Residential Property
First time homebuyers rush to lock in home purchases before prices rise further
They snapped up to 90% of home sales in the first four months of 2018.
Stamp duty rebate extension fails to accelerate home upgrades
There was no significant increase in such transactions from 659 cases to 663 in February to April.
Government hesitant on levying vacant property tax
Vacancy rates fell to 3.7% in 2017, indicating little sign of idling private residential units.
Home sales balloon 56% to 6,646 transactions in April
Mainland buyers snapped up posh homes, buoying luxury transactions growth to 44%.
Millennials are jostling for space in Hong Kong's property ladder
A third (34%) of mortgage applicants in 2H2017 were millennials born from 1980 to 1994.
Sun Hung Kai Properties snaps up Kai Tak site for record $25.16b
The purchase represents the most expensive land sold by lump price.
74,700 new public rental housing units to be launched in the next five years
Even with the steady supply, waiting time for housing applicants has increased.
Government mulls tax on vacant properties to boost home supply
Home ownership in Hong Kong has plunged to alarmingly low levels.
Is Kwai Tsing the new home for Hong Kong's upper class?
It’s one of the top five fastest growing districts in terms of affluence.
Government mulls underground facilities to free up land for housing
Sewage plants and reservoirs can be relocated to caverns to build more homes.
Government estimates 96,000 units in private flat supply
This represents 1,000 less flats than the previous estimate.
Land shortage exceeds government estimate of 1,200 hectares
The government has identified 18 land supply options to plug the severe shortfall.
Why property ownership is a pipe dream
Hong Kong's expensive housing market has bred an unconventional low-cost housing alternative.
Home ownership plunges below 50% in 2017 as prices skyrocket
Only 49.2% of households own their occupied homes, representing the lowest level since 1999.
Homes grow more unaffordable as prices climb for 23rd consecutive month
Residential prices rose 1.6% in March, extending the uptrend since April 2016.
Housing chief hesitant on imposing minimum private flat size even as micro flats multiply
Secretary Frank Chan Fan believes that regulations may raise home prices.
Read Here
Advertise
Sign Up
