Residential Property
Soaring home prices push millennials to illegally settle in industrial buildings
Soaring home prices push millennials to illegally settle in industrial buildings
An estimated 12,000 residents lived in such buildings in 2016.
Home sales down 9% to 6,093 units in July
Buyers held back purchases to see the impact of new housing policies.
Housing space could be unlocked by relocating Kwai Tsing port and Fanling golf course to artificial island
A think tank has proposed that this could free up space to house 830,000 residents.
Waiting time for public housing hits 18-year high
It takes residents five years and three months to be allocated a flat.
Tight squeeze: Demand for nano flats doubles in first eight months of 2018
Units no larger than 300 sqft compose 12.4% total apartment sales in the city.
Developers deploy discounts to offset mortgage rate hikes
Sun Hung Kai Properties rolled out 16% on its Park Yoho property.
Developers bear the fallout of crippling vacancy tax
Swire Properties could incur extra costs after a possible misstep.
Property sales surge 55% to $99.4b in July even as vacancy tax bites
A Sha Tin apartment was nearly sold out a week after the cooling measures took effect.
Number of McDonald sleepers balloon sixfold to 337 in past five years
Sky-high rents are amongst the reasons pushing them to stay at the fast food joint.
Will rents take charge of Hong Kong's property market as home prices slow?
Developers are switching unsold luxury flats from the sales to leasing market to escape the claws of vacancy tax.
Home prices up for 27th consecutive month in June but growth slows
A secondary-market home price index rose 1.644% in June.
Rents for posh apartments slow to 1% in Q2
A number of job losses freed up home stock.
Nearly half of students expect parents to pitch in for home purchases
However, this may still be insufficient to cover skyrocketing home costs.
Private flat supply pegged at 93,000 for the next four years
This is 3,000 less than the previous estimate.
No such thing as home sweet home: Half of residents uninterested in buying property
Nearly 70% believe that home prices will climb in the next year.
Hong Kong's property market shows signs of cooling down
From a peak of 21.6% in June 2017, home price growth have slowed to 14.7% in May.
Developers slash unsold home prices as vacancy tax kicks in
Paliburg Holdings and Regal International started offering discounts on vacant units.
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