Insights
Tag: hong kong property
Cheung Kong sells 100 new units in 1.5 Hours with counter mortgage offer
9 March 2015 - Since the adoption of the new mortgage-tightening measures, the first round of new developments were released to market yesterday. Cheung Kong, the biggest property developer in Hong Kong, sold 108 units of its new development, La Lumiere, in just 90 minutes.Offering an exceptional 90% mortgage to first-time buyers, these small-size
A Residential Guide to Discovery Bay Villages
Discovery Bay is a private, self-contained residential development spanning 6.5 square kilometers between Tai Pak Bay and Yi Pak Bay, located on the picturesque coast of Lantau Island. Favored by families, this child and pet-friendly community within Hong Kong began development in the 1980s and has been built in 15 phases. Known by residents as
i-Cable news discusses the online property business model and real estate market with Peter Churchouse and Joshua Han Miller
02 March 2015 – The Hong Kong government recently released a new round of mortgage-tightening measures, claiming an overheated property market requires further cooling measures; yet no solutions were suggested in the 2015-16 budget to directly suppress the soaring property prices. i-Cable news interviewed Joshua Han Miller, CEO of OKAY.com and Pe
New mortgage-tightening measures to suppress overheated small-sized residential market
28 February 2015 - A deal-breaker to many potential homebuyers, the Hong Kong Monetary Authority (HKMA) announced a new round of measures yesterday to further tighten property mortgage loans. With immediate effect, the maximum loan-to-value (LTV) ratio has been lowered from 70% to 60% for self-use residential properties priced below HKD7M. In othe
Jacinto Tong: Multiple mortgage will trigger property bubble in 3 months
13 February 2015 - With a proven track record of accurate predictions, Jacinto Tong, CEO of the Gale Well Group, recently blogged about a potential property bubble burst in Hong Kong. His claim that the ‘bubble will burst within 3 months for lower budget properties’, has sparked a heated debate around the city.In the post, Tong points out that pro
Torbjörn Martin Dimblad set to be a key tech driver in OKAY.com's next stage of growth
HONG KONG, February 12 2015 OKAY.com is excited to introduce Torbjörn Martin Dimblad as Chief Technology Officer. After establishing a career abroad across North America, Asia and most recently Scandinavia, Torbjörn returns to Hong Kong to share his expertise and forward the growth at OKAY.com. “I’m incredibly excited by how OKAY.com is changing
Hong Kong’s Home prices rose for the 10th straight month despite cooling measures
10 February 2015 - Hong Kong’s property prices continued to hit historic highs in spite of the government’s efforts to curb speculative activities. The latest Centa-City Leading Index (CCL) marked another record at 136.35, showing a steady increase for the 10th consecutive month.South China Morning Post reported that the government will receive HK
Interest rates unlikely to be increased before mid-2015
2 February 2015 - Latest US economic statistics are below expectations and show a slowed pace of recovery. The Federal Reserve expressed reluctance in increasing interest rates before June this year. Mr. Norman Chan, Chief Executive of HKMA, was questioned this morning in the Legislative Council about his views on the Fed’s newest announcement and
House Hunting in Hong Kong - Tips for Finding Your Perfect Home
We search for new homes for various reasons. Whether you are a new arrival to Hong Kong or moving within, it is very important that you are equipped with the right knowledge and information. Looking for an apartment in Hong Kong can be a very time-consuming task. Below are some useful house hunting tips which will greatly aid in making sure that
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