hong kong residential market
Gov’t rejects tender for Chai Wan site
It received only one tender for the site
Mortgage loans in negative equity surge to 32,073 in Q1
The total value of residential mortgage loans rose to $165.3b.
Government's policy shift sparks housing market activity
In March, transactions increased by 67%.
Home Prices see a slight rise after stamp duty cut
It rose 0.62% week-on-week from 11 March to 17 March.
Are developers losing their appetite for land acquisition?
Since 2022, four residential sites have been withdrawn from government tender.
Residential price edges down by 1.4% MoM in August
August marked the fourth month of price decrease.
Lands Department issues 13 pre-sale consents in 3Q23
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.
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Commentary
Ginza-style commercial building in neighbourhood areas attracts local consumption