Residential Property
New guidelines set for Yau Ma Tei and Mong Kok plot ratio transfer
New guidelines set for Yau Ma Tei and Mong Kok plot ratio transfer
                                                                                                 
                        
                          The guidelines include a new planning tool between sites.
                    
                                        
                    
                Gov’t issues guidelines to banks on mortgage loan changes
                                                                                                 
                        
                          It made adjustments whilst maintaining bank stability and proper risk management.
                    
                                        
                    
                Sun Hung Kai Properties unveil rental rates for TOWNPLACE WEST KOWLOON
                                                                                                 
                        
                          The “aparthotel”  targeting young professionals offers 843 units. 
                    
                                        
                    
                High interest rates dampen buyer appetite in Q2
                                                                                                 
                        
                          Residential transactions fell 13% QoQ to 12,200.
                    
                                        
                    
                Property sales drop 9.6% MoM in June
                                                                                                 
                        
                          Year-on-year sales increased by 24.1%.
                    
                                        
                    
                The two thorns hurting Hong Kong’s land resumption plan
                                                                                                 
                        
                          As the government intensifies its efforts to acquire private land for the Northern Metropolis and Northeast New Development Areas (NDAs) – for public...
                    
                                        
                    
                Hong Kong resumes Cheung Muk Tau developments
                                                                                                 
                        
                          The public housing developments will provide 3,480 flats.
                    
                                        
                    
                HK greenlights amendments to the Stamp Duty bill
                                                                                                 
                        
                          The amended law introduces a refund mechanism under the Buyer's Stamp Duty, amongst others.
                    
                                        
                    
                Surging costs dampen demand for new homes
                                                                                                 
                        
                          Plans to relax loan-to-value ratio will have little effect on boosting transaction volumes.
                    
                                        
                    
                Green residential demand to rise in long run: JLL
                                                                                                 
                        
                          Studies showed that green residentials have a resale premium of 5-10%. 
                    
                                        
                    
                8-storey building on Kwa Wan Road, Kowloon sells for $1.071b
                                                                                                 
                        
                          New Fortress Investment Limited won the auction.
                    
                                        
                    
                HK is 2nd strongest market for global super-prime homes
                                                                                                 
                        
                          In Q1, Hong Kong recorded 67 transactions.
                    
                                        
                    
                Property transactions declines 8.2% MoM in May
                                                                                                 
                        
                          Year-on-year (YoY), it went down 33.5%.
                    
                                        
                    
                Hong Kong, Singapore amongst leading markets in super-prime home sales
                                                                                                 
                        
                          A total of 67 and 37 sales were recorded in Hong Kong and Singapore in the first quarter, respectively. 
                    
                                        
                    
                Housing Authority endorses policies for enhanced marking scheme for estate management
                                                                                                 
                        
                          The marking scheme in public housing will take effect in the fourth quarter.
                    
                                        
                    
                Commercial and residential composite building in Kowloon up for auction
                                                                                                 
                        
                          It has a reserve price of $1.071b.
                    
                                        
                    
                HK to face shortage of over 60,000 suitable elderly places by 2032: report
                                                                                                 
                        
                          The city's older population is expected to increase by 46.3% in the next decade.