Hong Kong Property News - 28Hse

Do Fixed-Rate Mortgages Really Save on Interest?

New Territories East Under Pressure Weighs on Overall Market: Property Prices Edge Down 0.06% for Three Consecutive Weeks | Driven by Summer Leasing Peak, Rents Rebound 0.41% to Test New Highs

White Form Secondary Market Scheme: How to Apply for a Certificate of Eligibility to Purchase

Do Fixed-Rate Mortgages Really Save on Interest?

As the end of the year approaches, people start to look forward to bonuses or double pay from their company. How much income an applicant earns will have a direct impact on the ratio of mortgage repayment to income. This, in turn, will affect the results of their mortgage application and the stress ...

Squarefoot Editor #Wed Property Focus 2023-12-19 6K 61 14

The Housing Authority announced earlier the latest waiting time for public rental housing (PRH) flats. As of the end of September this year, the average waiting time for general rehoused PRH applicants in the past 12 months was 5.6 years, an increase of 0.3 year over the previous quarter, due to a d...

Squarefoot Editor #Wed Property Focus 2023-12-12 13.6K 166 30

The Hong Kong Housing Society has launched its fifth government-subsidised housing project, Hemma Amber, located at 18 On Hei Street, Kwun Tong. Applications will be accepted from 30 November to 13 December, with a ticket draw scheduled for the first quarter of next year and flat selection for the s...

Squarefoot Editor #Wed Property Focus 2023-12-05 14.3K 355 23

Recently, Yoho West, a large-scale new development in Tin Shui Wai under Sun Hung Kai Properties (SHKP), announced its first price list involving 280 units. The flats were sold at a discounted price of about HK$2.9 million, at a discounted average price of HK$10,888 per square foot, a six-year low f...

Squarefoot Editor #Wed Property Focus 2023-11-28 14.2K 114 29

Most new developments are put on sale as pre-construction properties, which can take as little as a few months or as long as three years. Therefore, many hopeful homeowners anticipate the day they can acquire their new home. When a developer obtains an occupation permit for a new residential project...

Squarefoot Editor #Wed Property Focus 2023-11-21 13K 128 30

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

Squarefoot Editor #Wed Property Focus 2023-11-15 367 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...

Squarefoot Editor #Wed Property Focus 2023-11-07 18.9K 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...

Squarefoot Editor #Wed Property Focus 2023-10-31 6.6K 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...

Squarefoot Editor #Wed Property Focus 2023-10-24 15.1K 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...

Squarefoot Editor #Wed Property Focus 2023-10-17 10.9K 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....

Squarefoot Editor #Wed Property Focus 2023-10-10 16.9K 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...

Squarefoot Editor #Wed Property Focus 2023-10-03 17.7K 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...

Squarefoot Editor #Wed Property Focus 2023-09-26 7.8K 79 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...

Squarefoot Editor #Wed Property Focus 2023-09-19 13.2K 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 11.5K 62 31

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For Sale Property
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