Property news

All you need to know about property including market trends, transactions and leasing information, housing policies, new project launches as well as major property and celebrity news.

More property news

  • An Unexpected Housing Market Boom Amidst Deep Recession

    Property market trends

    Financial Secretary Paul Chan announced in early May that the city’s GDP shrank 8.9% year on year in the first quarter, the worst shrinkage on record, adding that the “three locomotives” of Hong Kong’s economic growth—exports, retail and investments—all broke down. Walking down the streets of the previously bustling districts of Tsim Sha Tsui, Causeway Bay, Mong Kok and Central, all we see these days are empty spaces. There is no doubt that Hong Kong has entered a deep recession.
  • A Middling Mid-term

    Overseas property news

    2020 is going to go down as a year to remember if the mid-year state of APAC property markets is any indication.
  • Pressure of Office Rent Subsidies in Q2 as Covid-19 Eases

    Overseas property news

    After observing the development of COVID-19 and employment of government control measures, we can see the virus has had a short-lived impact on the office market in first-tier cities. The market is dependent on the policy measures that were introduced by respective governments which include reduction or waive of rental payments for a few months. Apart from the effects of COVID-19 and a slowdown of the macro economy, it is expected that there will be new offices entering the market which could lead to a further increase in first-tier cities’ overall vacancy rates. Nonetheless, the second quarter’s downward pressure in rents will depend on the ease and prevention of COVID-19.
  • Mainland China Property Prices to Stabilise in Q3

    Overseas property news

    As we enter the second quarter of the year, the production and operation of Chinese enterprises have gradually improved. Among them, there has only been a slight pull back in the manufacturing industry, after a sharp rebound in the resumption of production in April.
  • Hong Kong Homeowners are in Much Better Shape Today Than During Past Crises

    Property market trends

    Financial chief points to lower negative equity risks.