Property Investment Market and Trend
  • Hong Kong property agent finds the hard way why it is important to stay on top of mortgage loan rules

    Last month, the Hong Kong Monetary Authority (HKMA), for the first time in more than a decade, raised the applicable loan-to-value ratio cap for mortgage loans on non-residential properties from 40 per cent to 50 per cent, in a bid to boost the city’s moribund property market weighed down by a recession and coronavirus pandemic. Getting a sufficient amount of mortgage loan is one of the many crucial factors that affects the decision of an individual, for both residential and non-residential…

  • Hong Kong retail landlords turn vacant spaces into food courts to attract local consumers as tourist dollars dry up

    Landlords and property investors are converting vacant retail spaces into food courts as businesses in the city adjust to the slump in tourist arrivals, forcing a shift in focus to cater for local consumers. At the basement of Jardine House in Central, Hongkong Land in June turned a portion of the floor into BaseHall, a food hall comprising eight food and beverage (F&B) concepts and two bars. It was previously occupied by restaurant Grappa’s Cellar. In North Point, Wor The Food made its soft…

  • Hong Kong developers rebuild cash hoard to prepare for new opportunities amid biggest market correction in four years

    Some of Hong Kong’s biggest developers are building up their cash hoard by selling noncore assets, a move seen as readying themselves for acquisition opportunities amid the biggest market correction since at least 2016.This year, groups including Wheelock Properties, Chinachem and New World Development have raised more than HK$4 billion (US$516 million) from the sale of retail, office and car parking spaces across the city, according to company announcements and government land records.While…

  • Hong Kong homebuyers return in droves for a sell-out weekend of flats offered by Sun Hung Kai and Henderson Land

    Hong Kong’s homebuyers turned up in droves to snap up new flats at two projects on Saturday, shrugging aside concerns about the city’s unemployment and the worst economic recession in decades, as social-distancing regulations eased.Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by value, sold 126 of 133 flats, or 95 per cent of the units offered in the first batch of the third phase of its Wetland Seasons Park project in Tin Shui Wai as of 9pm today. As many as 22 buyers…

  • Sun Hung Kai Properties makes massive changes to West Kowloon project, drops one tower and adds more open space

    Sun Hung Kai Properties, which paid HK$42.2 billion (US$5.45 billion) for the huge plot of land at the High Speed Rail terminus in West Kowloon, has made several changes to its original plan approved by the Town Planning Board. According to the developer’s new plan submitted to the board recently, the number of commercial towers will be reduced from three to two, and the amount of open space and green cover will be increased considerably. “The Approved Scheme with three towers is quite dense…

  • Hong Kong homebuyers give midweek property sales a miss amid unemployment, economic worries

    Hong Kong’s avid homebuyers stayed on the sidelines for the first big sale of flats on Thursday after the government relaxed social distancing measures, reluctant to spend on big ticket items as the economy shows no signs of emerging from a recession that has stretched into four quarters.As of 6pm, mainland developers Longfor Group and KWG Property managed to sell just one out of 123 flats at the Upper River Bank project in East Kowloon, close to the former Kai Tak airport, agents said, adding…

  • Macau hotels and casinos look forward to upcoming golden week holiday as travel restrictions with China are eased

    The upcoming “golden week” holiday will come as a relief for Macau’s struggling casinos and hotels, as hordes of Chinese tourists are expected to travel to the gaming destination after restrictions for visitors from across the mainland are eased from next week.Initial hotel bookings indicate that things are starting to look up for the former Portuguese colony’s economy, which depends heavily on mainland Chinese tourists.Five out of the 23 hotels tracked by Morgan Stanley have been fully booked…

  • China’s home foreclosures soar as nation’s debt-fuelled property bull run sputters on falling income and dim job prospects

    China’s property foreclosures soared this year, as deteriorating job prospects and shrinking income amid the worst economic contraction in decades combined to weigh down on borrowers’ repayment ability, putting an end to the country’s debt-fuelled real estate rally.As many as 1.25 million homes were foreclosed in China as of September 16, according to the Taobao e-commerce platform operated by this newspaper’s owner Alibaba Group Holding, compared to 300,000 in 2019 and 180,000 foreclosures put…

  • Vacancy in Hong Kong’s storage facilities, warehouses and logistics real estate may double as retailers end leases, slash stock

    Vacancy among Hong Kong’s warehouses, storage facilities and other logistics property is expected to double this year, as retailers hobbled by the city’s worst recession in decades slash their inventory and give up their leases, according to a forecast by JLL.An estimated 102,000 square metres (1.098 million square feet) of marketable space is set to return to the leasing market this year when their leases expire, taking the aggregate vacancy rate to more than 3 per cent by the end of this year…

  • Hong Kong retail sector fortunes polarised as fresh food shops get pandemic boost

    Hong Kong’s shops have become more polarised during the coronavirus crisis, say industry players. Those selling fresh produce are doing a roaring trade while other high-street retailers struggle amid a near-total lack of tourists.Shops selling fresh meat, fish and other perishable goods – the kind of produce available in wet markets – are thriving. Because of social distancing measures and a previous ban on restaurant dining in the evenings, more people have turned to buying groceries and…

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