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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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  • Property agents have raised sales forecasts for the year amid project launches at discounted prices, but lack of a rate cut could pare those estimates
  • Developers are likely to continue pricing projects low to keep their transaction volumes up, an analyst says

Development chief Bernadette Linn Hon-ho reveals plan after city leader pledges to review enforcement priorities for buildings failing to comply with fire safety orders.

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Conservation groups say report on environmental impact of San Tin Technopole project contains inaccurate information and may be subject to legal challenges.

One-fifth of those buildings are located in Yau Tsim Mong, home to 60-year-old New Lucky House where blaze killed five and injured 43 others.

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Readers discuss the history of proposals for container terminals and roads on reclaimed land, how landlords can help shops attract patrons, and visitors from the mainland flocking to a prestigious local university.

Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.

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Hong Kong property sales rose to a 10-month high in March, surpassing 5,000 deals a month after the government lifted all property cooling measures, data from the government shows.

The third price list covers 174 units and is 1.73 per cent higher than the first price list. CK Asset released the first price list for 138 units last Friday and a second one for 110 units last Saturday.

Housing Authority reveals figures as part of audit of 88,000 tenants carried out in October and November last year, with 250,000 ordered to declare assets before end of May.

Urban Renewal Authority’s streamlined tendering plan designed to boost developers’ interest in bidding and speed up process, managing director says.

An influx of non-local higher-education students is creating opportunities for property investors and hotel owners as a shortfall of accommodation widens, according to industry insiders.

Housing director Rosanna Law says she is ‘not very worried’ about slowdown in subsidised homes market and highlights number of people ‘waiting in line’ for public flats.

The developer has priced its closely-watched new project in Wong Chuk Hang well below cost and cheaper than neighbouring developments in a sign it may be trying to ensure the first batch of flats sells out in the hopes of drumming up interest in the remaining units.

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Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million or more since the removal of all of Hong Kong’s property curbs last month, JLL says.

Readers discuss criticism of the plan to develop artificial islands off the coast of Lantau, possible irregularities in the sale of flats by tender, and the turnaround in Cathay Pacific’s fortunes.

Homes in England are more cramped than those in New York City, according to new analysis that showed UK property offers the worst value for money in the developed world.