Insights
Tag: new developments
What a Vacancy Tax Could Mean for the Hong Kong Property Market
8 June 2018 - The government will soon conclude its study on the feasibility of imposing a vacancy tax on developers who hoard unsold first-hand private residential flats, Financial Secretary Paul Chan Mo-po told legislators in early June 2018. As at December 2017, developers have withheld 9,370 of such flats. Officials believe that a tax on vacan
New Hong Kong Property Developments to Look Forward to in 2018
5 January 2018 - According to JLL’s December 2017 Property Market Monitor, home sales have risen by 7.7 per cent in November month-over-month. Residential capital values also increased by 1.2 per cent in November, boosted by a 14.1 per cent month-over-month uplift in second-hand property sales. The price surge occurred despite the rate hike cycl
Hong Kong Island’s New Development in 2017
29 March 2017 - According to JLL’s Property Market Monitor in March, home sales have increased by 24.1% in February month-over-month. In addition to this, residential capital values i.e. home prices in Hong Kong also rose by 1.0% in February, overtaking September 2015 as the highest on record.1 The price surge occurred despite cooling measures in
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