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.
Black rainstorm that exposed unlawful work at luxury estate has also revealed just how widespread the rule-breaking is.
Changes announced in the policy address relaxed some curbs on home sales for the first time in more than a decade. A close eye needs to be kept on the changes so that the market can recover without overheating.
Lived-in home prices fell by 2.16 per cent in October, the second steepest monthly decline of 2023, as a property analyst predicts a 6 per cent full-year decline with a drop of up to 5 per cent for the first half of 2024.
Government says its has logged 761 applications for new HK$20,000 baby bonuses introduced last month as part of city leader’s policy address.
Trained community care workers keep in touch with those in scheme operated by Jockey Club and Chinese University.
Cheapest flats at Hemma Amber development in Kwun Tong to sell for HK$2.55 million, with most expensive at HK$6.45 million.
Readers discuss the impediment to nurturing IT professionals who drive innovation, progress on an MTR station near the expanding Science Park, and the expected redevelopment of Choi Hung Estate.
Readers discuss the hardships of migrant domestic worker mums, the call for the government to avert the property downturn, and the policy allowing more non-local students to enrol in Hong Kong universities.
Rebates serve as a price-adjustment tool for property developers under existing industry regulation, according to JLL Hong Kong’s Joseph Tsang.
Under revised rules that take effect in March next year, government will extend mortgage default guarantee period on a flat from 30 to 50 years.
Hong Kong developers will continue to work with Midland Realty, a leading real estate agency in the city, which recently became embroiled in an alleged sales-commission-fixing scandal, an apex body of the city’s real estate companies said on Wednesday.
The Swiss investment bank expects home prices to decline by 10 per cent in 2024 as high interest rates dent demand and an abundance of housing stock boosts supply.
Competition Commission’s Lester Lee says Centaline can still be held liable for allegedly conspiring with Midland Holdings to fix minimum net commission rates.
Competition Commission says it is taking legal action against Midland Realty Holdings and two subsidiaries.
Chief Executive John Lee stresses property market woes are not unique to Hong Kong, may persist due to high interest rates.
Industry experts criticise basement car parks as vulnerable to flooding and fire, but others say moving away from above-ground car parks has improved Hong Kong’s urban environment.
Choi Hung Estate’s ‘rainbow’ facade a popular backdrop for photos, some shops have been there since 1960s.
Labour secretary Chris Sun says ‘enormous’ pressure on housing for residents means no accommodation provisions for talent-scheme incomers.
Readers say it is better to give owners time to rectify unauthorised works rather than accept these violations, and call for harsh punishment if removal orders are ignored.
MTR Corp has failed to attract any conforming tender to develop a site known as Tung Chung Town Lot No 53, despite many expressions of interest from potential bidders.
Housing Authority says ruling backing man’s inheritance of husband’s home has to go to Court of Final Appeal because of potential policy effects of judgment.
Deputy Chief Secretary Warner Cheuk turns down lawmaker’s call for five-year handout for low-income families with newborns and higher child tax allowance.
Housing chief Winnie Ho says resettlement is ‘difficult’, but does not confirm whether rainbow-coloured Choi Hung Estate will be redeveloped after sources revealed plan.
For 120 years, the SCMP has reported on issues that matter to Hongkongers and played a pivotal role in shaping vital conversations about the city's past, present and future. This series spotlights the Post’s most impactful reporting on housing, quality of life, health care, sustainability, diversity and the economy, all areas that inspire and inform social improvement.
Insider says the 11-block estate built in the early 1960s was picked for redevelopment because of its huge size.
Readers discuss the proposal to redevelop part of the Fanling golf course in the context of President Xi Jinping’s speech at the Belt and Road Initiative forum, and the larger drawbacks of the plan.
Builders hope to clear inventory amid an uptick in market sentiment after the relaxation of some stamp duties, but will need low prices to draw buyers in an overall negative environment, consultants say.