Luxury Real Estate Blog and News

Developers are hoarding flats, aggravating Hong Kong’s home shortage

June 20, 2018 - Hong Kong
A group of developers in Hong Kong are disputing suspicion that they are hoarding flats, an act anathema to the government’s efforts to address the housing affordability crisis.

Tax to be imposed on idle flats in Hong Kong

June 12, 2018 - Hong Kong
Sources say the Hong Kong government has decided to impose a vacancy tax on property developers that hold on to completed units, RTHK reports.

Hong Kong parking space sells for US$760,000

June 06, 2018 - Homantin
A parking bay in Hong Kong's Ho Man Tin area sold Tuesday for HK$6 million (US$760,000), setting a new record in the Chinese SAR, the South China Morning Post reported.

Hong Kong private home prices rise 25 consecutive months

June 05, 2018 - Hong Kong
Hong Kong's private home prices rose for 25 consecutive months.

Hong Kong’s record property prices push more millennial into mortgage debt

May 30, 2018 - Tseung Kwan O
Hong Kong’s millennials, fearing that they will soon be unable to afford property in one of the world’s most expensive cities, have joined the real estate rush.

Joey Yung buys luxury home in Repulse Bay

May 21, 2018 - Repulse Bay
Hong Kong Canto-pop singerJoey Yung Cho-yee has bought a house at one of Hong Kong’s most prestigious seafront developments in Repulse Bay.

Five villas set for en bloc sale at The Peak

May 18, 2018 - The Peak
A luxury low rise development comprising five town houses at 3 Plunkett’s Road on The Peak is being offered for collective sale at HK$2.34 billion (US$298.22 million).

Hong Kong homes overvalued, says IMF

May 14, 2018 - Hong Kong
The International Monetary Fund said homes in Hong Kong are overvalued, but ruled out a crash in prices despite expected hikes in interest rates, saying demand remains high and supply limited.

Forever 21 to Shut Flagship Hong Kong Store

May 14, 2018 - Hong Kong Island
Forever 21 is retreating from its Causeway Bay flagship store next August after its lease ends, with American lingerie chain Victoria's Secret rumored to be taking over the prime location.

3-room unit of Realty Gardens appreciated 2 times in 22 years

May 03, 2018 - Mid Levels Western
A 3-room unit at Flat B, High-Floor, Venice Court, Realty Gardens, Mid-Levels West, with a saleable area of 1,166 sq ft, has been changed hand together with a parking space at HKD 24.3 million.