Residential Property
Luxury home values dropped 8.6% in Q2
Luxury home values dropped 8.6% in Q2
More homeowners offer discounts to offload properties as market sentiment weakens.
Residential volumes tread new lows
COVID-19 hits luxury transactions harder than the mass market.
Worsening unemployment weighs on housing prices: JLL
Potential buyers will retreat on house buying.
Home deals crashed 27% in January to February
Prices could fall by another 10-20% by end-2020.
Home prices fall the most in 15 months as virus spreads
This marks the third consecutive month of decline.
Finance chief sees property holding up despite turmoil
Paul Chan stated that there is no risk of “an off-the-grid type of downfall”.
18 projects unveiled in new land sale programme
The residential sites will provide an estimated 15,730 units in 2020-2021.
HKMC to launch mortgage loan pilot scheme
It has interest rates of 2.75%, 2.85%, and 2.95% per annum for periods of 10, 15 and 20 years, respectively.
Apartment rents dropped to two-year low in February
Some landlords would offer discounts as steep as 12%.
Luxury residential rents continue to slide in Q4
Landlords were not keen to cut asking rents.
Property sales crashed 32.4% in January
Residential units showed the greatest decline, with sales plunging by 39.2%.
Residential sales plunged 44.7% in December
Homebuyers were cautious amidst the prolonged social unrest in the country.
Over half of residents not keen on buying a property in Q3
Six in 10 find it a bad time to purchase a home right now.
Rents for five new public housing blocks set at $85.5 psm
This meant that 36% of the flats can be rented below $2,500 monthly.
Property sales jumped 32% to 6,710 units in November
Agreements for residential units surged 43.9% to 5,756.
Bidders for Kai Tak residential sites plunged 67%
The number of consortiums bidding for larger-scale sites rose.
Mortgage cap hike buoyed home sales: report
This drove developers to offer flexible payments and discounts for new projects.
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