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.
The Big Apple's Next Big Thing: New York High-rise trend picks up steam
March 19, 2015 - Marked by the USD100M sale of a 75th floor duplex penthouse last December, an emerging trend of luxurious condo skyscrapers is hitting Midtown Manhattan, New York City, officially turning the borough into one of the most prestigious neighborhoods in the world.Brewing over the last decade, this trend gathered steam when Zeckendorf
Property listed for 8 months sold in 8 days after professional photos taken
15 March, 2015 - With the growing trend of online property search, the quality of property photos is crucial in attracting leads for agents. A house in Orlando, USA, sat on the market for nearly 8 months before finally sold in just 8 days thanks to the newly-appointed agent’s professional photo-shooting skills.He uploaded the re-taken photographs
‘Hot’ listing – An entire “Wild West” town in California for sale at HKD$7M
12 March 2015 - The price for a normal ‘shoebox’ apartment in Hong Kong could always buy something unimaginable on the other side of the world, and now it can buy an entire Wild West town in California, USA.Located in Valley Center of San Diego, the town was formerly a private film set for movies and advertisements. Listed at USD$900,000 (approxim
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
CNN ranks HK Mid-Levels Escalator as one of the world's 7 coolest commutes
4 March 2015 - A renowned attraction and vital transport for tens of thousands of residents, the Central-Mid-Levels escalator was recently featured on the CNN website as one of the coolest commutes in the world.Connecting the bustling business area in Central up to the peaceful neighborhood on Conduit Road, this one-way transport system brings peo
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
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