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.
Online Property Agents vs Traditional Property Agents
4 May 2017 - Online property agents present a new business model in line with the digital age. Looking to the Hong Kong market which is dominated by the likes of Centaline and Midland Realty – traditional real estate brokerage businesses with physical storefronts are still the default option for many homebuyers and sellers. That being said, both
Sai Kung offers perfect opportunity to get away from it all
28 April 2017- Reasons we love Sai Kung? Our Sai Kung Expert, Soi M. Schmeelke-Puan explains on South China Morning Post that, "compared with traditional expat neighbouthoods on Hong Kong Island, Sai Kung homes are generally more affordable." She explains that with the continuous development of Kowloon East as the second central business district,
What is the Effect of High Property Prices on First Time Buyers?
26 April 2017 - The increasing costs of property ownership is a prevalent topic in Hong Kong. Despite more stringent mortgage lending requirements and the introduction of the Government stamp duty last year, the resounding trend in property prices is upwards. Looking to the Centaline’s Centa-City Index as a marker, house prices in March 2017 al
The Implications of Chinese Property Developers Buying Land in Hong Kong
5 April 2017 - The conspicuous investment of Chinese property developers continues to dominate the Hong Kong property news cycle. Recent headlines detailed the record breaking land purchase of a site in Ap Lei Chau for HK$ 16.9 billion. The buyer, Logan Property Holdings and KWG Property Holdings, are based in Shenzhen and Guangzhou respectively.
Hong Kong Island’s New Development in 2017
29 March 2017 - According to JLL’s Property Market Monitor in March, home sales have increased by 24.1% in February month-over-month. In addition to this, residential capital values i.e. home prices in Hong Kong also rose by 1.0% in February, overtaking September 2015 as the highest on record.1 The price surge occurred despite cooling measures in
Bank Mortgage vs Property Developers' Mortgage
10 March 2017 - Mortgages offered by developers hit headlines in June 2016 when Sun Hung Kai Properties offered Hong Kong homebuyers a mortgage of up to 120% provided that borrowers pledged their existing property as security. This prompted a public statement from Arthur Yuen - the Deputy Chief Executive responsible for banking in the Hong Kong
The State of Hong Kong’s Luxury Property Market
6 March 2017 - 2016 was a year of remarkable highs and lows for the Hong Kong property market. Spurred on by a concoction of available credit and negative real interest rates, Hong Kong’s residential prices increased by nearly 200 per cent in the post 2008 period. This combined with record breaking bids from mainland developers and a seeming upsu
Hong Kong Property Stamp Duty Loopholes
3 March 2017 - In its current iteration, the recently introduced Ad Valorem Stamp Duty (AVD) mandates a 15 per cent flat rate for all residential property transactions in Hong Kong. Unless provided otherwise or specifically exempted as a permanent Hong Kong resident and a first time home buyer, additional rates may apply. Case in point, as an ove
How RMB Depreciation Affects Hong Kong’s Property Market
27 February 2017 - Despite the Renminbi’s (RMB) inclusion in the IMF’s Special Drawing Rights basket last year and the strengthening of the yuan exchange rate against the US dollar in recent weeks, according to analysts at Nomura, the RMB is forecasted to experience further depreciation in 2017. Expected to depreciate by as much as 5 per cent, t
OKAY, You’ve Got Questions
2 February 2017 - Liza Boltz, has recently partnered with American Women’s Association (AWA) as their property expert to answer women’s property related questions. As a member of AWA herself, she gladly rose to the occasion. As questions came pouring in for Boltz, AWA selected those that appeared most. Airbnb, rental properties, and the internet
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