Residential Property
Secondary home sales up 21% to 1,725 in first half of February
This is partly due to stamp duty amendments encouraging home upgrades.
Happiest place on earth no more: housing woes may hit Disney
Mickey and Minnie may soon be homeless, but at least, 40,000 Hong Kongers won’t be.
Government mulls imposing $350 levy on property recipients
If passed, the PMSA will collect start collecting from property transferees by July 1.
Consumer watchdog warns against overseas property purchases
The number of complaints lodged at the council more than doubled in 2017.
4,431 subsidised flats up for sale in 2018
The price range for the homes range from $1.59m to $6.3m.
Government mulls building homes atop roads and railways
However, it only serves as a medium to long-term supply option.
Heated property market may have helped embattled HNA Group stay afloat
Its $16b sale to Henderson Land was 12% higher than the original land selling price.
Mortgage registration cases hit 7,612 in January
HSBC ate up almost a fourth of market share after snapping over 1800 deals.
Housing frenzy to moderate in 2018 amidst growing supply
Sales will remain muted whilst secondary home prices is poised to slow this year.
More expats want posh homes in Q4
This pushed rents up, with Mid-levels rising the fastest at 0.6%.
Government mulls development options for Fanling golf course
The partial development option can provide 4,600 flats whilst the full option can triple the number at 13,200 units.
Chinese land buying spree abates as lands sold via government tenders fall to 11%
Blame tighter capital controls and greater scrutiny of overseas purchases.
Household debt weighs heavily on homeowners as home prices far exceed wage growth
The situation could only go worse if local interest rates rise.
Stamp duty rebate extension opens residential sales market to more players
As a result, more secondary homes may be put up for sale.
Year-end home prices up for 14th month in a row
And it’s poised to rise by as much as 10% in 2018.
Zero negative equity for homeowners for the first time in 16 years
Thanks to the ever rising value of residential properties.
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