Residential Property
Hong Kong expects negative equity influx in Q3
The number of negative equity cases may exceed 10k by the end of September.
Evergrande halts trading after chairman falls under investigation
Hui Ka Yan is under investigation over suspected “illegal crimes.”
UK’s Berkley Group to run first-of-its-kind pop-up retail experience in HK
The pop-up will run for five weeks.
Primary residential market sales fall to a six-month low
Only 742 units were sold in August.
Gov’t launches online tool for transitional housing applications
Applicants can select their preferred projects on the platform.
Hong Kong luxury house prices down 1.5%: Knight Frank
Unsold inventory from new projects placed pressure on the market.
Limited supply hamper growth in HK’s super-prime market
The number of super prime homes sold in HK dropped from 67 to 42 in 2Q23.
Four pairs of six-storey tenement buildings collectively sold for $697m
The property was acquired by the top bidder Ever Great Development Limited.
How will mortgage rate uptick affect HK’s property market
HSBC raised its mortgage rate by 50bps.
Property market slump boosts occupiers’ and home buyers’ bargaining power
Real estate agents said tenants ask for up to 30% discount when renewing office leases.
$550m-luxury property in Mid-Levels East up for sale
The residential building has a saleable area of 13,840 square feet.
More hotels pivot to co-living for better margins, stable cash flow
From 2020 to 1Q23, around 6 to 7 hotels have been acquired for conversion to co-living spaces.
Property sales jump 5.3% MoM in August
Year-on-year sales fell by 11%.
Hong Kong’s most notable real estate agents under 40
Majority of agents in the list are experts on the office market.
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%.
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