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Property policies

Property policies
Due to ample liquidity, property in Asian markets such as Singapore and Hong Kong has been driven relentlessly higher for years. As a result, governments have introduced property-cooling measures.  On the other hand, Chinese government started easing restrictions such as lowering the down payment for second homebuyers to improve the real estate sector. Western countries also impose different policies against foreign property buying.
Sunset over Victoria Harbour. Photo: Eugene Lee
Hong Kong property

Negative equity cases in Hong Kong’s real-estate market hit a new high

Negative equity cases soar to highest level since at least 2003 amid rising interest rates; experts advise caution for potential buyers.

China property

Vanke’s quarterly loss deepens to US$860 million despite state support

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China property

Hong Kong court grants Sunac until August to finalise restructuring plan

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Hong Kong property

Hong Kong’s lived-in home prices approach 9-year low amid US-China tariff war

Home prices in the secondary market have lost 1.7 per cent this year, dragging an official index to the lowest level since July 2016.

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Advertisements showing lower secondary home prices outside a real estate agency in Quarry Bay in November 2023. Photo: Elson Li
Hong Kong stock market

HKEX to buy space in Exchange Square for US$812 million from Hongkong Land

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

China property

HSBC, Citigroup tout Chinese property stocks’ upside

HSBC raised its target price for five mainland developers by an average of 9 per cent, implying an 18 per cent upside.

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Hong Kong property

21,000 Hongkongers vie for 329 new homes at SHKP’s Sierra Sea

The pricing is about 20 per cent below second-hand properties in the district in the New Territories, Midland Realty says.

The logo of Sun Hung Kai Properties outside its headquarters in Wan Chai in this file photo. Photo: Felix Wong
China property

China’s Sunac reaches deal with key creditors on offshore debt revamp plan

Two groups of creditors, holding about 26 per cent of Sunac’s existing debt, could choose to receive two types of mandatory convertible bonds.

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China property

China’s new-home prices extend decline for 22nd month, but stimulus offers hope

Prices of new homes in 70 mainland cities declined 0.1 per cent month on month in March, the same as February, according to official data.

Hong Kong property

Hong Kong’s home purchase forfeitures drop as sentiment improves

Forfeitures of deposits declined to 83 cases in the first quarter, 20 per cent lower compared with the last quarter of 2024, according to Centaline.

A property agency at the South Horizons in Aberdeen. Photo: Eugene Lee
China property

Can demand for upscale homes in Shanghai spark a broader market recovery?

While prices of upscale units in Shanghai rose 5 per cent quarter on quarter, overall market prices fell 4 per cent year on year in March.

Prices of high-end homes in Shanghai are rising, while they continue to fall in the mass-market segment. Photo: China News Service/VCG via Getty Images
Hong Kong economy

Hong Kong confident in megaproject bids amid economic headwinds

Secretary for Development Bernadette Linn optimistic of successful tenders for Northern Metropolis projects despite US-China tensions.

Hong Kong housing

Tenancy details for only 52,700 subdivided flats filed in Hong Kong

Authorities must do more to enforce law covering city’s 108,000 subdivided flats, legislators say.

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Northern Metropolis

Opinion | Why decision on a Northern Metropolis authority can’t be rushed

It all hinges on execution. Detailed public consultations will ensure any such authority serves both economic and society’s needs.

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Financial Secretary Paul Chan Mo-po leading a delegation of enterprise representatives to visit the site for the Northern Metropolis on November 29. Photo: Handout from Hong Kong’s Information Services Department
Hong Kong property

Ant Group executive snaps up Hong Kong villa at 35% discount to market peak

Shao Xiaofeng and his wife Li Jian bought a four-bedroom, 3,314 sq ft detached house in Villa Rosa, Tai Tam.

The Villa Rosa development in Tai Tam has 16 townhouses. Photo: May Tse
China property

Country Garden: restructurings covering at least 8 bonds get creditor approval

Country Garden gets approval for restructuring eight bonds, making progress in its debt-management plan.

Banking & finance

China property crisis still a key signal for junk bond market, Pimco says

China’s crisis reinforces what Pimco has known for a long time, which is that property bubbles are dangerous, whether they are in China or elsewhere.

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Hong Kong housing

Hong Kong housing body prepares new round of contracts targeting well-off tenants

Hong Kong Housing Society chairman Ling Kar-kan also says the organisation is confident new rules will stand up to legal scrutiny.

Hong Kong has stepped up efforts to prevent misuse of public housing resources. Photo: Nora Tam
Hong Kong property

Hong Kong’s March property sales rise to the highest in 4 months

Sales of new and lived-in homes, shops, office units, car parking space and industrial properties jumped by 55 per cent to 6,657 lots last month.

Hong Kong property

New World Development plans sweetening of terms on two loans that it is seeking

Victoria Dockside complex will be offered as a second-ranking security to banks.

Hong Kong housing

Hong Kong lawmakers question if landlords will register subdivided flats

Under proposed law to improve quality of flats, landlords would need to pay HK$1,000 registration fee, obtain licence and hire professionals for inspections.

A subdivided flat in Sham Shui Po. It is estimated there are 110,000 such flats in the city. Photo: May Tse
Hong Kong property

Hong Kong mortgage loans surge to 9-month high as new homebuyers seek financing

Financial institutions approved mortgage loan applications worth US$3.3 billion in February.

A man passes a property agency in Mong Kok. Photo: Elson Li
China property

No respite in sight for Chinese developers as profits continue to slump

China Overseas Land & Investment’s profit sank 40 per cent to 15.6 billion yuan, while Country Garden trimmed its loss to 32.8 billion yuan.

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Hong Kong property

Rich buyers keep scoring Hong Kong luxury homes at stunning discounts

Plum properties sell for songs, but bargains may not last as demand for upscale homes is up 50 per cent from last year, agents say.

China property

Shanghai’s luxury property market thrives while mass housing segment deteriorates

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

Luxury property prices in Shanghai are rising while prices of mass-market homes are falling. Photo: EPA-EFE
Hong Kong property

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.

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A man walks past a real estate agency in Causeway Bay in January 2025. Photo: Antony Dickson
Hong Kong housing

Hong Kong eyes ‘pay for what you build’ approach for developers adjusting leases

Developers currently pay land premiums based on maximum floor area when they modify leases, development chief Bernadette Linn notes.

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Hong Kong housing

Editorial | Hong Kong’s public housing is for those most in need

Hong Kong cracks down on abuse of subsidised flats by tightening rules and raising rents for residents who can afford to pay more.

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