{"id":3092,"date":"2016-10-07T17:00:11","date_gmt":"2016-10-07T09:00:11","guid":{"rendered":"http:\/\/www.spacious.hk\/en\/blog\/?p=3092"},"modified":"2023-11-03T11:14:13","modified_gmt":"2023-11-03T03:14:13","slug":"weekly-round-up-strong-september-fuels-optimism-in-the-hk-housing-market-bubble-risk-remains-in-hk-property-market","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/weekly-round-up-strong-september-fuels-optimism-in-the-hk-housing-market-bubble-risk-remains-in-hk-property-market","title":{"rendered":"Weekly Round-up: Strong September Fuels Optimism In The HK Housing Market; Bubble Risk Remains In HK Property Market"},"content":{"rendered":"

Weekly Round-up by\u00a0Clarke Illmatical<\/a><\/p>\n

Hong Kong Home Prices May Rise 5% Next Year<\/b> \u2014 Some HK analyst predict that the <\/span>Hong Kong housing<\/span><\/a> market will start moving in 2017. A number of buyers have moved back into the market after an abysmal first quarter when prices plunged 7%. \u2014<\/span> SCMP.com<\/span><\/a><\/p>\n

Hong Kong and Singapore Property markets diverge<\/b> \u2014 A<\/span> Bloomberg.com<\/span><\/a> article reports that while home prices in neighboring Singapore continue to fall, <\/span>prices in Hong Kong<\/span><\/a> have surged. Singapore\u2019s home vacancy rates are at their highest in 11 years. Experts still believe Hong Kong is \u201cat risk of a bubble.\u201d<\/span><\/p>\n

\"Singapore.<\/a>

Singapore’s home vacancy rates are at their highest in 11 years. Image from: David Russo<\/a>.<\/p><\/div>\n

Chinese Buyers Returning To Hong Kong Housing <\/b>\u2014 Mainland buyers interested in <\/span>offshore assets<\/span><\/a> is driving sales. Mainland Chinese buyers are looking to Hong Kong due to increased pricing in Chinese cities, fears of a weaker yuan and as long-term investments. \u2014<\/span> Bloomberg.com<\/span><\/a><\/p>\n

6 Global Cities That Could Be In A Housing Bubble<\/b> \u2014 A<\/span> CNN Money<\/span><\/a> article listed Hong Kong as one of six cities in a bubble-risk territory. Incomes remain flat creating affordability issues. <\/span>London<\/span><\/a>, Sydney and Vancouver, all popular cities with Asian <\/span>overseas investors<\/span><\/a>, also made the list.<\/span><\/p>\n

\"London<\/a>

London is one of the cities with risk of bubble in the property market. Image from barnyx<\/a>.<\/p><\/div>\n

Kerry Properties To Pay HK$7.3 billion For Hong Kong Land Site<\/b> \u2014 Kerry Properties Ltd. outbid Cheung Kong Property Holdings Ltd. and Sun Hung Kai Properties Ltd. with an HK$7.3 billion offer for government land in the <\/span>Ho Man Tin<\/span><\/a> district of Kowloon. \u2014<\/span> Bloomberg.com<\/span><\/a><\/p>\n

Property Market Rise Adds To Hong Kong Banks\u2019 Latent Risks<\/b> \u2014 A<\/span> Moodys.com<\/span><\/a> article mentions that a Hong Kong property market rebound is negative for the territory\u2019s bank. Moody\u2019s analyst are concerned with higher latent risks in mortgage underwriting as competition pressures loan writing.<\/span>
\nVisit Spacious.HK for insights on Hong Kong apartments, housing and property investment.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Weekly Round-up by\u00a0Clarke Illmatical Hong Kong Home Prices May Rise 5% Next Year \u2014 Some HK analyst predict that the Hong Kong housing market will start moving in 2017. A number of buyers have moved back into the market after an abysmal first quarter when prices plunged 7%. \u2014 SCMP.com Hong Kong and Singapore Property markets diverge \u2014 A Bloomberg.com […]<\/p>\n","protected":false},"author":2,"featured_media":3093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[69,68,79,76,67],"class_list":["post-3092","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-headline","tag-hot-news","tag-market-news","tag-news","tag-spacious-news"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3092","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=3092"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/3093"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=3092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=3092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=3092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}