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What to Consider When Buying a Rooftop Apartment
Whether dealing with a new or resale property, homeowners invariably encounter decisions regarding home renovations and custom furniture. While new properties typically come with essential fittings, they still require furniture to be fully habitable. Some homeowners opt for custom-made furniture to ...
Squarefoot Editor   #Wed Property Focus  2024-12-18     3.4K     27  
As many couples plan to welcome their "dragon babies" during the auspicious Year of the Dragon, preparing a nurturing space at home becomes a priority. Redesigning your living environment to include a nursery is an essential step. Below are detailed suggestions for new parents on how to design and d...
Squarefoot Editor   #Wed Property Focus  2024-12-11     3.7K     33  
As housing units get smaller and property prices continue to rise, many developers are adopting open kitchen designs to maximise space. Some homeowners even choose to convert their enclosed kitchens into open ones. But is this really a good idea?There are both advantages and disadvantages to open k...
Squarefoot Editor   #Wed Property Focus  2024-12-04     6.6K     63  
To address financial challenges, many parents in Hong Kong work full-time, leading families to hire domestic helpers to care for young children. However, employers must arrange proper accommodation for their helpers. With living spaces in Hong Kong becoming increasingly compact, is it still possible...
Squarefoot Editor   #Wed Property Focus  2024-11-27     9.5K     56  
In the latest Policy Address, the government relaxed the mortgage cap for both residential and non-residential properties, increasing it to 70%. This change also benefits parking spaces. According to data from the Land Registry, there were 386 parking space registrations in October, a 23.7% increase...
Squarefoot Editor   #Wed Property Focus  2024-11-20     6.9K     62  
Hong Kong has been the world's most unaffordable housing market for 14 consecutive years. Last year, the affordability ratio was 16.7, meaning it would take a household 16.7 years of saving, without spending on anything else, to afford a home. Saving enough for the down payment is already challengin...
Squarefoot Editor   #Wed Property Focus  2024-11-13     11.3K     88  
Buying a property is a major life decision, and many people worry about missing important steps that could lead to the transaction falling through. After the buyer signs the Formal Sale and Purchase Agreement and the bank’s mortgage offer letter, what procedures still need to be completed?Onc...
Squarefoot Editor   #Wed Property Focus  2024-11-06     11.8K     160  
Many tenants believe that renting a property only involves paying rent on time, but in reality, there are many additional costs, such as management fees, internet fees, stamp duty, and utility bills (water, electricity, gas). It is important to clarify these details with the landlord when signing th...
Squarefoot Editor   #Wed Property Focus  2024-10-29     7.1K     86  
The annual Policy Address was released last week, and as always, housing is a key issue of public concern. Even before the report was announced, Chief Executive John Lee had already hinted at addressing the issue of subdivided flats (also known as “劏房”), and there was much speculation in...
Squarefoot Editor   #Wed Property Focus  2024-10-22     4.9K     39  
If you’re interested in a highly sought-after property, agents often suggest showing your sincerity by writing a small deposit check and signing a Provisional Sale and Purchase Agreement. This way, if the seller agrees to the offer, the contract can be signed immediately, securing the property...
Squarefoot Editor   #Wed Property Focus  2024-10-16     9.2K     147  
These days, more and more new developments come with balcony designs. But what are the pros and cons of having a balcony?This trend dates back to the 2000s when the government incentivised developers to include balconies and utility platforms by offering floor area exemptions. The goal was to...
Squarefoot Editor   #Wed Property Focus  2024-10-09     9.4K     71  
The U.S. Federal Reserve recently announced a 0.5% interest rate cut, its first reduction in over four years. Following this, Hong Kong banks lowered their prime rates (P) by 0.25%, meaning that monthly mortgage payments for homeowners have decreased slightly.In this rate-cutting cycle, many people...
Squarefoot Editor   #Wed Property Focus  2024-10-01     7.9K     83  
When applying for a mortgage, the repayment term can extend up to 30 years. It takes a long time to pay off a property, and the associated costs can be substantial. Many people often express how burdensome mortgage payments can be, so what are some ways to save on mortgage interest?In additio...
Squarefoot Editor   #Wed Property Focus  2024-09-25     10.6K     99  
The US Federal Reserve is expected to announce a rate cut on September 19, with a 0.25% reduction being the most likely. The market is also watching to see if Hong Kong banks will follow suit with interest rate adjustments.Ahead of the rate decision, the second-hand property market has slowed signi...
Squarefoot Editor   #Wed Property Focus  2024-09-17     11.6K     91  
In recent years, the property market has been on a continuous decline, leading some people to consider buying during this dip. However, buyers should be prepared for potential issues, such as properties being undervalued by banks. Deciding between purchasing a new property or a second-hand one can b...
Squarefoot Editor   #Wed Property Focus  2024-09-10     9.2K     172  
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