Hong Kong Property News -

Sai Kung Luxury Home Sold for HK$11.38M, Owner Loses HK$7M

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%

Sai Kung Luxury Home Sold for HK$11.38M, Owner Loses HK$7M

To combat the misuse of public housing, the Housing Authority has deployed new tactics. Housing chief Winnie Ho Wing-yin has announced that there will be a continuation of increased random checks on tenant property declarations and enhanced scrutiny of tenant assets, including the valuation of vehic...

28Hse Editor #Wed Property Focus 2024-02-27 21.5K 158 33

The real estate market is unpredictable. To adapt to the constantly changing economic environment, as well as to the distinct positioning and competition levels of new projects, developers frequently alter their marketing strategies. Recently, a property was initially launched with a fixed price lis...

28Hse Editor #Wed Property Focus 2024-02-20 7.4K 37 14

Property prices in Hong Kong remain high, and even subsidised housing has turned into a speculative investment tool, leading to controversy. The Housing Authority (HA) recently managed a case involving the resale of a Home Ownership Scheme (HOS) flat, resulting in the owner being required to surrend...

28Hse Editor #Wed Property Focus 2024-02-06 19.9K 152 50

Land scarcity in Hong Kong has been a persistent issue. In recent years, to maximize space efficiency, most new buildings feature bathrooms without windows. However, many prospective tenants and buyers are reluctant to choose flats with such bathrooms. What is the issue with this design?Bathr...

28Hse Editor #Wed Property Focus 2024-01-30 11.9K 92 33

The Housing Authority has tightened its policies for wealthy public housing tenants since October of the previous year, mandating that tenants declare their assets and living conditions every two years. So far this fiscal year, the authority has repossessed 2,100 misused public housing flats, and an...

28Hse Editor #Wed Property Focus 2024-01-23 33.6K 262 80

Last year's performance of land sales fell short of expectations, characterized by numerous failed land bids and revenue from land premium plummeting to a 14-year low. Further, this fiscal year's fiscal deficit has exceeded projections, largely due to the lower-than-anticipated revenues from stamp d...

28Hse Editor #Wed Property Focus 2024-01-17 7.9K 57 19

When a person dies, they may leave behind assets such as bank deposits or properties. However, many people do not have a will and relevant arrangements. This may easily lead to conflict of relationship when inheriting assets without a will.The process for inheriting properties is notably comp...

28Hse Editor #Wed Property Focus 2024-01-09 17.6K 299 59

Life can be unexpected. Some facing financial difficulties may have no choice but to file for bankruptcy. But this isn’t the only way to eliminate debt. What other methods are there?Undoubtedly, borrowers get a chance to clear their debts by filing for bankruptcy. However, the ramifications o...

28Hse Editor #Wed Property Focus 2024-01-02 8.2K 63 21

Home renovation is very common, and it can be hard to choose a favourite interior design company. In addition to budget and design, you must also take...

28Hse Editor #Wed Property Focus 2023-12-27 3.9K 37 12

As the end of the year approaches, people start to look forward to bonuses or double pay from their company. How much income an applicant earns will have a direct impact on the ratio of mortgage repayment to income. This, in turn, will affect the results of their mortgage application and the stress ...

28Hse Editor #Wed Property Focus 2023-12-19 5.5K 61 14

The Housing Authority announced earlier the latest waiting time for public rental housing (PRH) flats. As of the end of September this year, the average waiting time for general rehoused PRH applicants in the past 12 months was 5.6 years, an increase of 0.3 year over the previous quarter, due to a d...

28Hse Editor #Wed Property Focus 2023-12-12 13K 166 29

The Hong Kong Housing Society has launched its fifth government-subsidised housing project, Hemma Amber, located at 18 On Hei Street, Kwun Tong. Applications will be accepted from 30 November to 13 December, with a ticket draw scheduled for the first quarter of next year and flat selection for the s...

28Hse Editor #Wed Property Focus 2023-12-05 13.6K 355 23

Recently, Yoho West, a large-scale new development in Tin Shui Wai under Sun Hung Kai Properties (SHKP), announced its first price list involving 280 units. The flats were sold at a discounted price of about HK$2.9 million, at a discounted average price of HK$10,888 per square foot, a six-year low f...

28Hse Editor #Wed Property Focus 2023-11-28 13.6K 112 29

Most new developments are put on sale as pre-construction properties, which can take as little as a few months or as long as three years. Therefore, many hopeful homeowners anticipate the day they can acquire their new home. When a developer obtains an occupation permit for a new residential project...

28Hse Editor #Wed Property Focus 2023-11-21 10.5K 127 30

Hong Kong's property market has shown signs of significant decline recently, which will inevitably affect buyers' confidence in entering the market. T...

28Hse Editor #Wed Property Focus 2023-11-15 297 2 1