Insights
Tag: property investing
A Guide to Hong Kong's Real Estate System and Property Tax
1. Land Holdings and Registration Systems1.1 Land holdingsAll land in Hong Kong is owned by the People’s Republic of China as State property and is managed by the Government of the Hong Kong Special Administrative Region (Government) under the Basic Law of Hong Kong.Land identified as suitable for private development is sold by the Government thro
Poorer residents in London luxury development forced to use different entrances and facilities
29 July 2014 - Hong Kong people are active buyers of London residential properties. A London media reported that “One Commercial Street” in London, which was launched in Hong Kong a year ago, forced poorer residents to use a backdoor in the alley instead of the residential building's main entrance. Additionally, bicycle storage spaces, rubbish dis
John Tsang reminds the public to beware of hot sentiment
20 July 2014 - The Financial Secretary of Hong Kong, John Tsang Chun-wah, recently expressed in his blog that he is relieved that the Double Stamp Duty was approved by Legco within the 2014 Legislative Session. Tsang mentioned that demand in the property market has eased after implemention of the Special Stamp Duty, Buyer Stamp Duty and Double Sta
Norman Chan: "Cycle change needed to ease property curbs"
14 July 2014 - The Hong Kong Monetary Authority has introduced six rounds of "countercyclical" supervisory measures for containing the supply of mortgage credit during the upward cycle experienced since 2009. Local newspapers reported that Hong Kong Monetary Authority chief executive Norman Chan Tak-lam wrote on the HKMA website and concluded that
Double Stamp Duty approved by Legco
16 July 2014 - The Double Stamp Duty has been approved by Legco, 17 months after being proposed. The additional stamp duties will be retroactively applied. These have been collected since February of last year and will now be transferred to the government. The measure was introduced as an attempt to cool Hong Kong's property market. For the full a
Barclays warns investors that Occupy Central could hurt property market
8 July 2014 - Figures released by the Rating and Valuation Department showed Hong Kong’s property price index reached an all-time high in May. An index following rentals also climbed upwards for three months in a row. According to a report by Barclays, home prices are now 13.5 times that of gross household income, which is higher than the figure o
Mainland developers worry as weak RMB hurt earnings by 29%
2 July 2014 - The devaluation of the RMB is a risk factor to mainland property developers according to the Oriental Daily. A research report by Credit Suisse stated that if the RMB depreciated by 15% against the US dollar, earnings per share for China property stocks listed in Hong Kong might drop 29.6% due to a large volume of external debt. How
Pockets of Demand are Changing Some Property Analysts’ Views
5 June 2014 - The Hong Kong property market is not all “doom and gloom”. Recent sales of smaller units have shown only marginal price decreases, and in some cases price increases to new highs. These have surprised many property analysts particularly those that have been forecasting sales price declines of 15-30% over the last year across all ma
Looking at the Hong Kong Property Market like a Stock Market
30 May 2014 - Nobody can dispute that we are in a very quiet property market. The preliminary figures released by the Rating and Valuation Dept for 2014 (available up to March as of the writing of this article) indicate roughly 3,600 residential sales per month this year – that’s roughly 50% less than the average of the last 10 years (2004-2013)
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