Sharp Decline in Hong Kong Private Home Completions; CK Asset's Presale Application Rejected
In April, private home completions in Hong Kong saw a significant decrease, dropping 54.8 percent to 624 units from 1,381 in the previous month, accor...
28Hse Editor   #Transaction  2024-06-07     120     4  
After repeated failures to sell land last year, even the compulsory auction of old buildings – a strategy long pursued by developers – has recently resulted in an auction with no bids (“no-sale”). With the scarce supply of new land in the core business districts of Hong Kong ...
28Hse Editor   #Wed Property Focus  2024-06-04     7.7K     77  
Henderson Land (0012) is set to receive HK$3.9 billion from the government as compensation for a site in Hung Shui Kiu, indicating the developer's pot...
28Hse Editor   #New Properties  2024-06-03     210  
Link Real Estate Investment Trust (0823) announced a 6.4 percent increase in its total distributable amount to HK$6.7 billion for the fiscal year endi...
28Hse Editor   #Transaction  2024-05-31     126  
Recently, a unit at Malibu Lohas Park was rented out on Airbnb without a license, leading to legal issues for the owner. The owner faced charges under the Hotel and Guesthouse Accommodation Ordinance for operating an unlicensed establishment.This incident has prompted the Home Affairs Departm...
28Hse Editor   #Wed Property Focus  2024-05-28     5.4K     62  
MTR Corporation (0066) is gearing up to open all five floors of its new shopping center, The Southside, located above the Wong Chuk Hang MTR station, ...
28Hse Editor   #New Properties  2024-05-27     236     8  
In April, Hong Kong experienced a more moderate increase in consumer prices, rising at a rate of 1.1 percent compared to the same month last year. Thi...
28Hse Editor   #Transaction  2024-05-24     216     4  
CK Infrastructure Holdings Ltd (1038), a prominent global infrastructure company, remains committed to investing in lucrative projects in Hong Kong an...
28Hse Editor   #Transaction  2024-05-23     216     6  
Hong Kong's median home price has soared to over US$1.1 million (HK$8.58 million), making it 25.1 times the median annual household income and ranking...
28Hse Editor   #Transaction  2024-05-22     198     5  
CK Asset’s new project, #Lyos, recently saw 15 buyers forfeit their deposits. In response, the developer announced heavy discounts on the remaining units, with price cuts of up to 32%. Additionally, CK Asset noted that if the resale price of any cancelled units is lower than the initial cancel...
28Hse Editor   #Wed Property Focus  2024-05-22     12.7K     185  
Wheelock Properties has released a third pricing tier for its Park Seasons development in Lohas Park, marking a modest 0.5 percent increase in the ave...
28Hse Editor   #New Properties  2024-05-20     159     6  
Yoho Hub II, a residential development in Yuen Long by Sun Hung Kai Properties (0016), has continued its strong sales performance into the second roun...
28Hse Editor   #New Properties  2024-05-17     277     6  
According to Midland Realty, transactions within 10 major housing estates dropped significantly in the first half of May compared to the same period l...
28Hse Editor   #Transaction  2024-05-16     288     5  
As May arrives, many employees are receiving their "green envelopes" (tax forms sent by the Inland Revenue Department (IRD)) and must file their completed tax returns by June 3rd. If opting for online submission, the deadline is extended by an additional month.Amid Hong Kong's considerable fi...
28Hse Editor   #Wed Property Focus  2024-05-14     13.3K     262  
Hong Kong's secondary home market experienced a significant slowdown with only three transactions recorded at 10 major housing estates over the last w...
28Hse Editor   #Transaction  2024-05-13     240     4  
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