Property News & Insights

Explore OKAY.com’s latest property news and trends across the Hong Kong, China and Global property markets. With expert commentary and opinion, we keep you up to date on property happenings both near and far.

Norman Chan: "Cycle change needed to ease property curbs"

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
By: OKAY.com | 16.07.2014

Double Stamp Duty approved by Legco

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
By: OKAY.com | 16.07.2014

Banks adjust Hong Kong property price forecasts, smaller decreases expected

JP Morgan and Bank of America Merrill Lynch have revised property price forecasts for the year. A decrease of 5% is now expected, comparing favourably against the respective 25-30% and 10% decreases previously predicted. This is a result of delayed US interest rate changes and a smaller than expected effect on secondary prices creat
By: OKAY.com | 16.07.2014

Price list of No.3 Plunkett's Road unexpectedly removed from site

Oriental Daily reported that Tai Cheung Holdings uploaded the brochure and price list of two houses at No.3 Plunkett’s Road on their website yesterday. This included “House F” (net area of 4,850 sq. ft.) with a price tag of HK$400 Million suggesting an approximate HK$82,474 per sq. ft. for its saleable area. Comparing this price wit
By: OKAY.com | 14.07.2014

Mini apartments of 177 sq.ft to be sold in Mont Vert development are smaller than some sub-divided flats

The selling price of units in "Mont Vert" Phase 1 in Tai Po, developed by Cheung Kong, will be disclosed next week alongside the number of first batch apartments and the intended launch date. Apple Daily reported that developer has already uploaded the e-brochure of " Mont Vert" Phase 1 on its official website and 4 show flats will
By: OKAY.com | 14.07.2014

Sun Hung Kai wins 2 residential plots in Tin Shui Wai for HK$4.2billion, lowest ppsf in 13 years

Hong Kong Economic Times reported that Sun Hung Kai Properties has won two residential plots in Tin Shui Wai for a total of approximately HK$4.2 billion. The average transaction price of HK$ 1,854 per square foot marks a 13-year record low for land prices within the district.Victor Lui, Deputy Managing Director of Sun Hung Kai Proper
By: OKAY.com | 11.07.2014

Barclays warns investors that Occupy Central could hurt property market

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 of
By: OKAY.com | 10.07.2014

The Transport and Housing Bureau worries rent controls might have side effects

There have been discussions in recent years that put forward the suggestion for the government to re-introduce rent control measures in order to safeguard tenants’ interests, especially those of grassroots tenants.The Transport and Housing Bureau conducted a survey regarding the impact that might be generated from rent controls. Surv
By: OKAY.com | 09.07.2014

Pre-sale Consent Applications for Residential Properties reach 21-month high in June

Developers are keen on preparing their properties for launch. Apple Daily reported that the Lands Department received 7 pre-sale consent applications with a total of 2,822 uncompleted residential units in June setting a 21-month record high. For the latest applications, the Fat Kwong Street project in Ho Man Tin which was bought by S
By: OKAY.com | 07.07.2014

Dishonest real estate agent lied to a first time buyer about a haunted home

Buyers in Hong Kong generally avoid buying "haunted homes" i.e. homes where previous tenants have died violently. Sky Post reported that a netizen recently complained about buying a haunted home in East Kowloon from a dishonest real estate agent and only learned from the bank that the apartment was haunted when applying for a mortgag
By: OKAY.com | 07.07.2014
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