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 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 must prioritise cutting expenses and even consider raising taxes after authorities more than doubled their fiscal deficit estimate, observers have said, with some warning a reliance on land sales has become a structural problem. Experts weighed in after finance chief Paul Chan Mo-po revealed his earlier projection of a HK$48 billion deficit for…
Hong Kong must prioritise cutting expenses and even consider raising taxes after authorities more than doubled their fiscal deficit estimate, observers have said, with some warning a reliance on land sales has become a structural problem. Experts weighed in after finance chief Paul Chan Mo-po revealed his earlier projection of a HK$48 billion deficit for…
Hong Kong’s deficit will more than double to HK$100 billion (US$12.8 billion) in the 2024-25 financial year from the HK$48 billion forecast the previous year, the finance chief has said, with the city feeling the pinch from a property slump and weakened corporate performance. At a meeting of the Legislative Council’s financial affairs panel on…
Average house prices in the UK rose to £265,738 in October, a 2.4% increase from the previous year, a slowdown compared to the month before as the property market is set to be hit by the stamp duty changes introduced in the budget. The figures from lender Nationwide showed that price growth has slowed, with…