Hong Kong Property News -

Sun Hung Kai's Sierra Sea Set for Launch as Early as Next Month

Jessville Tower in Pok Fu Lam Sells 8 Units, Generating HK$210 Million

Sun Hung Kai's Sierra Sea Set for Launch as Early as Next Month

To address financial challenges, many parents in Hong Kong work full-time, leading families to hire domestic helpers to care for young children. However, employers must arrange proper accommodation for their helpers. With living spaces in Hong Kong becoming increasingly compact, is it still possible...

28Hse Editor #Wed Property Focus 2024-11-27 8.1K 55

In the latest Policy Address, the government relaxed the mortgage cap for both residential and non-residential properties, increasing it to 70%. This change also benefits parking spaces. According to data from the Land Registry, there were 386 parking space registrations in October, a 23.7% increase...

28Hse Editor #Wed Property Focus 2024-11-20 6.2K 57

Hong Kong has been the world's most unaffordable housing market for 14 consecutive years. Last year, the affordability ratio was 16.7, meaning it would take a household 16.7 years of saving, without spending on anything else, to afford a home. Saving enough for the down payment is already challengin...

28Hse Editor #Wed Property Focus 2024-11-13 10.6K 85

Buying a property is a major life decision, and many people worry about missing important steps that could lead to the transaction falling through. After the buyer signs the Formal Sale and Purchase Agreement and the bank’s mortgage offer letter, what procedures still need to be completed?Onc...

28Hse Editor #Wed Property Focus 2024-11-06 10.3K 151

Many tenants believe that renting a property only involves paying rent on time, but in reality, there are many additional costs, such as management fees, internet fees, stamp duty, and utility bills (water, electricity, gas). It is important to clarify these details with the landlord when signing th...

28Hse Editor #Wed Property Focus 2024-10-29 6.7K 85

The annual Policy Address was released last week, and as always, housing is a key issue of public concern. Even before the report was announced, Chief Executive John Lee had already hinted at addressing the issue of subdivided flats (also known as “劏房”), and there was much speculation in...

28Hse Editor #Wed Property Focus 2024-10-22 4.8K 39

If you’re interested in a highly sought-after property, agents often suggest showing your sincerity by writing a small deposit check and signing a Provisional Sale and Purchase Agreement. This way, if the seller agrees to the offer, the contract can be signed immediately, securing the property...

28Hse Editor #Wed Property Focus 2024-10-16 8.2K 141

These days, more and more new developments come with balcony designs. But what are the pros and cons of having a balcony?This trend dates back to the 2000s when the government incentivised developers to include balconies and utility platforms by offering floor area exemptions. The goal was to...

28Hse Editor #Wed Property Focus 2024-10-09 9K 71

The U.S. Federal Reserve recently announced a 0.5% interest rate cut, its first reduction in over four years. Following this, Hong Kong banks lowered their prime rates (P) by 0.25%, meaning that monthly mortgage payments for homeowners have decreased slightly.In this rate-cutting cycle, many people...

28Hse Editor #Wed Property Focus 2024-10-01 7.7K 81

When applying for a mortgage, the repayment term can extend up to 30 years. It takes a long time to pay off a property, and the associated costs can be substantial. Many people often express how burdensome mortgage payments can be, so what are some ways to save on mortgage interest?In additio...

28Hse Editor #Wed Property Focus 2024-09-25 9.4K 99

The US Federal Reserve is expected to announce a rate cut on September 19, with a 0.25% reduction being the most likely. The market is also watching to see if Hong Kong banks will follow suit with interest rate adjustments.Ahead of the rate decision, the second-hand property market has slowed signi...

28Hse Editor #Wed Property Focus 2024-09-17 9.7K 79

In recent years, the property market has been on a continuous decline, leading some people to consider buying during this dip. However, buyers should be prepared for potential issues, such as properties being undervalued by banks. Deciding between purchasing a new property or a second-hand one can b...

28Hse Editor #Wed Property Focus 2024-09-10 8.7K 172

The annual application period for the Home Ownership Scheme (HOS) has arrived once more. The scheme will launch in the fourth quarter of this year, offering a total of 7,132 units across five estates, priced at 30% off the market rate. Unit prices range from HK$1.43 million to HK$4.67 million....

28Hse Editor #Wed Property Focus 2024-09-03 19.9K 404

Recently, there has been ongoing debate about whether homeowners should invest in renovations before selling properties that are over a decade old and retain their original or somewhat outdated interiors.The decision ultimately varies, as each seller has unique selling strategies and every bu...

28Hse Editor #Wed Property Focus 2024-08-27 9.3K 83

In the latest real estate headlines, one of the most startling developments has emerged from North Point's Braemar Hill Mansions, where 95% of the units feature unauthorised external wall modifications to their kitchens, converting them into balconies for drying clothes. The Buildings Department has...

28Hse Editor #Wed Property Focus 2024-08-20 12.4K 210