The supply of new private homes in Hong Kong is projected to fall over the next four years as property developers booked more sales in recent months amid a revival in market sentiment. The number of homes was projected to drop to about 101,000 units through 2029, according to a quarterly projection published by the…
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 is pressing ahead with legislation to regulate the city’s notorious subdivided flats, with authorities planning to enforce proposed new laws from 2027 and landlords able to register their properties as early as March next year. The Housing Bureau submitted its regulatory proposals to the legislature on Thursday, with the bill to be tabled…
Hong Kong’s housing authorities have suspended a 8,300 public flat development in a northern town due to the suspected high costs of building on deep rock strata, a move lawmakers said showed serious failure at the initial planning stage. The legislators urged authorities on Sunday to invest more resources in land exploration to avoid such…
The average waiting time for a Hong Kong public rental flat remained at 5.3 years in the first quarter of 2025 amid a significant drop in application numbers, which authorities attributed to fresh supply and higher turnover of homes in the city. The city’s largest public housing provider, the Housing Authority, also revealed on Wednesday…
Lawmakers have expressed concerns over whether landlords will take part in a proposed registration scheme for subdivided homes in Hong Kong, with some urging authorities to reduce the fees to increase the incentive. They questioned the government’s approach at a Legislative Council panel meeting on Monday, where officials discussed the latest proposal for the scheme…
Nearly 1,200 of the most well-off tenants in Hong Kong’s public rental flats will be forced out in four years’ time even if they are willing to pay higher rents, in a more aggressive move by the government to prevent abuse of housing resources, the Post has learned. However, those tenants would be eligible to…
Hong Kong landlords who rent out low-quality subdivided homes could face up to three years in jail and HK$300,000 (US$38,550) in fines under a proposed government plan to wipe out such flats. Details of the proposal were revealed on Wednesday, a day after the housing minister urged landlords not to illegally chase out tenants for…