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Property investment

Blue Coast ll sales, at Fortune Metropolis in Hung Hom on 19 October 2024. Photo: Jonathan Wong

Buyers swarm Hong Kong’s biggest home sales weekend in 6 months

Buyers snapped up more than 300 of 504 new flats across Blue Coast II in Wong Chuk Hang and Cullinan Sky in Kai Tak on Saturday.

Hong Kong’s easing of mortgage restrictions targets ‘normality’: Paul Chan

China’s home prices see biggest drop since 2015 despite efforts to revive market

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‘Feeling attacked’ by Texas law threat, Chinese-Americans turn to activism

Legislation to bar Chinese citizens from buying property in the state ultimately failed, but many became politically engaged because of it.

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Illustration: Lau Ka-kuen

Hong Kong housing supply to set pace of clampdown on landlords of subpar flats

Deputy financial secretary says timeline for enforcement action under proposed subdivided housing rules to be subject to public rental flat supply.

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Beijing declares property sector has ‘bottomed out’, pledges more support

China’s housing ministry unveiled its plan to support the country’s property sector, with an expansion of funding to 4 trillion yuan.

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Hong Kong home-mortgage tweak creates ‘positive expectation’: Paul Chan

Analysts agree the change will spur buying, but caution a full recovery may take ‘years’ given a glut of new-home inventory.

Properties priced above HK$30 million are displayed at an estate agent’s office in Happy Valley on October 16, 2024. Photo: Nora Tam

33,000 households to move as John Lee aims to tackle Hong Kong subdivided flat issue

Government intends to improve standards for city’s smallest flats but questions remain over how resettlement will be handled.

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Hong Kong eases mortgage lending restrictions to jump-start market

HKMA allows buyers to borrow up to 70% of a property’s value, with the aim of reviving the market where prices have declined by 6.2% in the year’s first eight months.

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Data centres push Asia’s cross-border property investment towards 2-year high

Anticipated growth of 50 per cent will drive 2024 cross-border investments to about US$48 billion, according to Knight Frank.

A pedestrian passes construction sites in Tokyo on September 18, 2024. Photo: Bloomberg

‘Studying in Hong Kong’ brand to boost demand for student housing

Chief executive pledges to turn Hong Kong into an international hub for postsecondary education, earmarks over 80 hectares of land for university town.

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General view of The Chinese University of Hong Kong. Chief Executive John Lee has pledged to turn the city into an international hub for postsecondary education. Photo: Yik Yeung-man

Major Chinese developers see sales uptick in September bolstered by stimulus

Analysts question sustainability of gains given uncertainty surrounding the government’s plans for future stimulus.

Chinachem to sell Hong Kong flats at 2016 levels as recovery proves elusive

Developers still need to offer discounts as market purchasing power is still not sufficient, according to Martin Wong at Knight Frank.

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From Fila to Armani, brands snap up prime Hong Kong retail spaces

With rents as much as 65 per cent below historical highs, brands from Europe, the US and Japan see a chance to make a splash.

Hopewell Mall in Wan Chai, set for a soft opening next month, and will have an occupancy rate of more than 90 per cent. Photo: Handout

China stimulus lifts property sentiment in bigger cities; durability questioned

Growth in new home transactions during the holiday period was especially pronounced in Beijing, Guangzhou and Shenzhen.

The Oriental Courtyard’s showroom. Photo: Handout

Ambitious NWD growth plans under Adrian Cheng leave company with a big debt load

The litany of projects that Cheng oversaw as CEO of New World made the company one of the city’s most indebted property developers.

Sun Hung Kai’s Cullinan Sky sees another weekend of brisk sales

Quantitative easing and a slew of economic stimulus measures from Beijing have increased buyer confidence, agents say.

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When will it end? How inexperience is fuelling the fire of China’s economic woes

Economists have ‘never seen anything like this’, and ‘challenges are on a greater scale’ than ever before, so how can China bring the wild ride to an end?

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Illustration: Brian Wang

Hong Kong to sell second logistics site on sweetened terms after feedback

The winner is to surrender 20 per cent of the floor space to the government to ensure its financial viability, instead of 30 per cent; plot ratio reduced to lessen cost.

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Mainland Chinese homebuyers drive property sales in Hong Kong

Buyers from the mainland accounted for 7,575 primary and secondary property transactions in the first eight months of the year.

Singapore luxury mansion on sale for record US$236 million

The Nassim Road property owned by Hong Fok Corp’s Cheong Pin Chuan was previously up for sale at a price tag of S$175 million in 2019.

Singapore’s skyline. The city state’s mansion market is seeing a recovery in interest. Photo: Reuters

Chinese developers scrap discounts after ‘golden week’ sales rebound

State-backed China Resources Land said it would withdraw the 2 per cent discounts for all its residential projects in Beijing.

Taxis in Shenzhen near the border with Hong Kong. Photo: Bloomberg

Leading Hong Kong developer prices flats at 20% below development cost

Li Ka-shing’s flagship developer has priced the first batch of flats at an average of HK$21,526 per square foot, below the HK$28,000 development cost.

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Hong Kong’s housing market lacks key ingredients to halt losses

Lower financing costs and greater wealth effect from stock gains are needed to overcome another year of declines in home prices, analysts say.

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Hong Kong developers plan nearly 18,000 new flats amid rate cuts

The government has approved presale consent for several projects, with developers eager to offload unsold inventory.

Construction workers on a residential site in North Point. Photo: Elson Li

Sentiment in Hong Kong commercial property market up on lower rates, stock rally

In the third quarter, commercial real estate investment volume rose 22.6 per cent quarter on quarter to US$1.28 billion, CBRE said.

Outside a real-estate agency in Kowloon. Photo: SCMP/Jelly Tse

Shanghai sees instant rebound in housing market after stimulus, loosened curbs

Shanghai’s revival may be a bellwether for other top-tier cities, but the same may not apply to places further afield, sales agents say.

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Hong Kong developer Lai Sun’s property project lapped up by buyers

Buyers flock to Lai Sun’s The Parkland in Yuen Long, snapping up nearly all units amid rate cuts and stock market gains, boosting market confidence.

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Property investment
Latest news and features on property investment, including prices and trends and wider issues that might affect property markets.
last updated:
9 September, 2024
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