{"id":2941,"date":"2016-09-19T10:12:51","date_gmt":"2016-09-19T02:12:51","guid":{"rendered":"http:\/\/www.spacious.hk\/en\/blog\/?p=2941"},"modified":"2023-11-02T17:25:18","modified_gmt":"2023-11-02T09:25:18","slug":"weekly-roundup-hk-property-sales-up-35-li-ka-shing-back-into-the-property-market","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/weekly-roundup-hk-property-sales-up-35-li-ka-shing-back-into-the-property-market","title":{"rendered":"Weekly Roundup \u2013 Sale Transactions Jump 35%;    Li Ka-Shing Back Into The HK Land Market"},"content":{"rendered":"<p><b>Weekly Roundup \u2013 Sale transactions jump 35%; \u00a0 \u00a0Li Ka-shing back into the land marketHong Kong Property Sales Leap 35% As Investors Join Buying Frenzy<\/b><span style=\"font-weight: 400;\"> \u2014 According to Midland Realty, Hong Kong\u2019s property market increased by 35% in the first two weeks of September. Midland predicts that this increase would increase to almost 8,000 by the end of the month. \u2014<\/span><a href=\"http:\/\/www.scmp.com\/property\/hong-kong-china\/article\/2020072\/hong-kong-property-sales-leap-35-cent-investors-join-buying\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SCMP.com<\/span><\/a><\/p>\n<p><b>Billionaire Li Ka-Shing Is Getting Back Into Hong Kong Housing Market<\/b><span style=\"font-weight: 400;\"> \u2014 Li Cheung Kong Property Holdings Ltd. has purchased its first plot of residential land in four years. The purchase of the New Territories site near <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/sha-tin\"><span style=\"font-weight: 400;\">Sha Tin<\/span><\/a><span style=\"font-weight: 400;\"> above the expected price range is a good sign for Hong Kong\u2019s property market. \u2014<\/span><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-09-14\/cheung-kong-property-to-pay-251-million-for-hong-kong-site\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Bloomberg.com<\/span><\/a><\/p>\n<p><b>Sell H.K. Property Stocks On Trump Win Says $13 Billion Manager<\/b><span style=\"font-weight: 400;\"> \u2014 A dutch pension fund manager with PGGM advises investors to dump Hong Kong real estate stocks if Donald Trump wins the presidential election in November. A win for the real estate mogul could hurt world trade. \u2014<\/span><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-09-12\/sell-h-k-property-stocks-on-trump-win-says-13-billion-manager\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Bloomberg.com <\/span><\/a><\/p>\n<p><b>Hong Kong Offices Are The World\u2019s Most Costly To Rent <\/b><span style=\"font-weight: 400;\">\u2014 Hong Kong may remain the most expensive city in which to rent offices. The annual office rent in Hong Kong is $278.5 per square foot, which places the city ahead of New York\u2019s $158 and Tokyo\u2019s $149.5 per square foot. The HK Government hopes to ease the shortage of space driving the high prices in <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/central\"><span style=\"font-weight: 400;\">Central<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/tsim-sha-tsui\"><span style=\"font-weight: 400;\">Tsim Sha Tsui<\/span><\/a><span style=\"font-weight: 400;\"> with the development of CBD2 in the Kai Tak and <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/kowloon-bay\"><span style=\"font-weight: 400;\">Kowloon Bay<\/span><\/a><span style=\"font-weight: 400;\"> areas. \u2014<\/span><a href=\"http:\/\/asia.nikkei.com\/Politics-Economy\/Economy\/Hong-Kong-offices-are-the-world-s-most-costly-to-rent\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Asian Review<\/span><\/a><\/p>\n<p><b>Hong Kong New Flat Sales Predicted To Top HK$150 Billion This Year<\/b><span style=\"font-weight: 400;\"> \u2014 Midland Realty has reported a significant increase in home-buying activity. They predict that they could see the third-highest annual total since 1996. \u2014<\/span><a href=\"http:\/\/www.scmp.com\/property\/hong-kong-china\/article\/2019013\/hong-kong-new-flat-sales-predicted-top-hk150-billion-year\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SCMP.com<\/span><\/a><\/p>\n<p><b>Hong Kong Regulator Fines HSBC For Regulatory Breaches<\/b><span style=\"font-weight: 400;\"> \u2014 HSBC was fined HK$2.5 million dollars for regulatory breaches and internal control failings. HSBC has been cooperative with the Securities and Futures Commission and claims that no clients were impacted. \u2014<\/span><a href=\"http:\/\/www.businesstimes.com.sg\/banking-finance\/hong-kong-regulator-fines-hsbc-for-regulatory-breaches\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Business Times<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Roundup \u2013 Sale transactions jump 35%; \u00a0 \u00a0Li Ka-shing back into the land marketHong Kong Property Sales Leap 35% As Investors Join Buying Frenzy \u2014 According to Midland Realty, Hong Kong\u2019s property market increased by 35% in the first two weeks of September. Midland predicts that this increase would increase to almost 8,000 by the end of the month. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2942,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[68,67],"class_list":["post-2941","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-hot-news","tag-spacious-news"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/2941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/comments?post=2941"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/2941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/2942"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=2941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=2941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=2941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}