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Hong Kong Property Market - Yr.2020 Apr: Average price per sq feet $11460 2.86%   (last month:$11141)
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[Commercial] The Rent for Superstars' Shops in Central Fall to A Low Level that It Needs 133 Years to Make the Investment Back.

【Commercial】Hong Kong Wen Wei Po (by Li Zitian) The epidemic has frozen the catering and retail industries, and cases of close down gradually increased, causing the shop market to perform poorly. There are mor...

[New Homes] Wing Tai Rents and sells the Existing Houses in Le Cap of Kau To at the Same Time.

【New Homes】Hong Kong Wen Wei Po (Journalist Leong Yuet Kam) The economic outlook for Hong Kong is uncertain. Property prices are in downward. With the upcoming legislation of the first-hand property vacancy ...

[Trend] "Restriction of Gathering" Decreases the Activities of Viewings Houses and Causes Many Housing Estate to Record Zero Transactions.

【Trend】Hong Kong Wen Wei Po (By Yan Lunle) The Hong Kong government introduced a strict "Restriction of Gathering" to resist the continued COVID-19 epidemic, causing a halt of the activities of viewing ho...

[Trend] DBS Expects Property Prices to Fall 15% This Year.

【Trend】Hong Kong Wen Wei Po (By Liang Yueqin) The COVID-19 epidemic has hit all walks of life. Yau Coek-Man, the Hong Kong Real Estate Analyst of DBS Bank (Hong Kong), expressed in a conference call yeste...

[Land news] Mong Kok Land Sells for HKD85.9 Million, A Price Level Same as New Territories Land and Lower than the Valuation Lower Limit.

【Land news】Hong Kong Wen Wei Po (Journalist Ngan Lun Lok) Developers' intention to invest in the land has greatly diminished under the situation of the epidemic that is affecting the global economy. The bid...

[Trend] The Epidemic May Hinder Construction and Cause A Fail to Reach the Completion Target of Private Housing.

【Trend】Hong Kong Wen Wei Po (Journalist Ngan Lun Lok) Yesterday, RVD announced the "Hong Kong Property Report 2020", preliminary predicting the completion of private housing this year to 20,850 units, ...

[Commercial] SHKP Cuts Prices by 22% to Rent Out A Whole Floor in MOKO.

【Commercial】Hong Kong Wen Wei Po (By Liang Yueqin) The violent clashes caused by the amendment crisis in the second half of last year caused Mong Kok district to become a severely affected area. Now the COVID-...

[Trend] "Gathering Restriction" Does not Hinder the Customers to Search Bargains. The Second-Hand Property Market Is Still Booming.

【Trend】Hong Kong Wen Wei Po (Journalist Chau HiuChing) The government announced new stricter epidemic prevention measures to restrict the gathering of more than four people. The reduction of citizens' goi...

[Land news] Tiny Residential Land Site in Mong Kok only Receives 5 Bids.

【Land news】The tender for the land site in Reclamation Street and Shanghai Street closed yesterday. The Lands Department announced that a total of 5 bids had been received. The surveyor bluntly states that the n...

[Commercial] SaSa Will Close the Shop in Peking Road, Tsim Sha Tsui.

【Commercial】Leases stops because of no tourists and no prosperity. "The business is closed due to the severe epidemic." There is one drugstore in Haiphong Road, Tsim Sha Tsui, just closed. Many white flags hun...

[Mortgage] Hibor Has Nine Rises in One Month. It May Fall Next Month.

【Mortgage】Hong Kong Wen Wei Po (Journalist Ma Chui-Mei) The quarterly settlement days are approaching, and market liquidity is tightening. Hibor has risen across the board for three consecutive days, and i...

[Transactions] One House Owner in Valais Loses HKD11 Million with the sq ft Price at HKD11,000.

【Transactions】The COVID-19 epidemic continues to spread. There are more and more transactions with loss in the market because some owners look down the market or need for capital turnover. One foreclosed house in V...

[Commercial] The Shop Rents Are Expected to Fall by 60% Due to the Alcohol Prohibition.

【Commercial】The core areas are most affected by the trade war, social unrest, and the epidemic. In response to the escalation of the COVID-19 epidemic, the government yesterday proposed a legislative amendmen...

[Trend] Tenants Expect Rents Reduction Because of Work Effect.

【Trend】The COVID-19 epidemic has affected all aspects of people's livelihood. In addition to some people undertaking housing mortgages, some renters are also struggling to move forward. They are anxious for ...

[Mortgage] The Mortgage Applications of Employees from Over Ten Industries Will Be Tightened.

【Mortgage】The outbreak of epidemic causes layoffs. The approval for aviation services halts. Hong Kong Wen Wei Po (Journalist Lai Chi-Tin, Ma Chui-Mei) The global spread of the COVID-19 epidemic, immigrat...

[Land news] Nam Sang Wai Applies for Building 5000 Public and Private Houses.

【Land news】The site contains the borrowed land Tung Sam Village. SHKP expressed it did not know the applicant. The government's search for land and housing can be described as twists and turns, and even the i...

[Mortgage] An Era of Zero Interest Rate Benefits A Stable Property Market in Hong Kong.

【Mortgage】An interest rate cut by 1% can save HKD1,500 monthly for borrowing HKD3 million. The Fed suddenly cut interest rates by another 1%, and the US interest rate returned to the "zero-interest era" dur...

[New Homes] The First Round Sale Is Good. OCEAN MARINI Launches 51 Units More.

【New Homes】Hong Kong Wen Wei Po (Journalist Chong Ching-Man) The global expansion of the COVID-19 epidemic has not hinder buyers' confidence to enter the market. LOHAS Park Phase 9C OCEAN MARINI developed by...

[New Homes] OCEAN MARINI Begins to Sell Today; Over-Subscription of 17 Times.

【New Homes】Hong Kong Wen Wei Po (By Liang Yueqin) The application for the first batch of 208 units of LOHAS Park OCEAN MARINI, which had been launched at prices of 2.6% lower than the market level, closed at ...

[New Homes] SHKP Will Put on Sale Tin Shui Wai Project within the Month.

【New Homes】Hong Kong Wen Wei Po (By Liang Yueqin) The COVID-19 epidemic has spread to the whole world, causing significant fluctuations in the global economy and stock markets. Developers have accelerated the...

[Commercial] One Shop Owner of Park Lane Shopper's Boulevard Loses 40% in Ten Years.

【Commercial】A shop owner loses over HKD30 million due to its location in the worst-hit areas of the conflict, the worst in history. The amendment crisis last year triggered violent demonstrations, damaging var...

[New Homes] OCEAN MARINI Launches More and Confirms to Put on Sale on Saturday.

【New Homes】Hong Kong Wen Wei Po (Journalist Leong Yuet Kam) Even though the epidemic continues and the stock market fluctuates sharply, LOHAS Park Phase 9C OCEAN MARINI in Tsueng Kwan, which had launched prop...

[Commercial] Title Shopping Mall Landlords lament that Current Is the Most Difficult in Decades.

【Commercial】Hong Kong Wen Wei Po (By Liang Yueqin) After half a year of the impact from amendment crisis since the second half of last year, the tourists to Hong Kong have significantly decreased, and less loc...

[New Homes] OCEAN MARINI Launches One Hundred Units More.

【New Homes】Hong Kong Wen Wei Po (Journalist Ngan LunLok) The first-hand property transactions during the past Saturday and Sunday have slightly risen. It mainly because China Evergrande put on sale its new ...

[New Homes] OCEAN MARINI's Opening Prices Is 3% Lower during Epidemic.

【New Homes】The discounted sq ft price is HKD14,688. The lowest price for a two-bedroom unit in 472 sq ft is HKD6.546 million. Developers are conservative on the pricing of new projects under the influence o...

[New Homes] OCEAN MARINI Introduces Visiting House On-Line, A Countermeasure during the Epidemic.

【New Homes】The US's sudden interest rate cut speeds up Hong Kong developers' sales during the epidemic. LOHAS Park OCEAN MARINI in Tsueng Kwan developed by Wheelock and MTR will announce the first price list tod...

[Mortgage] [Fighting COVID-19] Nearly 60% of People Expect Hong Kong to Cut Interest Rates Next Year.

【Mortgage】The epidemic hits the economy. Survey: Citizens wait and see the property market trend. To alleviate the economic impact of the COVID-19 epidemic, the Fed suddenly cuts interest rates by 0.5%, th...

[Commercial] [Fighting COVID-19] Vacant Houses in Four Prosperous Districts Increased 207 within Six Months.

【Commercial】It is estimated to rise above 930 units in the third quarter because of the hits of violent demonstrations and the epidemic. The Hong Kong economy has been hit by violent demonstrations that lasted...

[Mortgage] HKMA Pays Attention to Construction Period Payment Risks.

【Mortgage】There is a first-hand housing estate that has 80% of buyers choosing construction period payment. The government relaxed the property price upper limit of the mortgage insurance plan in the policy ...

[Trend] Performance During Epidemic: 23 Transactions in Ten Leading Housing Estates.

【Trend】The Budget has not introduced measures to relax the "strict measures" of the property market, but it has not hindered the active trading in the second-hand property market. According to the data of th...

[Trend] The First-Hand Property Transactions Are Only 350, a four-year low.

【Trend】Hong Kong Wen Wei Po (By Leong Yuet Kam) The continued COVID-19 epidemic decreases the buyers' houses visiting activities, suppresses their willingness to enter the market, and stops developers' ne...

[Land news] Post Office's Nearly One Hundred Billion Commercial Land Site in Hong Kong Central District Enters the Market.

【Land news】"Double standard" is used in tendering. The project becomes the key to reach the target. The Hong Kong government urgently needs to increase income facing the record-breaking financial deficit at ...

[HK Gov.policy] Strict Measures in the Property Market Cannot Be Relaxed. Supply Will Increase by 25% in Five Years.

【HK Gov.policy】The private housing completion is 19,600 units. An announcement of establishing the land reserve will be published next quarter. The Budget mentions not much of the property market. It does not r...

[Trend] Abandoned Transactions Increase; UPPER EAST Developer Confiscates the Deposit of HKD540,000 in One Abandoned Transaction.

【Trend】Hong Kong Wen Wei Po (By Liang Yueqin) Abandoned transactions repeatedly appear due to the continued COVID-19 epidemic. UPPER EAST in Hung Hom, which was launched by Kowloon Development in 2015, re...

[Trend] A Wave of Transactions with Loss Appears in the First-Hand and Second-Hand Property Market; Price Decrease in MERIDIAN HILL Is 19%.

【Trend】Hong Kong Wen Wei Po (By Leong Yuet Kam) The economic and property market prospects turn to unclear because of the epidemic. There is a wave of transactions with loss appears in the first-hand and ...

[HK Gov.policy] Calls for “Relaxation of Strict Measures” Are High in Property Market; The Suggestion Is Exempting the Tax for the First Housing of Properties under HKD8 Million.

【HK Gov.policy】Hong Kong Wen Wei Po (By Chau Hiu-ching) Housing policy is also the focus of attention. The property prices in Hong Kong are falling, and the property market outlook seems to be pessimistic, under ...

[Land news] Nam Sang Wai Applies for Building 5000 Public and Private Housing Units.

【Land news】The site contains the borrowed land, Tung Sam Village. SHKP said it does not know the applicant. The government has experienced ups and downs in searching the land for house building. Even the inte...

[New Homes] Shing Cheung Tower Wan East 17 in Shau Kei Wan Launches the First Batch of 8 Units for Lease.

【New Homes】Hong Kong Wen Wei Po (By Leong Yuet Kam) Some cautious prospective buyers turn to rent instead of buying affected by the epidemic. Local Ho family's Shing Cheung Tower Wan East 17 in No.17 East Str...

[HK Gov.policy] Chen Fan Responds to "Revocation of Strict Measures" and Express to Take Appropriate Action When Necessary.

【HK Gov.policy】Hong Kong Wen Wei Po (By Leong Yuet Kam) Hong Kong has been hit in the past nine months by the Sino-US trade war and violent clashes caused by the amendment crisis. Plus, the COVID-19 epidemic bro...

[Commercial] [Fighting COVID-19] Retail Enters A Super Winter! Shopping Malls Reduce Rents Further.

【Commercial】Wharf issues a profit warning of earning a half less. The business of Champion Real Estate Investment's Langham Place falls by 19%. The outbreak of the COVID-19 epidemic has severely hit the Mainl...