'Property Market to Pick up Next Year'

RTHKDec 19 17:08

"Gang Lou" heavy client spends nearly 0.15 billion yuan to purchase 26 units in three developments in the Kai Tak runway area.

According to comprehensive market News, yesterday (11th), there was a major buyer purchasing three new developments in the Kai Tak runway area, including DOUBLE COAST I led by Wheelock Properties, Victoria Harbour - Double Diamond under China Overseas (00688.HK), and Kai Tak Bay led by K. WAH INT'L (00173.HK). Agency sources indicate that these units purchased by the major buyer were acquired by the same group of new Hong Kong residents, involving 26 units with a total value exceeding 0.148 billion HK dollars, likely intended for long-term rental. Wong Kwong Yau, Vice Chairman and Executive Director of Wheelock Properties, stated that one group of major buyers purchased 10 units, involving over 66.18 million HK dollars, including 5 units with a usable area of 32.

AASTOCKSDec 12 10:03

Market Chatter: One-Sixth of Hongkongers Plan Home Purchases in Next Five Years, HSBC Survey Says

MT NewswiresDec 9 11:01

According to "Hong Kong Property", Centaline Property expects 3,528 units will benefit from the special arrangement of mortgage loans for uncompleted residential properties by the Monetary Authority.

Yang Mingyi, Senior Joint Director of the research department of Midland Realty, pointed out that among the five major developers, including Cheung Kong (01113.HK), Henderson Land (00012.HK), Shanghai New World (00017.HK), New World Development (00016.HK), and Sun Hung Kai Properties (00083.HK), all newly launched properties and the first-time launch of over 300 units were statistically analyzed. From 2021 to 2023, a total of 17,283 first-hand private residential pre-sales properties were selected to pay by installment, with about 20% or approximately 3,528 properties not yet mortgaged by banks. The Hong Kong Monetary Authority announced yesterday (4th).

AASTOCKSDec 5 17:55

Express News | The Hong Kong Monetary Authority has launched a one-time special arrangement to assist buyers of high-priced pre-sale properties, with the mortgage ratio limit relaxed to 80 percent.

BreakingsDec 4 16:58

In November, the number of new mortgage registrations for Hong Kong primary real estate fell by 21.3% month-on-month, marking a record low after four consecutive months of decline.

In November 2024, the number of existing building mortgage transactions was 3,096, a decrease of 837 transactions (21.3%) compared to 3,933 in October, marking a decline for four consecutive months and reaching a new monthly low since records began in 2001.

Zhitong FinanceDec 2 13:52