Hong Kong Property News -

Sierra Sea Adds 133 Units Starting at HK$3.27 Million

Affected by the Trade War, Buyers Turn More Cautious; EPRC Property Price Index Slightly Rises by 1.29%

Sierra Sea in Sai Sha Oversubscribed 109 Times

Sierra Sea Adds 133 Units Starting at HK$3.27 Million

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 9.6K 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 10.1K 81

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 8.8K 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should invest in renovations before selling properties that are over a decade old and retain their original or somewhat outdated interiors.The decision ultimately varies, as each seller has unique selling strategies and every bu...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 12.5K 210

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 9.8K 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 8.8K 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 8K 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 9.9K 214

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 8.6K 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 8.6K 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