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Hong Kong housingi

 

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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  • Wheelock Properties sold 27 of 154 units on offer at Park Seasons in Lohas Park, Tseung Kwan O, as of 8pm on Saturday
  • Hong Kong is set to record a month-to-month decline of 46 per cent and 31 per cent in new home and live-in home transactions

Readers discuss the lack of transparency of a sales tactic favoured by developers, an opportunity for Hong Kong to strengthen its bonds with the Arab world, and encouraging young people to pursue their dreams.

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Hong Kong’s Mai Po wetlands are a magnet for diverse species of birds, but now this natural asset is once again under threat, this time from plans to build an IT hub for its Northern Metropolis.

The flagship developer of tycoon Li Ka-shing has slashed the price of some of the remaining flats at its project in the Northern Metropolis by almost a third compared with when it was first launched in 2021.

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Senior counsel for government says unfair for Hong Kong Golf Club to claim authorities failed to account for protected trees in environmental impact assessment for redevelopment of course.

Residents of The Sea Ranch on Lantau Island estate clash with subsidiary of state-owned China Communications Construction Company over use of property to house imported workers.

Source says firm to consider withdrawing its land exchange applications for border project unless negotiation time for premium extended and commercial sites reduced.

Senior Counsel Benjamin Yu, club’s representative in legal challenge, says environmental report failed to properly assess site’s ecological value or address public concerns.

The value of mortgage insurance rose to HK$13.71 billion (US$1.75 billion) in April, the most since HK$16.07 billion in June last year, data from mortgage broker mReferral shows.

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More than half of middle-income households in Hong Kong believe house prices are poised to rally now that all of the restrictions in the market have been scrapped, according to a survey by Citibank.

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Mainland Chinese buyers account for anywhere from 30 per cent up to 80 per cent of the sales in some recent launches, agents say, raising hopes that their buying power will bring price stability to the market.

‘We are entering the harvest season this year for the Housing Bureau’s efforts to push transitional housing projects,’ Secretary for Housing Winnie Ho says.

Hong Kong’s property transactions came close to a three-year high in April, with 9,880 units changing hands according to official data, as the removal of cooling measures continued to boost demand.

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Our Hong Kong Foundation think tank expects government will meet public housing supply goal as an average of 35,000 flats set to be completed annually over next five years.

Hongkongers are less willing to buy homes amid price increases at new launches by developers, analysts said after Great Eagle Holdings announced a new higher price list for another 150 units at its Onmantin project on Monday.

Buoyed by the brisk sales of flats following the removal of Hong Kong’s property cooling measures, the city’s developers have this year launched 4,800 new units as of last week, a seven-year high.

Prices of second-hand homes have increased for the first time in almost a year as the recent removal of cooling measures gave a much-needed boost to the beleaguered property market.

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