Luxury Real Estate Blog and News
Developers are hoarding flats, aggravating Hong Kong’s home shortage
June 20, 2018 - Hong KongA 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 KongSources 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 - HomantinA 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 KongHong 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 OHong 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 BayHong 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 PeakA 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 KongThe 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 IslandForever 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 WesternA 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.
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