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Hong Kong housingi

 

Latest news, features and analysis on Hong Kong housing, including policy and efforts to find a solution to the problem of a shortage of homes in the world’s most expensive property market.

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  • Buildings Department says it has issued demolition orders to owners of 68 homes at Redhill Peninsula in Tai Tam after landslide last year unearthed illegal structures
  • ‘Owners of 32 of these orders have filed appeals, which are currently being processed by the appeal adjudication panel,’ department adds
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Some 238 of the 336 units available in the first batch at Uptown East in Kowloon Bay, worth about US$179 million, found buyers as of 6pm on Sunday, in a sign that the removal of all market-cooling measures has revived demand in Hong Kong.

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Simon Siu, chairman of Estate Agents Authority, says decision to scrap extra stamp duties last month was ‘shot in the arm’ for ailing property market.

The 90-year-old converted mansion, Jessville Manor, has changed hands for HK$207 million (US$26.5 million), adding to evidence that the recent scrapping of property curbs may be starting to revive the luxury housing market.

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Urban Renewal Authority announces plan to redevelop flats and shops at flower market and nearby streets, with HK$2.5 billion to be spent on acquiring properties.

Hong Kong developer Wheelock Properties has priced a first batch of 130 units at its Seasons Place residential project in Tseung Kwan O at a five-year low for the district.

About 900 households from two blocks at Wah Fu Estate will move to new homes by July 2027 at the latest in first stage of clearance for redevelopment of site.

Readers discuss the shortcomings of the 2024-25 budget, how housing affects the birth rate, and schools’ approach to discussion of sex and dating.

The market will be keen to see how it prices its new project in Wong Chuk Hang, as this could give ‘direction’ to Hong Kong’s recovering housing sector, analysts said.

Homebuyers flocked to a second round of sales at Henderson Land Development’s Belgravia Place project on Thursday amid expectations that first-hand sales are likely to hit a 40-month high in March.

The Hong Kong Monetary Authority has advised banks to take extra care when lending to property speculators, in an indirect attempt to clamp down on asset flipping a week after the city abandoned decade-old curbs for the real estate industry.

Hong Kong’s largest developer by market capitalisation is being tipped by analysts to emerge as the ‘prime beneficiary’ of the city’s removal of all property cooling measures.

The removal of all property sector cooling curbs in Hong Kong has sparked immediate interest among mainland Chinese buyers, who still perceive real estate in the city as a lucrative investment option, industry insiders said.

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Undersecretary for Housing Victor Tai says occupancy rate among key performance indicators for city’s first 2,100 ‘light public housing’ flats in Yuen Long.