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

The term ‘Owners' Corporations (OCs)’ is a familiar concept in Hong Kong property management. What is it? If legal issues arise, how are homeowners affected? And if the issue remains unresolved, are there any other alternatives? The Government's policy on building management has f...

28Hse Editor #Wed Property Focus 2023-09-26 6.8K 78 20

Leading bank HSBC recently adjusted mortgage interest rates and raised the lock-in rate cap of H-mortgages. For applications submitted from September 18, the lock-in limit increased from P minus 2.25% to P minus 1.75%. Meanwhile, the cap rate increased by 0.5% to 4.125% from 3.625%, and the cash reb...

28Hse Editor #Wed Property Focus 2023-09-19 12.8K 206 22

Every phase of Hong Kong’s Home Ownership Scheme (HOS) has been well received by the public, with oversubscriptions every time. Despite a compar...

Blog #Wed Property Focus 2023-09-12 11K 62 31

When a home owner sells a property, they can choose to sell the property by themselves or appoint a licensed agent to help them sell the property. What are the differences between the two? And what is there to be aware of?In the past, owners who chose to sell their properties by themselves us...

28Hse Editor #Wed Property Focus 2023-09-05 11.1K 78 32

As in the past, many sectors have suggested that the government relax property measures to revive the Hong Kong housing market. For example, Tan Yue-heng, member of the Legislative Council and chairman of Bank of Communications International, suggested that the government could consider making halvi...

28Hse Editor #Wed Property Focus 2023-08-29 6K 69 20

CK Asset’s The Coastline II project in Yau Tong has been the talk of the town. The new development was sold at a record low price of HK$14,868 per square foot and received more than 30,600 pre-sale cheques, making it the most over-subscribed new development in Hong Kong's history. Capitalising...

28Hse Editor #Wed Property Focus 2023-08-22 13.3K 89 42

The US Federal Reserve raised interest rates again by 0.25% in July, raising the target range for the Federal Funds Rate to 5.25% to 5.5%, which is the 11th rate hike since March 2022. Subsequently, banks in Hong Kong followed suit by raising interest rates by 0.125% to 0.375%, with the prime rate r...

28Hse Editor #Wed Property Focus 2023-08-15 18.1K 157 41

After the new government took office, the government has taken much action to address the public’s concerns on land and housing, such as encouraging private property developers to participate in the construction of Private Subsidised Sale Flat and public housing. Recently, the Development Bure...

28Hse Editor #Wed Property Focus 2023-08-08 6.5K 57 13

A fresh wave of starter homes has arrived!At the start of 2019, the Government launched ‘eResidence’ – the first pilot starter home project for Hong Kong residents – which provided 450 units at the time. Now, the government has announced news for the second phase of eR...

28Hse Editor #Wed Property Focus 2023-07-25 22.3K 446 56

The Financial Secretary, Paul Chan Mo-po, revealed about a month ago that the Government would consider further marginally relaxing the loan-to-value (LTV) ratio for first-time homebuyers. On 7 July, the Hong Kong Monetary Authority (HKMA) relaxed the city’s LTV ratios, and on the same day, th...

28Hse Editor #Wed Property Focus 2023-07-19 15.5K 154 22

To increase housing supply, the government will use different methods, such as reclamation and change of land use. In one method, the Urban Renewal Authority (URA) acquires land, demolishes underused and dilapidated buildings in old districts, and redevelops them into high-rise buildings.We o...

28Hse Editor #Wed Property Focus 2023-07-05 13.6K 191 32

The Housing Authority's Subsidised Housing Committee (SHC) has approved the regular sale of Tenants Purchase Scheme (TPS) recovered flats. The new batch of TPS recovered flats will be sold under the 2023 Home Ownership Scheme (HOS).What is the Tenants Purchase Scheme? It is a scheme for the s...

28Hse Editor #Wed Property Focus 2023-06-27 28.2K 314 65

Will the government relax the loan-to-value ratio (LTV) for first-time home buyers again? Paul Chan Mo-po, Hong Kong’s financial secretary, said at a meeting of the Legislative Council Panel on Financial Affairs that the government had no intention of adjusting the property market's cooling me...

28Hse Editor #Wed Property Focus 2023-06-21 26.6K 360 57

With longer wait times and public housing in short supply, policies on well-off tenants have been controversial. In view of this, the Housing Authority's Subsidized Housing Committee met last Wednesday and approved the tightening of the policy in order to combat the abuse of public housing.Under th...

28Hse Editor #Wed Property Focus 2023-05-30 20K 252 64

To curb soaring property prices, the government has launched a number of cooling measures, including Special Stamp Duty and Buyer's Stamp Duty. These measures were introduced in 2010 – but now that market conditions have changed, there have been calls for the government to reduce or even remov...

28Hse Editor #Wed Property Focus 2023-05-23 8.3K 89 18