Insights

Tag: second hand property

Second-Hand Property Viewing Guide

Given the introduction of the stamp duty in November and low LTV ratios offered by banks, the hurdles associated with obtaining adequate financing have led to a slump in demand for second-hand properties in Hong Kong.  Cooling measures notwithstanding, with the secondary market constituting the lion’s share of housing units in Hong Kong, it is in
By: OKAY.com

“8 LaSalle” units asking for HKD23,196 per sq. ft., well above secondary market

7 October 2014 - Kerry Properties (0683) yesterday announced the price list of its luxury residential project “8 LaSalle” in Ho Man Tin. The first batch of 30 units, located between the second and fifteenth floors of the property, include 3 special units with flat roofs. The developer also announced the sale arrangements for the property last nigh
By: OKAY.com

Banks adjust Hong Kong property price forecasts, smaller decreases expected

12 July 2014 - JP Morgan and Bank of America Merrill Lynch have revised property price forecasts for the year. A decrease of 5% is now expected, comparing favourably against the respective 25-30% and 10% decreases previously predicted. This is a result of delayed US interest rate changes and a smaller than expected effect on secondary prices creat
By: OKAY.com

New mortgages hit 18-month high

28 June 2014 - The secondary residential market turned active in May upon the easing of recent government measures.  The new monthly mortgage loans drawn rose by 17.7% to 5,494 cases, involving a total amount of HKD22.749 billion.  The industry believes that brand new properties will become the focus of the mortgage market in June, and expect the
By: OKAY.com