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.
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
HKMA introduces new mortgage assessment regulations to suppress property investors
22 January 2015 - Effective from 20 January 2015, The Hong Kong Monetary Authority (HKMA) has adopted new measures to further tighten mortgage lending practices of banks in Hong Kong. Some analysts regard the act as another deterrent to property investors and a way of suppressing inflating property prices. After reviewing the effectiveness of the
Hong Kong’s residential property prices graded as World’s ‘Most Severely Unaffordable’
20 January 2015 – At 17 times the median household income, Hong Kong’s home prices continue to top the list of least affordable markets among major world cities according to American research institution Demographia’s latest report. The Demographia International Housing Affordability Survey 2015 includes 378 property markets around the globe, gene
Impact of the Policy Address's housing strategy to be limited in the short term
16 January 2015 - In terms of Hong Kong property, this year’s Policy Address continued to focus on boosting housing and land supply, with no mention of any adjustment to the cooling measures currently in place. Many have expressed doubts over the achievability of the proposed housing strategy, and criticized the lack of a short term solution to th
Searching for Suburbia: Why city dwellers are flocking to HK's "Back Garden”
15 January 2015 - In the past, families relocating to Hong Kong would typically choose to live in the city center to be near amenities like eateries, shops, schools, and workplaces in the central business districts on Hong Kong Island. More recently, however, there has been an increasing trend of newcomers settling directly in more remote areas li
First hand homes for rent to reach almost 8000 units in Q1 2015
12 January 2015 - According to on.cc, new home rentals are set to peak in Q1 2015, with approximately 7,774 properties in 8 new projects due to be released. These account for almost half of the total completed units last year. The majority of these units are located in the New Territories, with an estimate of 5,400 homes in new projects that inclu
Citi Analysis: Home Prices are far from peaking
8 January 2015 - The latest Centa-City Leading Index concluded the year of 2014 with an annual rise of 11.2%, reaching another record high of 132.45. The continuous upward climb of property prices throughout the year, though at a slower pace, has again alarmed investors and raised concerns of a potential bubble in 2015. Home prices rose 7 consecut
What does 2015 hold for Hong Kong's residential property market?
30 December 2014 - Despite a slight recovery this year, Hong Kong’s property market is still under the influence of the government’s cooling measures which are expected to continue in 2015, as mentioned in Knight Frank’s latest forecast report. 1. Continued heat in primary sales The total number of transactions has increased by 18% to 60,000 in 20
Critics doubtful of Government’s 480K housing supply target
22 December 2014 - The Government announced last week its intention to raise the 10-year housing supply target to 480,000 units, with critics suggesting that the number is not high enough yet difficult to achieve. In the coming decade, the target includes 200,000 public rental housing units, 90,000 subsidized sale flats, and 190,000 private housin
OKAY.com CEO in Yahoo Finance: "Purchase ahead of a continued recovery and look longer term"
17 December 2014 - Joshua Han Miller, CEO of OKAY.com, was recently interviewed by Yahoo Finance about his views on the current property market. He expects market activity to continue to increase in the short to intermediate term amidst fluctuations. “The end of the US bond purchase program is a sign of economic stability and recovery. We’ve seen
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