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Hong Kong housingi

 

Latest news, features and analysis on Hong Kong housing, including policy and efforts to find a solution to the problem of a shortage of homes in the world’s most expensive property market.

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  • Secretary for Housing Winnie Ho says government’s years-long push to alleviate conditions of those waiting for public flats is starting to pay off
  • ‘We are entering into the harvest season this year for the Housing Bureau’s efforts to push transitional housing projects,’ minister adds

Hong Kong’s property transactions came close to a three-year high in April, with 9,880 units changing hands according to official data, as the removal of cooling measures continued to boost demand.

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Our Hong Kong Foundation think tank expects government will meet public housing supply goal as an average of 35,000 flats set to be completed annually over next five years.

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Hongkongers are less willing to buy homes amid price increases at new launches by developers, analysts said after Great Eagle Holdings announced a new higher price list for another 150 units at its Onmantin project on Monday.

Buoyed by the brisk sales of flats following the removal of Hong Kong’s property cooling measures, the city’s developers have this year launched 4,800 new units as of last week, a seven-year high.

Prices of second-hand homes have increased for the first time in almost a year as the recent removal of cooling measures gave a much-needed boost to the beleaguered property market.

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Property agents have raised sales forecasts for the year amid project launches at discounted prices, but say a lack of a rate cut could pare those estimates.

Development chief Bernadette Linn Hon-ho reveals plan after city leader pledges to review enforcement priorities for buildings failing to comply with fire safety orders.

Conservation groups say report on environmental impact of San Tin Technopole project contains inaccurate information and may be subject to legal challenges.

One-fifth of those buildings are located in Yau Tsim Mong, home to 60-year-old New Lucky House where blaze killed five and injured 43 others.

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Readers discuss the history of proposals for container terminals and roads on reclaimed land, how landlords can help shops attract patrons, and visitors from the mainland flocking to a prestigious local university.

Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.

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Hong Kong property sales rose to a 10-month high in March, surpassing 5,000 deals a month after the government lifted all property cooling measures, data from the government shows.