In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and a hard place: giving tenants a break on rent makes it harder to pay mortgages and threatens asset value, but holding the line on rent runs the risk of driving tenants away. In this difficult…
Hong Kong’s government will release a mid-size plot for sale in its fiscal second quarter, continuing its tight grip on land supply as the city’s residential property market grapples with a glut that has forced developers to slash prices to find buyers. A plot measuring 6,500 square metres (70,000 sq ft) at the junction of…
Hong Kong must instil investor confidence by eliminating uncertainties over the Northern Metropolis, a megadevelopment near the border viewed by Beijing as a test of the administration’s governance capability, analysts have said. The megaproject, featuring the city’s new innovation hub located in the northern New Territories, grabbed headlines again last month after a five-day visit…
Home prices in Hong Kong’s secondary property market dropped for a third straight month in February to near the lowest in a decade amid concerns about slower cuts in interest rates and heightened tensions in global trade stoked by extra US tariffs on foreign goods. Lived-in home prices retreated 0.9 per cent in February from…
Hong Kong’s lived-in home prices fell in December to complete three straight years of setbacks, as geopolitical and inflation risks clouded the prospects for more interest-rate cuts by global central banks. Prices in the secondary market declined 0.65 per cent last month, following gains in October and November, according to data published by the Rating…
Property deals in Hong Kong fell to a seven-month low in September as homebuyers and investors stayed on the sidelines awaiting the start of a policy easing cycle, analysts said. “Major developers have been preparing to launch projects to capture the pent up demand following the interest rate cut,” said Eddie Kwok, the executive director…