Hong Kong Property News - 28Hse

Home Price Index Hits Post-Cooling High; Rental Index Holds Firm Despite Slight Softening

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Home Price Index Hits Post-Cooling High; Rental Index Holds Firm Despite Slight Softening

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 10.5K 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 16.7K 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 17.5K 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 7.1K 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 12.9K 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 11.2K 62 31

When a home owner sells a property, they can choose to sell the property by themselves or appoint a licensed agent to help them sell the property. What are the differences between the two? And what is there to be aware of?In the past, owners who chose to sell their properties by themselves us...

Squarefoot Editor #Wed Property Focus 2023-09-05 11.4K 78 32

As in the past, many sectors have suggested that the government relax property measures to revive the Hong Kong housing market. For example, Tan Yue-heng, member of the Legislative Council and chairman of Bank of Communications International, suggested that the government could consider making halvi...

Squarefoot Editor #Wed Property Focus 2023-08-29 6K 69 20

CK Asset’s The Coastline II project in Yau Tong has been the talk of the town. The new development was sold at a record low price of HK$14,868 per square foot and received more than 30,600 pre-sale cheques, making it the most over-subscribed new development in Hong Kong's history. Capitalising...

Squarefoot Editor #Wed Property Focus 2023-08-22 13.4K 89 42

The US Federal Reserve raised interest rates again by 0.25% in July, raising the target range for the Federal Funds Rate to 5.25% to 5.5%, which is the 11th rate hike since March 2022. Subsequently, banks in Hong Kong followed suit by raising interest rates by 0.125% to 0.375%, with the prime rate r...

Squarefoot Editor #Wed Property Focus 2023-08-15 18.8K 157 41

After the new government took office, the government has taken much action to address the public’s concerns on land and housing, such as encouraging private property developers to participate in the construction of Private Subsidised Sale Flat and public housing. Recently, the Development Bure...

Squarefoot Editor #Wed Property Focus 2023-08-08 6.5K 57 13

A fresh wave of starter homes has arrived!At the start of 2019, the Government launched ‘eResidence’ – the first pilot starter home project for Hong Kong residents – which provided 450 units at the time. Now, the government has announced news for the second phase of eR...

Squarefoot Editor #Wed Property Focus 2023-07-25 22.4K 446 56

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...

Squarefoot Editor #Wed Property Focus 2023-07-19 16K 154 22

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...

Squarefoot Editor #Wed Property Focus 2023-07-05 13.7K 191 32

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...

Squarefoot Editor #Wed Property Focus 2023-06-27 28.6K 314 65

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Property Type	Price	Ads Period
For Sale Property
Normal Listing Typical One	HKD:1000 (or Hsemoney:1000)	Valid:90 days
Golden Top Listing Higher position than Top listing 2-3times better performance	HKD:3000 (or Hsemoney:3000)	Valid:60 days
Rental Property
Normal Listing Typical One	HKD:1000 (or Hsemoney:1000)	Valid:80 days
Golden Top Listing Higher position than Top listing 2-3times better performance	HKD:3000 (or Hsemoney:3000)	Valid:60 days

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