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.

Bank Mortgage vs Property Developers' Mortgage

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
By: OKAY.com | 10.03.2017

The State of Hong Kong’s Luxury Property Market

2016 was a year of remarkable highs and lows for the Hong Kong property market. Spurred on by a concoction of available credit and negative real interest rates, Hong Kong’s residential prices increased by nearly 200 per cent in the post 2008 period. This combined with record breaking bids from mainland developers and a seeming upsur
By: OKAY.com | 06.03.2017

Hong Kong Property Stamp Duty Loopholes

In its current iteration, the recently introduced Ad Valorem Stamp Duty (AVD) mandates a 15 per cent flat rate for all residential property transactions in Hong Kong. Unless provided otherwise or specifically exempted as a permanent Hong Kong resident and a first time home buyer, additional rates may apply. Case in point, as an ove
By: OKAY.com | 03.03.2017

How RMB Depreciation Affects Hong Kong’s Property Market

Despite the Renminbi’s (RMB) inclusion in the IMF’s Special Drawing Rights basket last year and the strengthening of the yuan exchange rate against the US dollar in recent weeks, according to analysts at Nomura, the RMB is forecasted to experience further depreciation in 2017. Expected to depreciate by as much as 5 per cent, th
By: OKAY.com | 27.02.2017

OKAY, You’ve Got Questions

Liza Boltz, has recently partnered with American Women’s Association (AWA) as their property expert to answer women’s property related questions. As a member of AWA herself, she gladly rose to the occasion. As questions came pouring in for Boltz, AWA selected those that appeared most. Airbnb, rental properties, and the internet w
By: OKAY.com | 02.02.2017

10 Facts to Know About Chinese New Year

You’ll be hearing the phrase “Gong Hei Fat Choy” a lot this this season which means congratulations and be prosperous in the future! Chinese New Year in Hong Kong includes ceremonies and traditions that are not only interesting but intertwined with a deep ancestral history. Starting on 28 January this year, this holiday is about
By: OKAY.com | 23.01.2017

Hong Kong Property Market in 2017

2016 bestowed Hong Kong with the dubious honour of being the least affordable housing market in the world. A carry on from 2015, whereby according to Demographia’s International Housing Affordability Study, the median real estate prices were 19 times median annual pre-tax household income, the Hong Kong property market was also
By: OKAY.com | 17.01.2017

Virtual Reality Takes the Footwork Out of Viewing Properties

Virtual reality is the future of real estate! Our 360° virtual home tours are creating tremendous buzz within the property industry. This capability gives clients a realistic preview of the property without having to leave the comfort of their home. What makes these types of virtual tours unique is the incorporation of three-dime
By: OKAY.com | 13.01.2017

The Future of Property Viewings

The technology landscape is moving at a rapid pace and affecting business models in almost every industry. Marketing executives are compelled to adapt their advertising efforts by spending more and more of their budget on software that will help improve customer experiences. The real estate industry is no exception and property ag
By: OKAY.com | 05.01.2017

Primary Sale or Second Hand Property - Which is the Right Option for You?

As per the Land Registry of the Hong Kong government, primary sales are defined as sales from developers and secondary sales refer to sales from parties other than developers. Looking at the Land Registry data below, apart from sales which were concluded under the Home Ownership Scheme, the Private Sector Participation Scheme and
By: OKAY.com | 03.01.2017
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