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06 Apr CK Asset’s Blue Coast flats are 65 times oversold as buyers snap up discounts in Hong Kong’s biggest home launch this year

Posted at 10:38h in Asia

CK Asset’s Blue Coast project in Wong Chuk Hang, one of Hong Kong’s biggest residential launches this year, was snapped up by eager homebuyers rushing to take advantage of attractive discounts after the easing of the city’s property curbs.Around 200 units, or about 47 per...

03 Apr Hong Kong property agencies Centaline, Midland forecast property sales hitting 10-month high in March

Posted at 00:30h in Asia

Hong Kong property sales are expected to hit a 10-month high in March following the removal of all of the city’s property cooling measures, two leading property agencies said.Midland Realty and Centaline Property Agency, two of Hong Kong’s largest real estate agencies, said the total...

26 Mar 10 months and counting: Hong Kong home prices worsen in February to the lowest level since September 2016

Posted at 05:00h in Asia

The price decline last month preceded the government’s lifting of all property cooling measures amid slower than expected economic growth and a high-interest rate environment that has dented demand for property. 13:00How Hong Kong's housing market became among the world’s most unaffordableHow Hong Kong's housing market...

21 Mar Hong Kong property: Henderson to launch 7,100 new homes this year, saying market has ‘bottomed out’ and ‘stabilised’

Posted at 13:38h in Asia

Henderson Land Development, one of Hong Kong’s biggest developers, said it will launch some 7,100 new residential units this year, 7 per cent fewer than last year, after reporting flat annual profit.The developer, founded by Hong Kong’s second-wealthiest man, Lee Shau-kee, is confident the city’s...

18 Mar Hong Kong’s property downturn yet to run its course, with home prices set to decline by up to 10% this year, S&P says

Posted at 13:12h in Asia

Hong Kong’s current property market downturn is cyclical and not structural, according to S&P, which expects home prices to decline by as much as 10 per cent this year as elevated interest rates keep demand in check.“We believe that there is pent-up home-buying demand in...

17 Mar Hong Kong homebuyers snap up Uptown East flats worth US$179 million in Kowloon Bay, as market rebounds after curbs removal

Posted at 12:32h in Asia

The first batch of flats on sale include studios and two-bedroom units, ranging in size between 278 and 561 square feet (25.8 and 52 square metres). The units were priced from HK$3.73 million to HK$8.89 million after discounts of up to 23 per cent. Another...

06 Mar Sun Hung Kai Properties in pole position to benefit from Hong Kong’s property easing measures, analysts say

Posted at 00:30h in Asia

With seven projects comprising more than 8,100 units expected to launch this year, SHKP is likely to benefit from a revitalised property market.“SHKP has the most saleable resources among its peers of more than 6,000 units,” said Raymond Cheng, managing director and head of China...

29 Feb Hong Kong developer New World to tap improved sentiment by bringing property launches forward after posting interim loss

Posted at 10:48h in Asia

The company unveiled the plan on Thursday after it reported that its profit attributable to shareholders arising from continued operations for the six months ending on December 31 fell 12.8 per cent to HK$502 million (US$64 million). Its shares slipped 2.1 per cent to HK$9.87...

28 Feb Why home prices in Hong Kong won’t rebound despite the removal of property curbs

Posted at 10:20h in Asia

“We consider that the relevant measures are no longer necessary amid the current economic and market conditions.”The measures withdrawn include Buyer’s Stamp Duty (BSD) that targeted non-permanent residents and a New Residential Stamp Duty (NRSD) for second-time purchasers. Also, homeowners will no longer be required...

27 Feb Hong Kong home prices fall for ninth straight month, intensifying calls for lifting property curbs

Posted at 08:01h in Asia

Secondary-market prices of Hong Kong homes have retreated 23 per cent from their peak in September 2021, according to government statistics. The nine-month losing streak, the longest since the outbreak of Sars (severe acute respiratory syndrome) in 2003, led to an aggregate fall of 13.5...

property cooling measures Tag