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...
(Leung Yuet-kam) After the Hong Kong Monetary Authority (HKMA) relaxed the loan-to-value ratio for residential properties below HK$30 million, buyers ...
(Lai Chi-tin) Land site prices have fallen in tandem with property prices. The successful bid for the residential site at the junction of Sai Ning Str...
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...
The first half of the year saw a 35 per cent year-on-year increase in the number of first-hand transactions of around 6,377 units, with the local prop...
(Lai Tsz-tin) With nearly 50,000 professionals coming to work in Hong Kong, the property rental market is in great demand, mainly from corporate execu...
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...
(Tsang Yip-chun) - Amid economic uncertainty, developers have recently launched a number of new urban developments at a low price to compete for buyer...
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...
To fulfil home ownership dreams for local residents, the Housing Authority will propose affordable Tenants Purchase Scheme (TPS) flats to be launched ...
In recent years, people have been discussing the ‘2047 land lease’ issue. Some worry that their property ownership will be affected, while others express concern that the the government will eventually repossess land following property lease expiration.According to the Development...
(Leung Yuet-kam) Come June, Hong Kong property developers are gearing up to launch new developments. After announcing its asking prices the day before...
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...
