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Property

Recent news about property in Hong Kong.

‘Nano flats’ dominates supply of new homes in Hong Kong

According to the Hong Kong government’s Rating and Valuation Department, close to 83 per cent of the completed housing units this year are small units, defined as area below 753 sq ft. One-third of new homes are below 430 sq… Continue Reading →

Stamp duty on residential property deals raised to 15%

Latest SAR government’s supportive measure to local home hopefuls Hong Kong residential real estate deals will be subjected to stamp duty of 15 percent of the value from midnight of 5th November, announced at a briefing involving the Chief Executive… Continue Reading →

HK private home prices mark record high of 2016

Prices 3.46pc lower than their peak in September 2015 According to data released by the Rating and Valuation Department on 31st October, Hong Kong home prices rose by 2.78 percent in September (a month-to-month growth rate), marking 8.88 percent the… Continue Reading →

Tiny “Space Capsule” homes spring up in Hong Kong

Netizens mock the idea as a moden twist of “coffin apartment” and “dog house” Being seen on a website of local properties platform, a dozen tiny 20-square-foot capsules come with a television, air conditioning, memory foam and pillow for single… Continue Reading →

Meet new MTR stations: Ho Man Tin and Whampoa

Welcome to all-time high property price in the communities Mass Transport Railway(MTR:0066.HK) has extended its Kwun Tong line with the opening of Whampoa and Ho Man Tin stations on 26th October. The railway links these 2 regions where are mostly… Continue Reading →

Hong Kong post-2047 land lease is alarming

Rising risk of Hong Kong property market The uncertainty of Hong Kong’s post-2047 political system that the year when Bejing’s pledge of keeping Hong Kong’s system unchanged for 50 years after Hong Kong sovereignty was handed from British to the… Continue Reading →

HSBC rents co-working space for cutting cost?

The biggest deal of membership subscription in Hong Kong yet: 300 I.T. specialists are moved to a hot-desking site in Causeway Bay Setting up transitional office in Causeway Bay to house its digital and transformation teams requires long-term leasing contract… Continue Reading →

8000 HK-ers flocked to home flat viewing

Developers are selling flats at lower-than-expected price Sun Hung Kai Properties (SEHK:0016), sole developer of Yoho Town project which is a multi-phase residential housing and shopping malls complex adjunct to Yuen Long MTR station, said more than 8,000 people visited… Continue Reading →

Modified recreational vehicles are sold as motorhomes

Where to live in Hong Kong? In the fact that being one of the most densely populated places in the world, a idea of mobile living springs out among flat buyers. Some business is selling recreational vehicles (RV) with sales… Continue Reading →

HK property price turns to downward trend

However, common Hongkongers are convinced they cannot buy their first homes. Citibank interviewed 500 people in September, about 52% of them believe property price levels will go down in the following year, 58% reckon there is no chance for them to afford a home… Continue Reading →

New homes price-cuts capture Hong Kong buyers

Pending second-hand homes market is sluggish. Totally 482 transactions of first-hand residential property were recorded over the last weekend in Hong Kong. Offering tax rebate, mortgage plan and sub-secondary-market-levels pricing to buyers, CK Property (01113.HK) sold 450 of 560 units of… Continue Reading →

CK Property won a seafront site residential project

The MTR Corp awarded the tender of the last seafront site at the 8th phase of Lohas Park to CK Properties for HK$2.96b. The MTR Corp (0066.HK) invited HK developers to submit the expressions of interest for a waterfront site at the 8th phase of Lohas… Continue Reading →

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