Residential Property
Public housing supply still short of ten-year target by 43,000 units
Public housing supply still short of ten-year target by 43,000 units
The target for public housing supply is set at 280,000 units and subsidised-sale flats.
Residential prices may increase 5-8% in 2018
Housing supply will remain limited, driving upward pressure on prices.
Luxury home prices to rise 7% amidst strong Mainland China demand
Hong Kong is expected to post the largest price growth amongst major Asian urban markets.
Co-living offers a communal alternative to cold and costly Hong Kong
Young professionals can rent beds for around HK$3,500 to HK$5,500 each.
Government to provide 1,600 flats by tender
They will be sold in the first quarter of 2018.
Kwun Tong site to be up for public tender
It will be converted into a private residential development.
Cooling measures take effect as secondary residential transactions fall to 3,642 deals
This was 7.9% less than the SARS outbreak which shocked the housing market in 2003.
Housing market cools down as transactions fell for fifth straight month
The outlook for the property sector remains muted as indicators declined in Q3.
Kowloon Tong site to be up for public tender
It will be developed into private residential units.
More sites to be up for tender from January to March 2018
The government will provide more land supply despite meeting housing target.
Home sales down 6% to 5,289 sold units in September
However, new residential launches were still warmly received.
Fed rate hikes can cool heated property market
The IMF described Hong Kong’s property market as booming and overvalued.
Residential sales volume may hit 63,000 units in 2018
Most of the new housing supply will be built on New Territories.
Housing Authority to launch mobile app
It will be aimed at public rental housing tenants.
Mortgage loans grow to $1.19b in October
However, mortgage applications and approved loans fell.
Residential sales volume down 6% in October
Prices also went down 7.5% MoM.
Home prices may rise by 10% in 2018
Hong Kong’s property bubble is unlikely to burst anytime soon.
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