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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 →

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 →

Hong Kong regains the crown of world’s most expensive city for expats to live

Strong currency and barely affordable housing push Hong Kong to the top of the list According to the latest annual survey of 2016 Cost of Living Rankings by consultancy firm Mercer, Hong Kong has been named the world’s most expensive… 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 →

Hong Kong’s home price indices hit record high

Price indices of July increased 0.8% to 303.6 since June, accumulated 9% up since January. Hong Kong Rating and Valuation Department (RVD) released the July report of Hong Kong’s private domestic price indices in Hong Kong. It recorded the indices… Continue Reading →

HK second-hand home property is slowing down

Hong Kong primary residential market are more attractive. Lately the price of primary residential market almost similar with the secondary-market flats, most of the home buyers prefer primary residential home to the secondary, the number of transaction in local second-hand property market… Continue Reading →

HK developers gained from hot market of new homes

Sino Land and K Wah International gained HK$ 3.3B from selling 384 units at join-project Corinthia By The Sea. US Federal Reserve will keep interest rate low, so it pushed the sale of new home in Hong Kong. Sino Land (0083.HK) and… Continue Reading →

Price of HK housing is leading the world

Home prices up by 19% YOY in 1Q15, Hong Kong ranked the top of Global House Price Index Knight Frank released the latest Global House Price Index for Q1 2015 showing the slowest growth of home price among 56 major cities worldwide… Continue Reading →

Fear of MERS gripped Hong Kong economy growth

Stocks market, property, retail and tourism industries get hurt. The first confirmed Middle East Respiratory Syndrome (MERS) case in South Korea was announced on 22 May,  toll of confirmed infection raised to 126 in 11 June. Due to confirmed cases are increasing, Hong Kong… Continue Reading →

Robust sales of new homes in HK with lower prices

Sales prices after discounts slightly lower than nearby projects in Tseung Kwan O like The Beaumount and Lohas Park Phase I. In 28 May, CK Hutchison (0001.HK)’s The Beaumount II a property, located at Tseung Kwan O, recorded 26 times oversubscribed and robust sales as… Continue Reading →

Hong Kong luxury home demand

Luxury home may be a buying curbs target after streaming in HK Super luxury properties are streaming on to the local market as small-and-medium-priced units become the target of the government’s homebuying curbs. Sino Land (0083.HK) will put few villas at its south Lantau Island… Continue Reading →

New policy to cause a fear in remortgages

Revisions of the Mortgage Insurance Programme Last Friday, The Hong Kong Mortgage Corporation Limited (HKMC) announces the following revisions was made to the Mortgage Insurance Programme (MIP) so that the maximum MIP cover for eligible properties would be reduced from… Continue Reading →

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