Hong Kong Property News -

SHKP's Sierra Sea Launches 135 New Units

How Refusing to Share Mortgage Data Affects Your Loan Application

Sai Kung Luxury Home Sold for HK$11.38M, Owner Loses HK$7M

SHKP's Sierra Sea Launches 135 New Units

Hong Kong's property market has shown signs of significant decline recently, which will inevitably affect buyers' confidence in entering the market. T...

28Hse Editor #Wed Property Focus 2023-11-15 297 2 1

Dwindling home prices in Hong Kong have led to an increase in negative equity cases. From July to September this year, the number of such cases soared to over 10,000. According to the latest data released by the Hong Kong Monetary Authority, the number of residential mortgage loans in negative equit...

28Hse Editor #Wed Property Focus 2023-11-07 18.5K 213 47

Amid Hong Kong’s housing problem, Chief Executive John Lee Ka-chiu delivered his second Policy Address on Wednesday. To address repeated calls for the relaxation and withdrawal of property cooling measures, the government partially relaxed measures. As interest rates have risen signific...

28Hse Editor #Wed Property Focus 2023-10-31 6.4K 42 11

As rates continue to rise, many homeowners have expressed dissatisfaction with the new quarter’s rates and government rent. Many of them have found that this quarter’s rates are much higher than those of last quarter, and they have expressed that it is difficult for them to afford the fe...

28Hse Editor #Wed Property Focus 2023-10-24 14.8K 153 28

The results of the 2023 Home Ownership Scheme (HOS) are out. The first ten lucky numbers drawn for the Scheme are in the following order: 92, 31, 59, 78, 1, 36, 20, 68, 69, and 48. Based on the last two digits of their application number, applicants can deduce their likelihood of purchasing a Home O...

28Hse Editor #Wed Property Focus 2023-10-17 10.3K 308 48

Hong Kong’s property market has slowed significantly in recent years, with the private domestic price index falling for the fourth consecutive month and many homeowners slashing home prices or even selling at a loss. Amid a sluggish market, many have called for cooling measures to be scrapped....

28Hse Editor #Wed Property Focus 2023-10-10 16.7K 163 33

The second phase of eResidence, a Hong Kong development for first-time homebuyers, will be accepting applications from September 27 until October 18 at 7pm. The units come from Block Three on Ma Tau Wai Road, To Kwa Wan. With an application fee of HK$270, successful applicants can choose a flat next...

28Hse Editor #Wed Property Focus 2023-10-03 17.4K 253 34

The term ‘Owners' Corporations (OCs)’ is a familiar concept in Hong Kong property management. What is it? If legal issues arise, how are homeowners affected? And if the issue remains unresolved, are there any other alternatives? The Government's policy on building management has f...

28Hse Editor #Wed Property Focus 2023-09-26 6.9K 78 20

Leading bank HSBC recently adjusted mortgage interest rates and raised the lock-in rate cap of H-mortgages. For applications submitted from September 18, the lock-in limit increased from P minus 2.25% to P minus 1.75%. Meanwhile, the cap rate increased by 0.5% to 4.125% from 3.625%, and the cash reb...

28Hse Editor #Wed Property Focus 2023-09-19 12.8K 206 22

Every phase of Hong Kong’s Home Ownership Scheme (HOS) has been well received by the public, with oversubscriptions every time. Despite a compar...

Blog #Wed Property Focus 2023-09-12 11.1K 62 31

When a home owner sells a property, they can choose to sell the property by themselves or appoint a licensed agent to help them sell the property. What are the differences between the two? And what is there to be aware of?In the past, owners who chose to sell their properties by themselves us...

28Hse Editor #Wed Property Focus 2023-09-05 11.2K 78 32

As in the past, many sectors have suggested that the government relax property measures to revive the Hong Kong housing market. For example, Tan Yue-heng, member of the Legislative Council and chairman of Bank of Communications International, suggested that the government could consider making halvi...

28Hse Editor #Wed Property Focus 2023-08-29 6K 69 20

CK Asset’s The Coastline II project in Yau Tong has been the talk of the town. The new development was sold at a record low price of HK$14,868 per square foot and received more than 30,600 pre-sale cheques, making it the most over-subscribed new development in Hong Kong's history. Capitalising...

28Hse Editor #Wed Property Focus 2023-08-22 13.3K 89 42

The US Federal Reserve raised interest rates again by 0.25% in July, raising the target range for the Federal Funds Rate to 5.25% to 5.5%, which is the 11th rate hike since March 2022. Subsequently, banks in Hong Kong followed suit by raising interest rates by 0.125% to 0.375%, with the prime rate r...

28Hse Editor #Wed Property Focus 2023-08-15 18.3K 157 41

After the new government took office, the government has taken much action to address the public’s concerns on land and housing, such as encouraging private property developers to participate in the construction of Private Subsidised Sale Flat and public housing. Recently, the Development Bure...

28Hse Editor #Wed Property Focus 2023-08-08 6.5K 57 13