - 10:32am

Hong Kong house prices 'set to fall by 20pc'

Stanley Wong Yuen-fai

A government housing adviser has forecast Hong Kong home prices should tumble 20 per cent before reaching what he regards as a reasonable level, reiterating the latest round of cooling measures would be effective in curbing investment demand.

1 Dec 2012 - 8:31am

Chinese mainlanders buy smaller share of new Hong Kong homes

Mainland buyers are making up a smaller percentage of buyers of new homes in Hong Kong, focusing on the luxury end of the market. Photo: Dickson Lee

Mainland property buyers, once blamed for pushing up Hong Kong home prices, are accounting for a shrinking share of new home sales as local buyers return to the market.

24 Oct 2012 - 8:18am

Weekend sales growth fails to lift outlook for secondary home market

Sales of second-hand homes will probably weaken. Photo: Bloomberg

Sales of second-hand homes rose over the weekend, but property agents expect a weakening secondary market in view of new launches by developers in the fourth quarter.

Data from Midland Realty shows that 34 second-hand flats were sold in 10 selected housing estates on October 6 and 7, representing an increase of 13.3 per cent compared with the previous weekend.

8 Oct 2012 - 2:27am