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.
Citi Analysis: Home Prices are far from peaking
8 January 2015 - The latest Centa-City Leading Index concluded the year of 2014 with an annual rise of 11.2%, reaching another record high of 132.45. The continuous upward climb of property prices throughout the year, though at a slower pace, has again alarmed investors and raised concerns of a potential bubble in 2015.Home prices rose 7 consecuti
What does 2015 hold for Hong Kong's residential property market?
30 December 2014 - Despite a slight recovery this year, Hong Kong’s property market is still under the influence of the government’s cooling measures which are expected to continue in 2015, as mentioned in Knight Frank’s latest forecast report.1. Continued heat in primary salesThe total number of transactions has increased by 18% to 60,000 in 2014
Critics doubtful of Government’s 480K housing supply target
22 December 2014 - The Government announced last week its intention to raise the 10-year housing supply target to 480,000 units, with critics suggesting that the number is not high enough yet difficult to achieve.In the coming decade, the target includes 200,000 public rental housing units, 90,000 subsidized sale flats, and 190,000 private housing
OKAY.com CEO in Yahoo Finance: "Purchase ahead of a continued recovery and look longer term"
17 December 2014 - Joshua Han Miller, CEO of OKAY.com, was recently interviewed by Yahoo Finance about his views on the current property market. He expects market activity to continue to increase in the short to intermediate term amidst fluctuations.“The end of the US bond purchase program is a sign of economic stability and recovery. We’ve seen
How to add value with renovations for rental properties in Hong Kong
15 December 2014 - As we all know, properties in HK tend to be cookie cutter in terms of their layout. So how do you make your property stand out amongst the rest? Modernizing a property can be costly and time consuming but yields good results (i.e. the property would fetch a good price and let quickly). Since it can be an expensive project and t
Hong Kong remains one of the most expensive places to accommodate employees
13 December 2014 – Ranked no.2 behind London, Hong Kong remains one of the most expensive cities for companies to accommodate staff, according to the latest Live/Work Index released by Savills. The US dollar denominated index measures company spending on employee living and work space and is closely related to property prices in these cities. Afte
French community in Hong Kong greatly expands, targeting opportunities in China
11 December 2014 - According to estimates of the Consulate General of France in Hong Kong, there are now 17,000 French residing in the city. A 50% plus increase of French arrivals within the last 5 years was recorded by the Immigration Department, greatly outnumbering the growth among other European arrivals. It is believed that increasing busines
John C Tsang: Government will stay alert to bubble risk and take appropriate measures as necessary
2 December 2014 - Financial Secretary, John C Tsang held a press conference on Hong Kong's latest overall economic situation yesterday. He stated that the government has been keeping an eye on the risk of a property bubble, and will adopt appropriate measures when required.Tsang started the conference by expressing his worries about the global eco
Inflation of rental and purchase prices continues during Q4 low season
1 December 2014 - Q4 is largely seen as the low season in the Hong Kong rental market, with rentals in October appearing to have taken this into account, growing only 1.2% month-on-month compared to 2.1% growth in September. Despite this, abundant demand has already triggered a 10%+ increase in rentals over the previous 6 months – a trend that is
The new end of the line: How the MTR extension will affect life and property in the Western District
27 November 2014 - “Sheung Wan, this is the end of the Island Line, all passengers please exit the train” – this familiar announcement will no longer be heard in December when the extension of the MTR’s Island Line will open for residents of the Western District. The long wait for the train to the western tip of Hong Kong Island is in sight and
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