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Hong Kong Property | March 7, 2018
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 […]
Hong Kong Property | December 15, 2016
HK Raised Base Rate by 0.25%, Following US Fed’s Move The US Federal Reserve announced that the benchmark interest rate would rise by 25 basis points, boosting federal fund rates to a target range of between 0.5 and 0.75 per cent, up from 0.25 to 0.5 per cent since December 2015. Fed Chair Janet Yellen expected three further rise in […]
Hong Kong Property | December 13, 2016
Standard Chartered Cuts Mortgage Rate to H+1.33% According to source of Sing Tao Daily, Standard Chartered has cut its mortgage rate to 133 basis points above the Hong Kong Interbank Offered Rate (HIBOR), for loans of at least HK$8 million, offering the cheapest loan in the city. Meanwhile, Bank of China (Hong Kong) is offering mortgage rate of 140 basis […]
Hong Kong Property | December 12, 2016
Metro City & Dawning Views Carparks Set Record Prices Carparks in Tseung Kwan O’s Metro City and Fanling’s Dawning Views transacted in all-time high prices yesterday. A parking space in Metro City Phase 2 was sold at HK$1.2 million, 11% higher than the original record in HK$1.08 million. Meanwhile, two parking lots in Dawning Views were both sold at HK$1.28 million, 6.7% more […]
Hong Kong Property | December 9, 2016
Central Office Rents Rank First in the World Hong Kong’s office rents in Central surged to the world’s highest this year. Hong Kong ranks No 1 in terms of the world’s highest rent for a premium office, with London and New York in second and third place respectively, according to JLL’s latest Global Premium Office Rent Tracker. The price of […]
Hong Kong Property | December 8, 2016
IMF Warns Possible Downturn in HK Property Market The International Monetary Fund (IMF) announced its annual assessment of Hong Kong economy yesterday. It identified one of the main risks Hong Kong facing is the possible downturn of property market due to the rising interest rate, resulting in adverse effect on the local economy. IMF supported the cooling measures adapted by […]
Hong Kong Property | December 7, 2016
1,900 New Homes Ready For Sale Early Next Year The government’s cooling measures have been affecting property developers’ plan on launching new projects. Several new projects including Sun Hung Kai’s The Pavilia Bay in Tsuen Wan and Mount Pavilia in Clear Water Bay; Cheung Kong’s Crescendo in Yuen Long San Tin and Ocean Pride in Tsuen Wan West; and Kerry’s […]
Hong Kong Property | December 6, 2016
Kai Tak Site Winner Pledged Shares For Loans The controlling shareholder of HNA Holding Group (521) pledged nearly all of its stake in the firm as security for a loan – a month after the group paid a jaw-dropping HK$8.84 billion for its first residential site in Hong Kong. Hong Kong HNA Holding Group, has pledged 56.11% or 6.39 billion shares in the […]
Hong Kong Property | December 5, 2016
Sing Tao: Private Domestic Supply To Soar Next 3 Years According to government’s latest internal statistics, the completion of private domestic units will remain high in the next three years, reaching 22,000 to 25,000 per year, the local newspaper Sing Tao Daily claims. The supply will expand to 24,000 soonest next year and the source claimed that it would reach […]
Hong Kong Property | December 2, 2016
Luxury Homes Price Up After Cooling Measures The cooling measures started weeks ago seem to have minor impact on luxury home market. Several luxury projects even priced up after consecutive transactions. The Grampian in Kowloon Tong recorded the first transaction recently, while the developer Hanison announced that the price of Unit 2A will be priced up for 5%, from HK$60 […]
Hong Kong Property | December 1, 2016
Chun Wo To Release Tiniest Flat in Town Chun Wo Property Development Holdings, a unit of Asia Allied Infrastructure Holdings, is building the city’s tiniest flat. Inspired by the concept of student quarters, the company’s soon-to-be released project, TPlus, in Tuen Mun includes studio flats with sizes ranging from 128 square feet, the smallest in Hong Kong and even smaller than […]
Hong Kong Property | November 30, 2016
Amoy Garden Small Unit Sold at HK$4.08m A 255 sellable square feet flat at Amoy Gardens in Ngau Tau Kok was sold for HK$4.08 million or HK$16,000 per square foot. It is the second most expensive small unit sold from the estate. Meanwhile, a 431-square-foot two-room unit in Rhythm Garden was sold at HK$6.28 million or HK$14,571 per square foot, […]
Hong Kong Property | November 29, 2016
Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home Mainland buyers continue to invest in Hong Kong’s luxury homes. A Mainland buyer purchased a 1,022-square-foot three-room unit in Sheung Shui’s Woodland Crest for HK$9 million, or HK$8,806 per square foot. In addition to the 15% buyer’s stamp duty and 15% double stamp duty, the buyer is willing to pay the […]
Hong Kong Property | March 7, 2018
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 […]
Hong Kong Property | December 15, 2016
HK Raised Base Rate by 0.25%, Following US Fed’s Move The US Federal Reserve announced that the benchmark interest rate would rise by 25 basis points, boosting federal fund rates to a target range of between 0.5 and 0.75 per cent, up from 0.25 to 0.5 per cent since December 2015. Fed Chair Janet Yellen expected three further rise in […]
Hong Kong Property | December 13, 2016
Standard Chartered Cuts Mortgage Rate to H+1.33% According to source of Sing Tao Daily, Standard Chartered has cut its mortgage rate to 133 basis points above the Hong Kong Interbank Offered Rate (HIBOR), for loans of at least HK$8 million, offering the cheapest loan in the city. Meanwhile, Bank of China (Hong Kong) is offering mortgage rate of 140 basis […]
Hong Kong Property | December 12, 2016
Metro City & Dawning Views Carparks Set Record Prices Carparks in Tseung Kwan O’s Metro City and Fanling’s Dawning Views transacted in all-time high prices yesterday. A parking space in Metro City Phase 2 was sold at HK$1.2 million, 11% higher than the original record in HK$1.08 million. Meanwhile, two parking lots in Dawning Views were both sold at HK$1.28 million, 6.7% more […]
Hong Kong Property | December 9, 2016
Central Office Rents Rank First in the World Hong Kong’s office rents in Central surged to the world’s highest this year. Hong Kong ranks No 1 in terms of the world’s highest rent for a premium office, with London and New York in second and third place respectively, according to JLL’s latest Global Premium Office Rent Tracker. The price of […]
Hong Kong Property | December 8, 2016
IMF Warns Possible Downturn in HK Property Market The International Monetary Fund (IMF) announced its annual assessment of Hong Kong economy yesterday. It identified one of the main risks Hong Kong facing is the possible downturn of property market due to the rising interest rate, resulting in adverse effect on the local economy. IMF supported the cooling measures adapted by […]
Hong Kong Property | December 7, 2016
1,900 New Homes Ready For Sale Early Next Year The government’s cooling measures have been affecting property developers’ plan on launching new projects. Several new projects including Sun Hung Kai’s The Pavilia Bay in Tsuen Wan and Mount Pavilia in Clear Water Bay; Cheung Kong’s Crescendo in Yuen Long San Tin and Ocean Pride in Tsuen Wan West; and Kerry’s […]
Hong Kong Property | December 6, 2016
Kai Tak Site Winner Pledged Shares For Loans The controlling shareholder of HNA Holding Group (521) pledged nearly all of its stake in the firm as security for a loan – a month after the group paid a jaw-dropping HK$8.84 billion for its first residential site in Hong Kong. Hong Kong HNA Holding Group, has pledged 56.11% or 6.39 billion shares in the […]
Hong Kong Property | December 5, 2016
Sing Tao: Private Domestic Supply To Soar Next 3 Years According to government’s latest internal statistics, the completion of private domestic units will remain high in the next three years, reaching 22,000 to 25,000 per year, the local newspaper Sing Tao Daily claims. The supply will expand to 24,000 soonest next year and the source claimed that it would reach […]
Hong Kong Property | December 2, 2016
Luxury Homes Price Up After Cooling Measures The cooling measures started weeks ago seem to have minor impact on luxury home market. Several luxury projects even priced up after consecutive transactions. The Grampian in Kowloon Tong recorded the first transaction recently, while the developer Hanison announced that the price of Unit 2A will be priced up for 5%, from HK$60 […]
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