Insights
Tag: new developments
What a Vacancy Tax Could Mean for the Hong Kong Property Market
The government will soon conclude its study on the feasibility of imposing a vacancy tax on developers who hoard unsold first-hand private residential flats, Financial Secretary Paul Chan Mo-po told legislators in early June 2018. As at December 2017, developers have withheld 9,370 of such flats. Officials believe that a tax on vacan
New Hong Kong Property Developments to Look Forward to in 2018
According to JLL’s December 2017 Property Market Monitor, home sales have risen by 7.7 per cent in November month-over-month. Residential capital values also increased by 1.2 per cent in November, boosted by a 14.1 per cent month-over-month uplift in second-hand property sales. The price surge occurred despite the rate hike cycle,
Hong Kong Island’s New Development in 2017
According to JLL’s Property Market Monitor in March, home sales have increased by 24.1% in February month-over-month. In addition to this, residential capital values i.e. home prices in Hong Kong also rose by 1.0% in February, overtaking September 2015 as the highest on record.1 The price surge occurred despite cooling measures ins
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Please note our real estate agency service fees are 50% of the monthly rental for leases (payable by both the landlord and tenant) or 1% of the purchase price for sales (payable by both the purchaser and vendor). For purchases of new developments, we do not charge a fee to the purchaser.