Topic
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.
Large supply of homes due to come online soon in Hong Kong will, hopefully, help thwart the rise of a new generation of speculators.
A worrying investigation by the consumer watchdog identified problems that will only deepen unless a fix is found.
Vigorous action against those who misuse city public flats is imperative to make room for the needy
As the city government pushes ahead with the Northern Metropolis development, the need to strike an environmental balance has become all the more important.
Relaxed conditions on land exchanges should boost Hong Kong’s Northern Metropolis project and extension of land premium scheme is also welcome.
Redevelopment of Hong Kong’s ageing districts is to be welcomed, but feelings of those who are affected have to be respected.
Hong Kong’s current property market downturn is cyclical and not structural, with home prices set to decline by as much as 10 per cent this year as elevated interest rates keep demand in check, S&P says
Fewer than 20 people visit authority’s Cheung Sha Wan office on first day of sale for flats at eResidence Tower 3 in Hung Hom.
In January and February, property investment declined 9 per cent year on year, slightly slower than the drop in 2023, according to official statistics.
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.
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.
New ‘community living rooms’ expected to cater to more than 1,000 households living in cramped conditions in To Kwa Wan, Hung Hom and Nam Cheong.
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.
‘China faces considerable domestic challenges, from a sluggish property market to weak consumer sentiment, Wharf says. After a poor result in 2023, more time is needed to revive the property markets, it says.
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.
As China faces numerous questions over its economic viability in the long term, some are advocating for a removal of barriers to rural land trading to jolt growth back to previous heights.
The State Council is coordinating efforts related to supporting China Vanke, according to sources. Any debt repayment troubles at Vanke could further dampen market confidence, analysts say.
Readers question the rationale behind the removal of stamp duties intended to cool the property market, and point to the benefits of the measure.
Shanghai’s housing market looks set to continue its downward slide due to a lack of buying interest, as would-be buyers wary of a gloomy economic outlook continue to feel uneasy about the current high property prices.
Hong Kong’s hotels are looking at sporting, arts, consumer and entertainment events in the year ahead to drive tourist flows into the city
Chinese investors sold US$31.7 billion of US commercial real estate between 2019 and last year, 15 times more than what they acquired during the same period, according to MSCI Real Assets.
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.
City’s major public housing provider announces figure for last quarter of 2023 for families and elderly households.
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 property curbs in the Hong Kong government’s budget announcement last week has generated a very encouraging response in the housing market.
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.
All 138 units available in the first round of sale were bought by 3.30pm, within four hours of the launch. The sale attracted 4,400 expressions of interest, or more than 30 buyers for each available unit.
Hong Kong property sales dropped to a four-month low in February, but analysts expect the market will bounce back in the coming months after the government removed all market-cooling curbs this week.
Development chief Bernadette Linn rolls out land sale programme for coming financial year, with eight residential sites estimated to provide 5,690 private flats.
NWD plans to launch 2,500 units ahead of schedule to capture the improved sentiment unleashed by the withdrawal of all property curbs in Hong Kong after posting a profit decline for the six months ending on December 31.
Finance chief scrapped consumption vouchers, as well as electricity bill and university entrance exam subsidies.