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Tag: Ricacorp Properties

Hong Kong rent surges as demand from mainland Chinese students, professionals soar
  • Hong Kong News

Hong Kong rent surges as demand from mainland Chinese students, professionals soar

Cs news2 weeks ago02 mins

Wang Ruoshuo, a 21-year-old student from Hefei, the capital of central Anhui province, is searching for a flat in Hung Hom in southern Kowloon, which is close to her university and the company where she interns. As a first-time renter, however, she has been taken aback by the high prices. Wang and her friends are…

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Hong Kong developer SHKP rushes out more Sierra Sea flats amid surge of mainland buyers
  • Hong Kong News

Hong Kong developer SHKP rushes out more Sierra Sea flats amid surge of mainland buyers

Cs news2 months ago02 mins

Sun Hung Kai Properties (SHKP) is launching another batch of flats in its Sierra Sea project in the New Territories following two consecutive sold-out weekends in one of Hong Kong’s largest residential projects in more than a quarter century. On Wednesday, Hong Kong’s largest developer will offer 150 flats in the 9,700-unit project in Shap…

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21,000 Hongkongers vie for 329 new homes at 12-year-low prices at SHKP’s Sierra Sea
  • Hong Kong News

21,000 Hongkongers vie for 329 new homes at 12-year-low prices at SHKP’s Sierra Sea

Cs news2 months ago02 mins

Sun Hung Kai Properties (SHKP), Hong Kong’s largest property developer, received more than 21,000 cheques for 329 units at its massive Sierra Sea residential project in the New Territories, indicating that attractive pricing can drive home sales in the city despite economic jitters, according to agents. The first round of sales on Saturday will feature…

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Number of deals involving non-local homebuyers in Hong Kong more than triples
  • Hong Kong News

Number of deals involving non-local homebuyers in Hong Kong more than triples

Cs news3 months ago02 mins

The number of deals involving non-local homebuyers in Hong Kong has more than tripled over the past two years, official data shows, a jump that experts have attributed in part to the government’s scrapping of property market cooling measures. But the number of transactions by local buyers increased by only 14 per cent between 2023-24…

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Hong Kong’s March property sales rise to 4-month high, in a sign of improving sentiment
  • Hong Kong News

Hong Kong’s March property sales rise to 4-month high, in a sign of improving sentiment

Cs news3 months ago03 mins

Hong Kong’s property sales increased to the highest level in four months in March, as a resurgent stock market and a lower tax scheme for homes spurred sentiment, according to two of the city’s largest agencies. Sales of new and lived-in homes, shops, office units, car parking spaces and industrial properties jumped by 55 per…

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Hong Kong homebuyers deliver brisk weekend sales for developers, as small flats favoured
  • Hong Kong News

Hong Kong homebuyers deliver brisk weekend sales for developers, as small flats favoured

Cs news4 months ago02 mins

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…

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HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales
  • Hong Kong News

HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales

Cs news5 months ago02 mins

Hong Kong’s largest banks are likely to offer new mortgages to ease the burden on homebuyers amid elevated interest rates, but experts doubt that the trend would overcome the factors weighing down the struggling property market. HSBC, one of the city’s three currency-issuing lenders, unveiled on Wednesday new mortgage plans offering a fixed rate of…

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Hong Kong rental yields hit 12.5-year high on talent-scheme influx, lower rates
  • Hong Kong News

Hong Kong rental yields hit 12.5-year high on talent-scheme influx, lower rates

Cs news7 months ago03 mins

Rental yields for Hong Kong residential properties have hit the highest level in more than a dozen years and are set to remain at an elevated level for two or three years, driven by robust demand from newly arrived residents and reduced mortgage costs, according to analysts. The average rental yield in the city inched…

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Hong Kong property deals slump to 7-month low, but things are looking up for October
  • Hong Kong News

Hong Kong property deals slump to 7-month low, but things are looking up for October

Cs news9 months ago03 mins

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…

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Hong Kong buyers snap up 200 flats as market sentiment improves on interest rate cut
  • Hong Kong News

Hong Kong buyers snap up 200 flats as market sentiment improves on interest rate cut

Cs news9 months ago02 mins

Hong Kong saw the most number of new flats sold on a single day since May on Saturday, with agents predicting sales of 200 units on improving sentiment following a half-point interest rate cut by the Hong Kong Monetary Authority (HKMA). Sun Hung Kai Properties (SHKP) sold 112 units, or 93 per cent, of the…

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