Residential Property
Residential property volumes to edge down in the near term
Residential property volumes to edge down in the near term
In Q123, volumes shrank by 31.5% MoM.
Savills launches open tender for residential unit at Opus Hong Kong
The unit has a saleable area of 5,154 square feet.
Why are residential prices in Hong Kong losing growth momentum?
JLL cites two reasons.
Gov't extends application for land sharing scheme to May 2024
The extension allows project proponents to prepare and submit the required information for their application.
Property transactions fell 33.1%
On a yearly basis, it grew 18.6%.
Private flat supply to hit 107,000 in 3-4 years
The latest projection is 2,000 more than the previous estimate.
Getting the right accommodation mix will be crucial to the Northern Metropolis’ success
A local government accommodation scheme in Shanghai could boost private interest in Hong Kong’s Northern Metropolis and solve housing issues before...
Luxury home at Mount Nicholson sells for $577.4m
The purchase price translates to $82,000 per square foot.
Sunac China resumes trading after ‘debt restructuring’
The real estate firm said it fulfilled the resumption guidance.
Total investment deals down 16% YoY to $9.1b in Q1 23
Buyers were cautious as the interest hike impacts border reopening.
Land Dep't distributes ten pre-sale consents in Q1
Eight were for 4,301 residential units.
Compulsory sale applications drop 24% in 2022
But JLL expected a more visible return in the second half of 2023
Gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
Property sales rocket 43.8% to 8,599 in March
Total consideration rose 57.2% to $68.9b.
Housing Authority sets new rental rates for housing units
Renters can afford a flat in an urban district for $94.9 per square metre.
Residential market to hop on recovery track: Knight Frank
In February, transactions climbed 40.3% MoM.
Hong Kong amongst cities with most ultra-prime residential sales
Ultra-prime properties are worth at least US$25m.
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