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

A fresh wave of starter homes has arrived!At the start of 2019, the Government launched ‘eResidence’ – the first pilot starter home project for Hong Kong residents – which provided 450 units at the time. Now, the government has announced news for the second phase of eR...

28Hse Editor #Wed Property Focus 2023-07-25 22.3K 446 56

The Financial Secretary, Paul Chan Mo-po, revealed about a month ago that the Government would consider further marginally relaxing the loan-to-value (LTV) ratio for first-time homebuyers. On 7 July, the Hong Kong Monetary Authority (HKMA) relaxed the city’s LTV ratios, and on the same day, th...

28Hse Editor #Wed Property Focus 2023-07-19 15.6K 154 22

To increase housing supply, the government will use different methods, such as reclamation and change of land use. In one method, the Urban Renewal Authority (URA) acquires land, demolishes underused and dilapidated buildings in old districts, and redevelops them into high-rise buildings.We o...

28Hse Editor #Wed Property Focus 2023-07-05 13.6K 191 32

The Housing Authority's Subsidised Housing Committee (SHC) has approved the regular sale of Tenants Purchase Scheme (TPS) recovered flats. The new batch of TPS recovered flats will be sold under the 2023 Home Ownership Scheme (HOS).What is the Tenants Purchase Scheme? It is a scheme for the s...

28Hse Editor #Wed Property Focus 2023-06-27 28.3K 314 65

Will the government relax the loan-to-value ratio (LTV) for first-time home buyers again? Paul Chan Mo-po, Hong Kong’s financial secretary, said at a meeting of the Legislative Council Panel on Financial Affairs that the government had no intention of adjusting the property market's cooling me...

28Hse Editor #Wed Property Focus 2023-06-21 26.6K 360 57

With longer wait times and public housing in short supply, policies on well-off tenants have been controversial. In view of this, the Housing Authority's Subsidized Housing Committee met last Wednesday and approved the tightening of the policy in order to combat the abuse of public housing.Under th...

28Hse Editor #Wed Property Focus 2023-05-30 20K 252 64

To curb soaring property prices, the government has launched a number of cooling measures, including Special Stamp Duty and Buyer's Stamp Duty. These measures were introduced in 2010 – but now that market conditions have changed, there have been calls for the government to reduce or even remov...

28Hse Editor #Wed Property Focus 2023-05-23 8.4K 89 18

Many people consider securing a Public Rental Housing (PRH) or Home Ownership Scheme (HOS) flat to be a winning situation in life. The 2023 HOS will start accepting applications in the middle of this year at the earliest. Flat selection will begin in the first quarter of next year, but the governmen...

28Hse Editor #Wed Property Focus 2023-05-02 20.5K 349 47

The Residential Properties (First-hand Sales) Ordinance, which has been in force since 29 April 2013 to regulate the sale of new properties, has been implemented for 10 years. But for the first time, a property agent has been convicted and sentenced to imprisonment, shocking the local real estate in...

28Hse Editor #Wed Property Focus 2023-04-26 16.4K 174 42

The issue of housing for young people has always been a major concern. In his first Policy Address since taking office last year, Chief executive Lee Ka-chiu proposed to expand the Youth Hostel Scheme by subsidising NGOs to rent rooms in suitable hotels and guesthouses and convert them into youth ho...

28Hse Editor #Wed Property Focus 2023-04-19 13.4K 110 27

When applying for a mortgage, banks offer a variety of repayment options to suit the needs and budgets of different people. When choosing which scheme...

28Hse Editor #Buy homes #Wed Property Focus 2023-04-12 5.9K 70 19

It's common knowledge that you need a down payment to buy a property. But when applying for a mortgage, it's not just a matter of having enough money for a down payment. You have to pass a stress test. In the unlikely event that the mortgage is not approved due to insufficient income to cover the mo...

28Hse Editor #Buy homes #Wed Property Focus 2023-04-04 13.1K 170 55

Hong Kong's economic and property market performance have been greatly affected by the epidemic and the closure of travel borders with the Mainland. With the epidemic subsiding and the economy recovering, people now have different views on the property market. In view of this, 28Hse, the Hong Kong r...

28Hse Editor #Wed Property Focus 2023-03-29 9.5K 98 28

Recently, the gruesome murder of model and Abby Choi Tin-fung sent shockwaves through the city. Case aside, the incident has also raised concerns regarding the exemption of inspection for green form property purchases, whether there are loopholes in the current measures, and whether the government n...

28Hse Editor #Wed Property Focus 2023-03-22 18.1K 138 37

The recent aborted bids for three sites, including the luxury residential site on Cape Road, Stanley, the commercial site at Yue Man Square, Kwun Tong and the Siu Ho Wan development, reflect developers’ conservatism and cautiousness. However, the eye-catching commercial site at Sai Yee Street,...

28Hse Editor #Wed Property Focus 2023-03-14 10.6K 69 14