{"id":4658,"date":"2017-06-15T10:05:56","date_gmt":"2017-06-15T02:05:56","guid":{"rendered":"https:\/\/www.spacious.hk\/en\/blog\/?p=4658"},"modified":"2019-09-02T09:52:35","modified_gmt":"2019-09-02T01:52:35","slug":"615-news-roundup-us-fed-raised-interest-rates-by-0-25-ava-61-rolling-out-the-smallest-new-flats-in-kowloon","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/615-news-roundup-us-fed-raised-interest-rates-by-0-25-ava-61-rolling-out-the-smallest-new-flats-in-kowloon","title":{"rendered":"6\/15 News Roundup: US Fed Raised Interest Rates by 0.25%, AVA 61 Rolling Out the Smallest New Flats in Kowloon"},"content":{"rendered":"<p><strong>US Fed Raised Interest Rates by 0.25%<br \/>\n<\/strong>The Federal Reserve raised interest rates on Wednesday for the second time in three months, by a quarter percentage point to a target range of 1% to 1.25% as it proceeds with its first tightening cycle in more than a decade. The Fed\u2019s policy-setting committee indicated the economy had been expanding moderately, the labour market continued to strengthen and a recent softening in inflation was seen as transitory. The Fed gave a clear outline on its plan to reduce its US$4.2 trillion portfolio of Treasury bonds and <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/mortgages\/calculator\">mortgage<\/a>-backed securities, and one more rate rise is expected by the end of this year.<\/p>\n<p><strong>AVA 61 Rolling Out&nbsp;the Smallest New Flats in Kowloon<br \/>\n<\/strong>Way Creation Ltd has uploaded yesterday the sales brochure of its <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/cheung-sha-wan\">Cheung Sha Wan<\/a> new project \u2013 <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/sham-shui-po\/ava-61\">AVA 61<\/a>. The project provides 138 units, sizing from 150 to 232 square feet. All the units are either studios or one-bedroom flats. The smallest 150-square-foot studio flat sets a new record of the tiniest flat in Kowloon new developments. Meanwhile, it provides a one-room featured flat of 232 square feet, but with a 1,415-square-foot platform.<\/p>\n<p><strong>Wah Kwai Estate Public House Broke Through HK$4m<\/strong><br \/>\nRecord high price transaction was made again in <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/aberdeen\">Aberdeen<\/a>\u2019s Wah Kwai Estate. A 544-square-foot unit in this public housing estate was sold at HK$4.05 million, or HK$7,445 per square foot \u2013 making it the most expensive public house (Green Form) in Hong Kong. On the other hand, a 591-square-foot unit in <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/san-po-kong\/rhythm-garden\">Rhythm Garden<\/a>, <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/san-po-kong\">San Po Kong<\/a> was sold at HK$6.38 million, or HK$10,795 per square foot. Both prices broke the highest HOS (Green Form) market price records.<\/p>\n<p>For more information on property news and prices, please visit our website at <a href=\"https:\/\/www.spacious.hk\/\">https:\/\/www.spacious.hk\/<\/a> or follow our <a href=\"https:\/\/www.linkedin.com\/company-beta\/3314349?pathWildcard=3314349\" rel=\"noopener\">LinkedIn Page<\/a>.<script src=\"\/\/platform.linkedin.com\/in.js\" type=\"text\/javascript\"> lang: en_US<\/script><br \/>\n<script data-counter=\"right\" data-id=\"3314349\" type=\"IN\/FollowCompany\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Fed Raised Interest Rates by 0.25% The Federal Reserve raised interest rates on Wednesday for the second time in three months, by a quarter percentage point to a target range of 1% to 1.25% as it proceeds with its first tightening cycle in more than a decade. The Fed\u2019s policy-setting committee indicated the economy had been expanding moderately, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[129,68,126,125,67,130],"class_list":["post-4658","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-government","tag-hot-news","tag-international","tag-overseas","tag-spacious-news","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/4658","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=4658"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/4658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/4660"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=4658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=4658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=4658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}