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 Seafront” house sold for record high of HKD55,889 per sq.ft
16 June 2014 - Many brand new residential developments were launched over the weekend with attractive stamp duty cash rebate packages on offer in time for Father’s Day. Ming Pao reported that 437 first hand residential units were sold during the weekend, including Sun Hung Kai Properties’ new project at “The Seafront” in Tsuen Wan West which sold
OKAY.com featured in the SCMP
09 June 2014 - The SCMP today reported on OKAY.com and how our innovative business model is succeeding in a challenging Hong Kong property market. The article describes some of the key differences in OKAY.com's platform for real estate agents, and how we're using technology to give our agents more tools to serve clients, provide higher rewards t
Pockets of Demand are Changing Some Property Analysts’ Views
5 June 2014 - The Hong Kong property market is not all “doom and gloom”. Recent sales of smaller units have shown only marginal price decreases, and in some cases price increases to new highs. These have surprised many property analysts particularly those that have been forecasting sales price declines of 15-30% over the last year across all ma
Demand for small flats surprises, driving prices higher
3 June 2014 - Recent sales of smaller second-hand units has increased despite the signs of decline in the luxury market. One example is last week’s sale of a 355 sqft unit in Serenity Park in Tai Po, which sold for $3.55 million, breaking the previous record price of $3.4 million for a similar unit sold earlier this year. The SCMP reported that
Looking at the Hong Kong Property Market like a Stock Market
30 May 2014 - Nobody can dispute that we are in a very quiet property market. The preliminary figures released by the Rating and Valuation Dept for 2014 (available up to March as of the writing of this article) indicate roughly 3,600 residential sales per month this year – that’s roughly 50% less than the average of the last 10 years (2004-2013)
Cheung Kong’s City Point Development in Tsuen Wan sees 1-day sellout
28 May 2014 - The SCMP today reported that Cheung Kong sold all 591 units offered as part of its first batch of sales of the City Point Development in Tsuen Wan yesterday. Cheung Kong said that the project, with 1,717 units in total, should launch the second batch of sales – 354 units – later this week.The first batch was announced in conjunction
How bad will the Property Market Correction Be in Hong Kong?
26 May 2014 – Relative to some analysts that have been predicting 20-30% declines in the Hong Kong property market, I've been much less pessimistic in my view on the markets. Over the last year, I’ve told clients that while I do believe a downward correction is coming, the decline will be more modest - around 10-15% in the next 1-3 years. There
OKAY.com interviewed on Property Market on RTHK
26 May 2014 - Joshua Han Miller, CEO of OKAY.com, recently joined RTHK's Money for Nothing program to talk about OKAY.com's unique business model and his views on the current property market. "Current property price levels - where supply and demand curves meet - are just like stock markets. When there are low transaction volumes, it's not a real e
Property cooling measures likely to remain in place until at least Q2 2015
19 May 2014 - Despite proposed revisions to the double stamp duty last week, Secretary for Financial Services and Treasury, Chan Ka-keung, indicated that there is no expected easing of cooling measures in the short term. Taking into account HK’s current low interest rate environment, measures are likely to remain in place until the Fed raises its
Luxury site at Shouson Hill sold for HKD2.71 billion
15 May 2014 – A three party consortium of developers led by Emperor Group has acquired a luxury site in prestigious Shouson Hill for HKD2.71 billion (HKD30,888 /sq.ft). The South China Morning Post reports that this is within market expectations, with a recent sale in newly built neighbour development, Shouson Peak, achieving a price of approx. H
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