Property Prices Rise 0.99%, Marking a Four-Week Winning Streak; Hong Kong Island and New Territories West Up by Approximately 1.5%｜Rents Increase by 0.55% to Reclaim the 119-Point Level, 0.84% Higher Than the 2019 Peak
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
Hong Kong's property market has shown signs of significant decline recently, which will inevitably affect buyers' confidence in entering the market. T...
Dwindling home prices in Hong Kong have led to an increase in negative equity cases. From July to September this year, the number of such cases soared to over 10,000. According to the latest data released by the Hong Kong Monetary Authority, the number of residential mortgage loans in negative equit...
Amid Hong Kong’s housing problem, Chief Executive John Lee Ka-chiu delivered his second Policy Address on Wednesday. To address repeated calls for the relaxation and withdrawal of property cooling measures, the government partially relaxed measures. As interest rates have risen signific...
