Property News & Insights
Explore OKAY.com’s latest property news and trends across the Hong Kong, China and Global property markets. With expert commentary and opinion, we keep you up to date on property happenings both near and far.
How the Increase in US Interest Rates Will Impact the Hong Kong Property Market
6 July 2017 - The United States interest rates set by the Federal Reserve frequently impact markets across the globe. Since the 2008 financial crisis, the Federal Reserve has very reservedly increased interest rates. Similarly, Hong Kong S.A.R has had low interest rates since the 2008 global financial crisis. The cheap cost of borrowing along wi
Property Crash Seems Unlikely - SCMP Talks to Joshua Han Miller
30 June 2017 - In a discussion with SCMP, Joshua Han Miller, CEO of OKAY.com, talks about Hong Kong’s overheated market and draws a comparison between current state versus that of 1997.Miller explains that Hong Kong today in under very different conditions, to the exogenous factors, sparked by the Thai currency collapse."Hong Kong has not had any
Hong Kong Property Market Outlook for the Second Half of 2017
29 June 2017 - The Centa-City Leading (CCL) property index once again hit a new high for the 17th straight week in a row reaching 159.88 pts. It is expected that another record will be set next week with a CCL of over 160 pts. CCL (small/medium) already exceeded 160 for the week of June 16th, and CCL Mass currently stands at 162.16 pts. CCL (lar
Is Hong Kong Real Estate Facing Another 1997 Crash?
With the historic 1997 handover upon us, I have been asked by members of the media and our clients if we’re facing a real estate bubble similar to the burst 20 years ago. Let’s examine the facts. There are certainly some similarities to the environment seen in 1997:The Hong Kong property market has seen steep price appreciation in the last sever
Is buying a home in Discovery Bay a Good Investment Choice?
23 June 2017 - Embraced by mountains and water, Discovery Bay is a tranquil resort-style community on the northern coast of Lantau Island away from the hectic urban center. The family-friendly neighborhood enjoyed a uniquely low density, which is in every sense a real privilege in Hong Kong. A morning run along the seashore would be an exemplary
Has the Government’s Stamp Duty Policy Been Effective in Controlling the Property Prices in Hong Kong?
19 June 2017 - Hong Kong consistently ranks first in the world for the dubious honor of “least affordable urban centre”. Anyone at median wage can expect to pay 18.1 times their gross annual income for a city apartment according to Demographia International Housing Affordability Survey’s study. And this is an improvement compared to the 2015 stud
Are Dads Struggling with Work-Life Balance?
Being a parent and a professional is certainly a balancing act and it applies to every working parent, including the often-excluded fathers. We often hear the challenges working women face to have it all, but we rarely talk about fathers who may be experiencing the same types of guilt and pressure women face when balancing careers and fatherhood.
Powerful Success Stories of Hong Kong Property Agents
5 June 2017 - How do property agents in Hong Kong define success? Do they measure by objective metrics such as salary, job title, awards and accolades or is it defined in subjective terms such as enjoyment of work, connections with colleagues or meaningful company missions? Although some will answer one way versus another, most will agree that ha
Is the Hong Kong Property Market Comparable to the Market Crash of 1997?
24 May 2017 - The Hong Kong property crash of 1997 is an often-cited example for the perils of property speculation and unsustainable pricing. The unprecedented financial boom years of the 90s culminated in a 70 per cent freefall of home prices in the Hong Kong market for 6 consecutive years, consigning homeowners to the adverse effects of negat
What Will the Government Do Next to Cool Down the Property Market?
8 May 2017 - The Hong Kong Government further tightened its Housing Policy in April 2017 by putting a stop to the stamp duty loophole which allows for first time buyers to evade additional costs by buying multiple properties at a flat rate of 15 percent. Recently introduced in November 2016, the Ad valorem stamp duty as with previous cooling meas
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