Property Price Index Rises for Five Consecutive Weeks; Primary Market Draws Buyers, Pressuring Three Districts｜Rents Edge Up 0.01% in Off-Season, Just 0.96% Below Historical High
Many homeowners choose to renovate their units after purchasing or taking possession of a property. While selecting a renovation company, it’s essential to compare options and avoid being lured by excessively low prices. Engaging a company that employs illegal workers could leave homeowners le...
It has been reported that Hang Seng Bank has been laying off staff across various departments since March, with reductions ranging from 10% to 20% in most areas, and up to 50% in certain departments. For employees who were not laid off, regardless of their rank, they are required to reapply for thei...
Whether buying or renting a property, many people prioritise estates with clubhouse facilities such as swimming pools, gyms, and sports courts to meet the diverse needs of residents. For families with children, these facilities also provide a space for kids to expend their energy.But when renting a...
To understand property market trends, it’s important to examine transaction volumes and determine whether properties are sold at a profit or a loss. You may have come across cases in the news described as a paper profit that are actually losses. But what does that really mean?A recent l...
When purchasing property in Hong Kong, most people apply for a mortgage. During the application process, applicants must complete a lengthy form, which includes a consent form that authorises the bank to access credit records related to their mortgages. This consent is critical for the bank to asses...
Secretary for Development Bernadette Linn Hon-ho recently revealed that the government is exploring several measures to make land administration more flexible. These include studying the feasibility of a "pay for what you build" approach, reducing construction costs, and streamlining approval proces...
When viewing a property you're interested in, buyers and sellers typically sign a Provisional Sale and Purchase Agreement and pay a deposit, followed by completing the necessary buying process within a timeframe. However, before signing, agents are required to provide specific information to protect...
A recent report by TVB’s Scoop highlighted a case involving a problematic tenant. The landlord had leased out a flat for HK$12,000 per month but, by mid-2024, the renter’s payments stopped, and the Water Supplies Department cut off water to the unit. Despite this, the occupant continued ...
The Hong Kong Housing Society recently announced the sales arrangements for its subsidised housing projects, Hemma Emerald and Hemma Fab. These units are priced at 30% off the market value, with applications open from April 1 to April 14, 7PM. Below is a summary of the eligibility criteria, income a...
Last week, Lee Shau-kee, founder of Henderson Land Development, passed away at the age of 97. Henderson Land is one of Hong Kong’s four major property developers and is well-known for its expertise in acquiring and redeveloping old buildings. However, many of its redevelopment projects involve...
Every spring, Hong Kong becomes notoriously humid. Clothes take ages to dry, walls can grow mould, and floors may even accumulate moisture. This persistent dampness frustrates many, but what can be done to prevent mould and reduce humidity in the home?Many Hongkongers enjoy living in sea-view...
The Financial Secretary, Paul Chan, announced in the Budget an adjustment to the stamp duty threshold for properties. The value cap for the HK$100 stamp duty has been raised from HK$3 million to HK$4 million, easing the burden on homebuyers. This adjustment is expected to benefit approximately 15% o...
Housing shortages have long been a pressing issue in Hong Kong, with public housing waiting times under constant scrutiny. According to the latest figures from the Housing Authority, as of December 2024, the average waiting time for public housing has dropped to 5.3 years, marking a 0.2-year decreas...
Applying for a mortgage is one of the most critical steps in buying a property. If you lack income proof or have insufficient income, banks may reject your mortgage application. To simplify the process and compare rates across multiple banks, many people choose to work with mortgage brokers. These b...
When purchasing a property, buyers typically pay the initial and final deposits by cheque. In cases of urgent deals, some buyers may even issue cheques immediately. To ensure maximum security, it’s best to make the cheque payable to the seller’s law firm, which acts as an escrow agent. B...
