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

Following the government's removal of property cooling measures, there was a spike in market transactions, but property prices have not improved. Many owners are still forced to sell at a loss. In response to the changing economic environment, mortgage insurance companies have introduced new arrange...

28Hse Editor #Wed Property Focus 2024-08-13 9.5K 179

Applying for a mortgage is one of the most crucial steps in purchasing a property. It involves evaluating the borrower's financial capacity, the property's valuation, and the bank's stance. Recently, banks have tightened their mortgage application processes, making them more cautious. Therefore, it'...

28Hse Editor #Wed Property Focus 2024-08-06 7.1K 130

Recently, Hong Kong's secondary property prices have been falling, while new developments are being offered at attractive low prices. For those looking to buy, it might seem like a great time to snag a bargain. However, many buyers overlook the importance of property valuation.What exactly is...

28Hse Editor #Wed Property Focus 2024-07-30 9.7K 131

Buying a home is a significant life event, and everyone has different preferences and lifestyles. Therefore, it is not possible to generalise which type of unit is better. In the last issue, we discussed the differences between standalone buildings and large housing estates. This time, we will compa...

28Hse Editor #Wed Property Focus 2024-07-23 8.7K 43

For many homebuyers, choosing a property is never easy. Factors such as location, school network, layout, size, and surrounding facilities all come into play. Whether it's a new development or an older building, one decision remains: should you choose a large housing estate or a standalone building?...

28Hse Editor #Wed Property Focus 2024-07-16 7.9K 100

When a homeowner applies for a mortgage from a bank, the deed is kept as collateral by the bank to protect its interests during the loan period. Once the mortgage is fully paid off, the homeowner can apply for a discharge of mortgage, and with the help of a lawyer, they can fully own the property.&n...

28Hse Editor #Wed Property Focus 2024-07-09 9.5K 213

When buying a second-hand property, once the buyer and seller agree on the price and decide to proceed, they sign a Provisional Sale and Purchase Agreement. This agreement establishes the intent of both parties to proceed with the transaction. However, many overlook an important detail at this stage...

28Hse Editor #Wed Property Focus 2024-07-02 8.5K 171

Waiting for public housing can feel endless. As of the end of March 2024, the average waiting time for public housing is 5.7 years. To address this prolonged wait, the government has introduced ‘Light Public Housing’, with the first batch of applications opening on June 24.The fir...

28Hse Editor #Wed Property Focus 2024-06-25 8.5K 133

With the advancement of technology, our lives have become significantly more convenient. We've all experienced forgetting or losing our keys at some point, which is where electronic locks come in. Widely used in homes and offices, what are the advantages and disadvantages of electronic locks?Electr...

28Hse Editor #Wed Property Focus 2024-06-18 10.4K 78

According to current Housing Authority regulations, second-hand Home Ownership Scheme (HOS) flats can only be sold on the open market after paying the land premium if they have been owned for at least 15 years. However, if selling on the Secondary Market, the flats can be resold to Green Form or Whi...

28Hse Editor #Wed Property Focus 2024-06-12 13.4K 257

After repeated failures to sell land last year, even the compulsory auction of old buildings – a strategy long pursued by developers – has recently resulted in an auction with no bids (“no-sale”). With the scarce supply of new land in the core business districts of Hong Kong ...

28Hse Editor #Wed Property Focus 2024-06-04 8.7K 93

Recently, a unit at Malibu Lohas Park was rented out on Airbnb without a license, leading to legal issues for the owner. The owner faced charges under the Hotel and Guesthouse Accommodation Ordinance for operating an unlicensed establishment.This incident has prompted the Home Affairs Departm...

28Hse Editor #Wed Property Focus 2024-05-28 6.1K 65

CK Asset’s new project, #Lyos, recently saw 15 buyers forfeit their deposits. In response, the developer announced heavy discounts on the remaining units, with price cuts of up to 32%. Additionally, CK Asset noted that if the resale price of any cancelled units is lower than the initial cancel...

28Hse Editor #Wed Property Focus 2024-05-22 13.3K 190

As May arrives, many employees are receiving their "green envelopes" (tax forms sent by the Inland Revenue Department (IRD)) and must file their completed tax returns by June 3rd. If opting for online submission, the deadline is extended by an additional month.Amid Hong Kong's considerable fi...

28Hse Editor #Wed Property Focus 2024-05-14 13.7K 262

In recent years, many new properties have been sold off-plan, meaning that without an existing building to visit, prospective buyers have to rely solely on the sales brochure and show flats to gather information. Purchasing a property is not as simple as buying groceries; there are several important...

28Hse Editor #Wed Property Focus 2024-05-07 6.2K 37