Approved mortgage loans in Hong Kong rose to a nine-month high in February as buyers of new flats sought additional financing, suggesting an improvement in demand as developers continued to launch new projects at attractive prices, analysts said. Financial institutions approved mortgage loan applications worth HK$26.1 billion (US$3.3 billion), the highest since HK$31.6 billion in…
China Vanke has sold around a quarter of the more than 200 units on offer at its Le Mont project on the first day of sales, despite earlier reports indicating that some Hong Kong banks were refusing to extend mortgages to prospective buyers. By 1pm on Saturday, 58 of the 228 available flats at the…
Hong Kong homebuyers flocked to secure new flats at two projects over the weekend, indicating improving sentiment on the city’s battered property market following a reduction in stamp duties and a buoyant stock market. On Sunday, Sun Hung Kai Properties sold 96 of 172 units offered at its Yoho West Parkside development in Tin Shui…
Hong Kong’s homebuyers are likely to snap up 2,500 new flats in March, on track to deliver the best sales month in a year to developers, as a stock market rally and a cut in stamp duty spurred transactions. Kerry Properties on Thursday put 133 units at the Hava residential project in Yuen Long for…
Hong Kong real-estate sales fell to their lowest point in five months in February, reflecting caution among homebuyers and investors amid increasing tensions between Washington and Beijing, according to property agencies. Sales of homes, office units, shops, car parking spaces and industrial spaces declined by 13 per cent to 4,295 deals from a month earlier,…
Hong Kong real-estate sales fell to their lowest point in five months in February, reflecting caution among homebuyers and investors amid increasing tensions between Washington and Beijing, according to property agencies. Sales of homes, office units, shops, car parking spaces and industrial spaces declined by 13 per cent to 4,295 deals from a month earlier,…
Hong Kong on Saturday saw its best weekend for new property sales in four months, with a total of 362 units expected to be sold across three projects, after the government lowered the stamp duty for small flats following the budget address on Wednesday. Among the first-round offerings, Henderson Land Development’s Eight Southpark project in…
Hong Kong homebuyers’ sentiment was mixed over the weekend as the city’s tepid property market awaits more supportive measures in the coming budget. China Resources Land (Overseas) and Poly Property sold five of the 136 flats offered at Pano Harbour in Kai Tak, the site of the city’s former airport, as of 5pm on Sunday,…
Hong Kong’s homebuyers snapped up every flat on offer during a weekend sales launch on Saturday, as attractive prices amid a stock market rally bolstered sentiment in the city’s tepid property market. All 250 flats at Kerry Properties’ Hava project in Yuen Long were snapped up by 4.30pm, sales agents said. The flats, ranging from…
Hong Kong’s first launch of new homes in the Year of the Snake got off to a slow start with about a fifth of the 133 units on offer at The Reserve at Gold Coast Bay in Tuen Mun finding buyers on Saturday, according to agents. As of 8.30pm, 27 units were sold. “The sales…