Residential Property
Hong Kong’s private residential rents shoot to 14-year high
Hong Kong’s private residential rents shoot to 14-year high
Private residential rents averaged HK$20.1/sqft in June, the highest recorded since September 1997.
Home prices likely to fall further in China
This is amidst entry of new supply prior to the peak of the sales season.
Country Garden Holdings interim profit up over 62%
The real estate developer plans speeding up land acquisition.
Sha Tin lot sold for $5.5 B
A government lot in Sha Tin was sold for the opeing bid of $5.5 billion during the fourth land auction of the 2011-12 financial year.
China Vanke VP Yuan Boyin resigns
Yuan is the fourth senior executive this year that quit.
Home sales in local secondary market falls 23%
The drop over the weekend follows the decline in global stock prices.
Pre-sale consent applications for residential developments await approval
Twenty applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial...
Buildings Dept steps up flat inspections
Flat owners and residents are advised to co-operate with the department to protect their own interests and public safety.
Hong Kong flat sales fall by 37%
Total consideration for sale and purchase agreements in July was down 39.9% to $42.4bn.
HK luxury properties bought mostly by Mainlanders
Mainland Chinese buyers accounted for 40% of firsthand purchases of luxury property in the city during the first half of the year.
Hong Kong’s luxury residential price growth shoots to 28%
Prices grew strongly by 7.3% qoq in 2Q11.
Government to increase housing land supply
Hong Kong also eyes further development of the Tung Chung New Town, and implementing new development areas in the northern New Territories.
Negative equity mortgages in June fell to 48
Hong Kong had no loans in negative equity with delinquencies of more than three months since the first quarter.
Luxury residential prices shoot to three-year high in 2Q
Prices rose 3.8% to HK$19,520 per sq ft as of May 2011.
Minmetals Land Ltd to sell land to Hebei Xiangshan government
The $113m sale means cancellation of a residential project which already has pre-sale orders.
Two residential sites up for auction
The sites are in Tseung Kwan O and Yuen Long.
Residential projects transactions up over the weekend
The record 27 transactions were among the top 10 benchmark residential projects in the secondary property market in Hong Kong.
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