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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.
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
West Island Line to be opened next month marks the beginning of a brand new Western District
25 November 2014 - The MTR Corporation confirmed that Kennedy Town and Hong Kong University MTR stations will start running from the end of December this year, with Sai Ying Pun Station to be opened at the end of Q1 2015. The new extension will take only 8 minutes from Kennedy Town to Sheung Wan, revitalizing the old Western District and significa
Credit Suisse: HK property prices will drop 15 percent in 2015
21 November 2014 - Credit Suisse forecasted in a report that Hong Kong’s property prices will drop 15% in 2015 under an increasing unemployment rate, rising interest rates, and competitive pricing by developers.The bank expected the Fed to increase the US interest rate by a quarter point in the second quarter of 2015, followed by another half poin
OKAY.com featured in iMoney for its innovative business model
21 November 2014 - Joshua Han Miller, CEO of OKAY.com, discussed in an interview with iMoney how the company was established during hard times in the Hong Kong property market, with its disruptive business model standing out from the crowd. Despite the government’s property cooling measures, OKAY.com’s revenue recorded a spectacular increase of 15
Occupy Central’s effect diminishes with property index hitting record high
17 November 2014 - Today marks the eighth week since Occupy Central began and latest statistics indicate a diminishing influence by the movement on the property market.According to the newest CCL index released on Nov 14, the index for all districts, except Hong Kong Island which dropped 2.78%, have recorded increases by 0.94% (Kowloon), 0.53% (Ea
Consumer Council urges strict regulations to put undesirable sales practices in first hand property market to rest
13 November 2014 - The Consumer Council issued their latest study on the sales of first-hand residential properties, criticizing the new sales regulations adopted since last April for not eliminating undesirable sales practices in the market, including multiphase sales arrangements, advanced cheque payment offered by real estate agents, and genera
OKAY.com Board Chairman to be Keynote Speaker at 11th Annual Women of Influence Conference & Awards
12 November 2014 - Beverly L W Sunn, Board Chairman of OKAY.com and Founder & President of Asia Pacific Properties will deliver the Opening Keynote address at the 11th Annual Women of Influence Conference & Awards to be held at the Four Seasons Hong Kong on 14 November 2014. The theme of this year’s event is “Evolution”, with the session set to fo
The end of US bond-purchase program poses limited threat to Hong Kong property market
10 November 2014 - The Federal Reserve announced today the formal end of its $3.7 billion Quantitative Easing bond purchasing program, while planning to keep interest rates constant for a ‘considerable’ period of time.The Fed’s former Chief, Ben Bernanke once mentioned that interest rate increases will be brought forward when the U.S. jobless rate
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