Residential Property
Mortgage loans drop 25.3% MoM in December 2023
The value of mortgage loans approved in December was $18.3b.
Mortgage loans drop 25.3% MoM in December 2023
The value of mortgage loans approved in December was $18.3b.
HK OK's 9 building plans in November
In the same month, the government received 2,950 reports of unauthorized building works.
Housing market to enter a phase of ‘relative surplus’ between 2024-2027
JLL noted that the annual average sales of new homes in Hong Kong is only 16,400.
Hong Kong falls to 77th place on list of most livable cities for ex-pats
The city ranked 17th in the 2013 edition of the list.
Gov't to sell 2,359 green form GSH flats
Sizes of flats under the scheme range from 26 sqm to 60 sqm.
Foreign property buyers increase in Hong Kong
Transactions involving three major stamp duties rose 46% MoM in December.
High-interest rates to hold back demand for property investments: CBRE
In 2023, the effective mortgage rate increased by 75 bps to 4.125%.
39 pre-sale consents for residential projects issued in 2023
The consents involved a total of 21,258 residential units.
Lantau Island site sold for $203m
APEX King was the successful tenderer.
Evergrande to record $60.3m in Shanghai Henggen Real Estate exit
A unit of Evergrande will sell its 30% stake in Shanghai Henggen Real Estate for $727.3m.
Over 50% of Hongkongers anticipate a drop in home prices in the next 12 months
With this expectation, half of Hongkongers expressed disinterest in purchasing a property in 2023.
What are the most searched properties in Hong Kong in 2023?
Two of the 10 popular searches are shopping complexes.
Gov’t heightens estate penalties for public housing
The enhanced measure will take effect on December 18.
Property market needs time to adjust to new measures: CE Lee
The government reduced rates of the Buyers's Stamp duty to 7.5%.
Are developers losing their appetite for land acquisition?
Since 2022, four residential sites have been withdrawn from government tender.
Property sales down 24.5% MoM in October
Year-on-year, sales dropped 33.9%.
Gov't on track to reduce waiting time for public rental housing
The government said that it has identified sufficient land to meet demand from 2024 to 2025.
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