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Hong Kong housing

A real estate agent at his shop in Yau Ma Tei on 20 July 2024. Photo: Xiaomei Chen

Housing rents may soar this year amid Hong Kong’s property gloom

The gap between renting and buying will cause the rate of return of housing property to soar, especially when interest rates start falling with the widely expected first cut by the US Federal Reserve likely in September.

  • Housing rents may increase by 8 per cent this year, said Midland Realty

‘Give Hong Kong developers more incentives to join subsidised housing scheme’

Sun Hung Kai plans 600-unit project in Fanling via land exchange scheme

Hong Kong government rejects bid in tender for private sector to build subsidised flats

Lands Department rejects bid as tendered premium did not meet reserve price on Chai Wan site, the first of three under pilot scheme.

Workers at a public housing construction site in Cheung Sha Wan. Photo: Xiaomei Chen

Inside Hong Kong’s hassle-free serviced apartments and co-living spaces

For new arrivals to the city, serviced apartments and co-living spaces such as those from Xin Management, Skyla and Weave take the stress out of setting up a home

Hong Kong real estate experts say private sector should play bigger housing role

Real estate consultant says government should increase proportion of private homes in housing supply as economy improves.

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How would changing Hong Kong’s public-private housing mix affect residents?

Authorities considering adjusting 70-30 public-private housing ratio once waiting time for government rental flats goes down in several years.

Hong Kong’s public-private housing ratio currently stands at 70-30. Photo: Xiaomei Chen

Hong Kong can adjust housing ratio when public flat wait time improves: minister

Development minister says current 70-30 public-private flat ratio decided back when authorities were focused on boosting government housing supply.

Uppland flats reverse Hong Kong sales flops with prices at 8-year low

Early Light priced its new project in the New Territories at an eight-year low, reflecting how Hong Kong’s developers are deploying low-price strategies to entice buyers amid a slump in transactions.

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Hong Kong raising public housing rents by 10% with 3-month waiver from October

Housing Authority also adds new types of unwanted behaviour to misdeeds list for tenants, while broadening scope of two existing punishable practices.

Public housing in Sai Wan Ho. Photo: Martin Chan

Explainer | Can a new financing plan get Hong Kong’s West Kowloon arts hub back on track?

West Kowloon Cultural District Authority gets green light to sell residential development in arts hub’s second zone to replenish finances.

Patrons line up to enter M+ in the West Kowloon Cultural District. Photo: May Tse

Crackdown on illegal structures at Hong Kong luxury homes continues, Legco told

Authorities issue dozens of removal orders and statutory notices to homeowners after Post investigation reveals widespread breaches of law.

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SHKP wins hotly contested plot in Sha Tin for price at mid-point of estimates

The amount paid – HK$3,952 per square foot – was less than half the price commanded by a comparable parcel of residential land sold off by the government almost two years ago in the same area.

Letters | Protect small property owners in Hong Kong’s old neighbourhoods

Readers discuss the well-being of grass-roots residents in ageing districts, the role of cryptocurrency in a kidnap case, and why Hong Kong airport must be better prepared for disruptive incidents.

A glimpse of residential buildings in Sham Shui Po, one of seven districts facing redevelopment. Photo: Xiaomei Chen

Mainland Chinese buyers bought 1 in 5 of Hong Kong’s first-half home launches

The amount spent by mainland buyers on homes jumped 42 per cent, while they accounted for 70 per cent more transactions year on year, according to Centaline.

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Prices of new and lived-in homes are listed at a property agency in Tin Hau. Photo: Jelly Tse

Hong Kong developers keep pricing flats to move amid supply glut

New price lists from New World Development, Far East Consortium and Early Light International undercut recent nearby sales by up to a third amid buyer’s market – for those who can stomach the interest rates.

Opinion | Rosy view of Hong Kong’s finances won’t prepare people for fee hikes

Stop masking true scale of budget deficits with bond proceeds. Hongkongers are not stupid. They know the government must balance the books.

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10,000 Hongkongers in subdivided homes apply for 4,400 ‘light public housing’ flats

Housing minister Winnie Ho says response to scheme ‘overwhelming’, with priority application period ending on Monday.

A light public housing construction site in Ngau Tau Kok. Photo: Sun Yeung

The art of strolling in Hong Kong: slow down and discover a ‘city in the sky’

Chinese University urban researcher Sampson Wong wants more Hongkongers to explore old housing estates.

Appreciating the beauty of Hong Kong's public housing

Hong Kong to screen public housing applicants for mainland property ownership

Housing director Rosanna Law says measure to crack down on abuse will include closer communication with mainland Chinese counterparts.

Hong Kong repossessed about 2,200 and 2,800 public rental flats in the past two financial years, according the city’s housing director. Photo: Jelly Tse

Hong Kong land sale ‘far exceeds’ expectations as 11 firms submit bids

Despite the slumping property market, major developers CK Asset and Sino Land are among the firms vying for a plot of land that will support 280 flats in Sha Tin.

A view of City One Shatin on February 21, 2024. Photo: Jelly Tse

Editorial | Rent rise for Hong Kong public housing reasonable if system is to be viable

The Hong Kong Housing Authority has to maintain healthy finances to fulfil its mission, while striking a balance with economic circumstances and public affordability.

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Hong Kong public housing provider to raise rents by 10%

Housing Authority says proposed monthly rent hike to range between HK$49 and HK$572, with about 60 per cent of tenants set to pay up to HK$250 extra.

Hong Kong rents ascend as incoming students, professionals compete for space

Rents rose for the third straight month in May to a 53-month high, with increases in multiple areas topping 5 per cent, Midland Realty says.

An aerial view of Taikoo Shing and Kornhill on Hong Kong Island. The areas saw rents increase by more than 5 per cent in May. Photo: Winson Wong

Hong Kong homebuyers ignore 12% discount at Kai Tak’s Miami Quay flats

The woeful result shows how Hong Kong’s developers have to make deep cuts to their catalogue prices to clear their inventory of unsold homes, as investors and owner-dwellers alike have retreated.

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Potential buyers looked at a model of Miami Quay at the developers’ sales room at The Gateway in Tsim Sha Tsui on 18 September 2022. Photo: Dickson Lee

Explainer | New law to extend Hong Kong government land leases comes into force

Extension of Government Leases Ordinance designed to cope with more than 300,000 commercial residential and industrial leases scheduled to expire in 2047.

First batch of 376 Hong Kong land leases to be renewed beyond 2047

Ordinance gazetted on Friday will allow 50-year extensions to take leases beyond crucial 2047 date, in move hailed by lawmakers and industry.

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Hong Kong housing
  Latest news, features and analysis on Hong Kong housing, including policy and efforts to find a solution to the problem of a shortage of homes in the world’s most expensive property market.
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