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.
Sales transactions rise 43% month-on-month in April 2014
15 May 2014 - Both residential and commercial property sectors saw an uptick in purchasers during the month of April. Statistics released by The Land Registry indicate a total of 6,012 transactions (79% residential) were closed. This compares favourably with 4,184 transactions in March and 4,387 transactions during the same period last year. It a
Cooling measures set to be relaxed slightly
14 May 2014 - Measures put in place last year to double stamp duties on all property transactions are set to be modified to provide home buyers more time in which to sell their existing units.Under the current implementation, those exempted from the double stamp duty include first time buyers and those not in possession of another Hong Kong proper
Rise in mortgage rate predicted
13 May 2014 – The South China Morning Post reports that mortgage rates are set to rise by as much as 0.25% in 2014. This takes into account the expected increase in US rates and the continued slowdown in the Hong Kong residential sales market that is set to impact the number of loans taken out.
Hong Kong Government to Possibly Relax the Double Stamp Duty Policy
13 May 2014 - The government today announced it may relax the policy relating to the Double Stamp Duty imposed on purchasers of property in Hong Kong. The policy, imposed in February 2012, has thus far required buyers to pay double stamp duty if they do not sell their existing unit within six months of buying a new unit. This has been seen by man
Hong Kong luxury rentals decline, mass market rentals shine
10 May 2014 - In line with the state of the global economy, it’s no secret that employee benefits for expatriates moving to or living in Hong Kong have been reduced in recent years. In Hong Kong, mid and top-level expats at multinational corporations have been some of the most affected and have seen their housing budgets cut. This has forced them
PRESS RELEASE: OKAY.com CEO Joshua Miller Receives Award from Worldwide ERC ®
SHANGHAI, 27 March 2014 – At the Worldwide ERC ® Asia Summit held in Shanghai, Joshua Miller received a Meritorious Service Award for his contributions to the organization and the global mobility industry. Joshua has served as the Chairman of the APAC Leadership Committee for the last 2 years, which is comprised of industry leaders in real estat
PRESS RELEASE: Beverly Sunn joins the prestigious Thomson Reuters Founders Share Co. Board of Directors
LONDON, 6 December 2012 – Thomson Reuters Founders Share Company today announced that Beverly L.W. Sunn, President of Asia Pacific Properties (APP) and Chairman of the Board of Directors of OKAY.com, has been appointed to its Board of Directors.The Thomson Reuters Founders Share Company acts as a guardian of the Thomson Reuters Trust Principles. T
PRESS RELEASE: OKAY.com completes Series A Financing
HONG KONG, 9 October 2013 – OKAY.com today announced it had raised approximately HK$10M / US$1.3M from private investors and investment institutions. The investors comprise of industry leaders in venture capital, investment banking, fund management, consumer data analytics, real estate and a European institutional investment company focusing on A
PRESS RELEASE: Peter Churchouse Joins OKAY.com as Investor and Advisor to the Board
HONG KONG, October 15 2012 - OKAY.com today announced that Peter Churchouse, Chairman of Portwood Company Ltd., has been appointed as a Board Advisor, effective October 1, 2012, in conjunction with a private investment by Churchouse into the company. Churchouse is considered one of the world’s leading authorities on the Asia real estate markets,
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