hong kong residential market
Residential price edges down by 1.4% MoM in August
August marked the fourth month of price decrease.Â
Residential price edges down by 1.4% MoM in August
August marked the fourth month of price decrease.Â
Lands Department issues 13 pre-sale consents in 3Q23Â
The pre-sale consents involve 8,993 units.
Hong Kong needs to build 6,000 more elderly places yearly
JLL warns that the city could face a potential shortage of elderly places by 2032.
105,000 private flats to be available in next 3-4 years
The figure is 2,000 less than the previous estimate.
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.
Residential property volumes to edge down in the near term
In Q123, volumes shrank by 31.5% MoM.
Residential market to hop on recovery track: Knight Frank
In February, transactions climbed 40.3% MoM.
Mortgage loans in Hong Kong drops by nearly 10% in December
Loans stood at HK$25.6b during the month, the Monetary Authority reported.
Home price index slips by over 2% in December 2022
Price index stood at 332.5, the Rating and Valuation Department reported.
‘Subdued’ market sentiment speeds up home prices decline: report
Mass residential capital values dropped by 3.1% MoM in December, JLL said.
First-hand, second-hand residential transactions to hit new low in 2022
Transactions will reach between 48,000 to 53,000 in 2023 from 45,000 in 2022.
Residential transaction volume drops in October amidst wondering economy
Units sold in the primary and secondary markets were at 672 and 2,476, respectively.
Residential property prices to fall up to 10% lower in 2023: S&P
The office property market’s vacancy rate is also not expected to improve.
Why it’s time for the gov’t to remove cooling measures in the housing market
JLL said residential sales in the last nine months have dropped to its lowest level in 20 years.
Residential sales jump 12.7% MoM in August
JLL attributed the increase to the handful of primary projects launched during the month.
Home prices to bottom out in September or October: C&W
In the first seven months of 2022, prices fell 4.5% YoY.
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