Residential Property
Residential property prices to rebound by 5%-8% in 2023
Residential property prices to rebound by 5%-8% in 2023
S&P Global cited China’s reopening as one of the reasons for its revival.
Heads up tenants: Housing Authority announces rates concession starting April
Domestic tenants will receive $1.176b whilst non-domestic tenants will get $16.6m.
Home sales rise in February
There were 4,282 units sold during the month.
Residential market sales to grow 49% in Q1 2023
It will be backed by China reopening and reduction of AVD.
Measures in place to combat abuse of public housing resources: gov’t
Over 3,000 households have either surrendered their flats or had it confiscated.
Wing Tai Properties braces for loss in FY22
It is expecting a loss of $50.0m.
HK is 3rd leading global city for the wealthy
There are 15,175 UHNW individuals with primary or secondary residence in HK.
Kum Lam Building up for sale via expression of interest
The property’s estimated worth is $230m.
Residential property at Ap Lei Chau for sale at $157m
It is 2.4k-square foot which includes two buildings.
Residential market to post slow growth after border reopening
Buyers hold a wait-and-see approach until the economy improves.
Property sales soar 35.1% MoM in February
Year-on-year sales increased by 49.6%.
HK is 5th top market for super and ultra-prime properties
It is one of the two markets in Asia that made the top 10.
Expert sees little chance of relaxation on property cooling measures
JLL, Colliers, and CBRE weigh in on the latest budget measures for property.
Property authority issues note to improve transparency of financing plans for homebuyers
The authority reminded purchasers that only written agreements are binding.
Hong Kong begins relocation of Nam Cheong 220
The Housing Bureau relocated the modules to another housing project in Wong Yue Tan.
Tsuen Wan residential site sold at $1.44b
The 8,360-square metre lot will be used to construct a hostel for mentally handicapped people.
Residential transaction volume soars by 21.7% in January
Residential units sold during the month stood at 3,051.
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