Insights

Tag: market trends

Sharing of the OKAY.com entrepreneurial journey

11 September 2014 - I was honored to be invited to Paperclip's Startup Campus and share some of the stories / challenges we've faced as a growing organization.  It was great to be in a room full of aspiring entrepreneurs, and also to be alongside John McLennan, Managing Director and Owner of Indigo, who brought the experie…
By: Joshua Han Miller

Building Department approves 132 building plans in first seven months of 2014

10 September 2014 - Developers have become more active in seeking out the approval of floor plan designs for their residential developments. Hong Kong Economic Journal reported that the Buildings Department received 239 building plan approval applications during the first seven months of the year, marking a 61.…
By: OKAY.com

Home prices and rents continue to soar in July

6 September 2014 - Home prices continue to rise, hitting another record high. The Rating and Valuation Department (RVD) yesterday released its private domestic report for July, showing that the home price index of all classes increased 2.2% month-on-month to 255.6. This constitutes increases across the last four months, wit…
By: OKAY.com

Licensed agents increase to 35,600 in August

5 September 2014 - The Estate Agents Authority yesterday announced that the total number of licensed agents has risen 4 months consecutively, increasing to a total of 35,595 agents as of the end of August. The figure includes approx. 16,700 individuals with Salesperson Licenses and 18,900 with Estate Agent Licenses. The…
By: OKAY.com

High property prices will not continue and there is no need for additional cooling measures

4 September 2014 - [Translated from HKET] As property prices are on the rise, the market is concerned about whether the government will impose additional cooling measures. Joshua Miller, CEO of OKAY.com, thinks that the government does not need to impose additional measures, since existing transaction volumes are low, a…
By: OKAY.com

Professional qualification for property agents is cancelled in China

3 September 2014 - To simplify the excessive number of vocational qualifications, the State Council of China decided to cancel types of professional qualifications for 11 industries. The professional qualification for real estate agents has been placed at the top of the to-be-cancelled list. Market insiders said that the new regulatio…
By: OKAY.com

Prices for 'The Hudson' will start at HKD18,600 per sq.ft.

27 August 2014 - The price list of the first batch of 50 units in single block development “The Hudson” was released last night. The Kennedy Town property is privately owned by Lee Shau Kee, chairman of Henderson Land (0012). Units are comprised of one bedroom to three bedroom apartments with saleable areas between 324 …
By: OKAY.com

'The Harbourside' locks up cash flow of HK$2.1billion

29 August 2014 - Hang Lung Properties (0101) announced that it would be selling its remaining 225 luxury apartments at “The Harbourside” in Kowloon Station. The first batch of 48 units will be put on the market tomorrow and have already received 4,200 cheque deposits by potential buyers for registration. This has resulted in…
By: OKAY.com

Lui Che Woo sees flattening high end property prices

26 August 2014 - Chairman of K Wah International, Lui Che Woo, the second richest man in Asia and Hong Kong shared his point of view on the Hong Kong residential market. K Wah International (0173) announced its interim results yesterday and Chairman, Lui Che Woo, said in the press conference that he expects the prices of l…
By: OKAY.com

Former non-official Executive Council member receives handsome profit from property investments

22 August 2014 - In line with the continuously rising residential sales market, Franklin Lam Fan-keung, a former non-official member of the Executive Council of Hong Kong, has continued to profit from sales of several luxury properties. After receiving a handsome profit of over HK$7.8 million on the sale of a low floor unit at “Cas…
By: OKAY.com
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