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.
The new end of the line: How the MTR extension will affect life and property in the Western District
“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
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
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
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
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
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
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
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
Hong Kong home prices rise 8.4% within the first nine months of 2014
Data released by the Rating and Valuation Department shows that Hong Kong home prices reached a new high for the sixth consecutive month in September. The monthly price index for private homes climbed to a new record 265.8 during the same month, marking an increase of 1.8% compared with August.In addition, Hong Kong home prices h
Car park space at “The Harbourside” asks for HKD3M
Hang Lung Properties (0101) will launch 147 car park spaces for sale at “The Harbourside” atop Kowloon Station next Saturday (November 15). The most expensive car park space in the offered batch is asking for HKD3 million. These car park spaces are located on different floors with prices ranging from HKD2.6 million to HKD3 millio
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