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.
Are Dads Struggling with Work-Life Balance?
Being a parent and a professional is certainly a balancing act and it applies to every working parent, including the often-excluded fathers. We often hear the challenges working women face to have it all, but we rarely talk about fathers who may be experiencing the same types of guilt and pressure women face when balancing careers and fatherhood.
Powerful Success Stories of Hong Kong Property Agents
5 June 2017 - How do property agents in Hong Kong define success? Do they measure by objective metrics such as salary, job title, awards and accolades or is it defined in subjective terms such as enjoyment of work, connections with colleagues or meaningful company missions? Although some will answer one way versus another, most will agree that hav
Is the Hong Kong Property Market Comparable to the Market Crash of 1997?
24 May 2017 - The Hong Kong property crash of 1997 is an often-cited example for the perils of property speculation and unsustainable pricing. The unprecedented financial boom years of the 90s culminated in a 70 per cent freefall of home prices in the Hong Kong market for 6 consecutive years, consigning homeowners to the adverse effects of negati
What Will the Government Do Next to Cool Down the Property Market?
8 May 2017 - The Hong Kong Government further tightened its Housing Policy in April 2017 by putting a stop to the stamp duty loophole which allows for first time buyers to evade additional costs by buying multiple properties at a flat rate of 15 percent. Recently introduced in November 2016, the Ad valorem stamp duty as with previous cooling measu
Online Property Agents vs Traditional Property Agents
4 May 2017 - Online property agents present a new business model in line with the digital age. Looking to the Hong Kong market which is dominated by the likes of Centaline and Midland Realty – traditional real estate brokerage businesses with physical storefronts are still the default option for many homebuyers and sellers. That being said, both o
Sai Kung offers perfect opportunity to get away from it all
28 April 2017- Reasons we love Sai Kung? Our Sai Kung Expert, Soi M. Schmeelke-Puan explains on South China Morning Post that, "compared with traditional expat neighbouthoods on Hong Kong Island, Sai Kung homes are generally more affordable." She explains that with the continuous development of Kowloon East as the second central business district,
What is the Effect of High Property Prices on First Time Buyers?
26 April 2017 - The increasing costs of property ownership is a prevalent topic in Hong Kong. Despite more stringent mortgage lending requirements and the introduction of the Government stamp duty last year, the resounding trend in property prices is upwards. Looking to the Centaline’s Centa-City Index as a marker, house prices in March 2017 alo
The Implications of Chinese Property Developers Buying Land in Hong Kong
5 April 2017 - The conspicuous investment of Chinese property developers continues to dominate the Hong Kong property news cycle. Recent headlines detailed the record breaking land purchase of a site in Ap Lei Chau for HK$ 16.9 billion. The buyer, Logan Property Holdings and KWG Property Holdings, are based in Shenzhen and Guangzhou respectively.
Hong Kong Island’s New Development in 2017
29 March 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
Bank Mortgage vs Property Developers' Mortgage
10 March 2017 - Mortgages offered by developers hit headlines in June 2016 when Sun Hung Kai Properties offered Hong Kong homebuyers a mortgage of up to 120% provided that borrowers pledged their existing property as security. This prompted a public statement from Arthur Yuen - the Deputy Chief Executive responsible for banking in the Hong Kong M
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