Second Home Prices Reaching New High With the increasing price in the primary home market, and the record high price of Ap Lei Chau residential site, the secondary market are turning viral. Home prices in Tin Shui Wai reached another peak, with a 446-square-foot apartment at Kingswood Villa fetching a price of HK$4.18 million, or HK$9,372 per sq ft, the […]

Property Shares Plunged After US Fed’s Rate Hike Shares plunged in Hong Kong yesterday led by property firms, following the US Federal’s decision to raise interest rates and the possibility that there might be three rate increases next year.. The Hang Seng Index dived 1.77% to 22,059.40 while HSI – Properties dropped 2.6% at the close. Among all the property shares, […]

On 28th February, Hong Kong Financial Secretary Paul Chan Mo-po announced the 2018-2019 budget. Mr. Chan stated that he was cautiously optimistic about Hong Kong’s economic prospects. Although he admitted that property prices had soared beyond the affordability of ordinary citizens over the past years, he believed that the key factors underpinning soaring property prices over the past few years were gradually undergoing […]