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.
How to add value with renovations for rental properties in Hong Kong
15 December 2014 - As we all know, properties in HK tend to be cookie cutter in terms of their layout. So how do you make your property stand out amongst the rest? Modernizing a property can be costly and time consuming but yields good results (i.e. the property would fetch a good price and let quickly). Since it can be an expensive project and
Hong Kong remains one of the most expensive places to accommodate employees
13 December 2014 – Ranked no.2 behind London, Hong Kong remains one of the most expensive cities for companies to accommodate staff, according to the latest Live/Work Index released by Savills. The US dollar denominated index measures company spending on employee living and work space and is closely related to property prices in these cities. Afte
French community in Hong Kong greatly expands, targeting opportunities in China
11 December 2014 - According to estimates of the Consulate General of France in Hong Kong, there are now 17,000 French residing in the city. A 50% plus increase of French arrivals within the last 5 years was recorded by the Immigration Department, greatly outnumbering the growth among other European arrivals. It is believed that increasing busines
John C Tsang: Government will stay alert to bubble risk and take appropriate measures as necessary
2 December 2014 - Financial Secretary, John C Tsang held a press conference on Hong Kong's latest overall economic situation yesterday. He stated that the government has been keeping an eye on the risk of a property bubble, and will adopt appropriate measures when required. Tsang started the conference by expressing his worries about the global ec
Inflation of rental and purchase prices continues during Q4 low season
1 December 2014 - Q4 is largely seen as the low season in the Hong Kong rental market, with rentals in October appearing to have taken this into account, growing only 1.2% month-on-month compared to 2.1% growth in September. Despite this, abundant demand has already triggered a 10%+ increase in rentals over the previous 6 months – a trend that is
The new end of the line: How the MTR extension will affect life and property in the Western District
27 November 2014 - “Sheung Wan, this is the end of the Island Line, all passengers please exit the train” – this familiar announcement will no longer be heard in December when the extension of the MTR’s Island Line will open for residents of the Western District. The long wait for the train to the western tip of Hong Kong Island is in sight and
West Island Line to be opened next month marks the beginning of a brand new Western District
25 November 2014 - The MTR Corporation confirmed that Kennedy Town and Hong Kong University MTR stations will start running from the end of December this year, with Sai Ying Pun Station to be opened at the end of Q1 2015. The new extension will take only 8 minutes from Kennedy Town to Sheung Wan, revitalizing the old Western District and significa
Credit Suisse: HK property prices will drop 15 percent in 2015
21 November 2014 - Credit Suisse forecasted in a report that Hong Kong’s property prices will drop 15% in 2015 under an increasing unemployment rate, rising interest rates, and competitive pricing by developers. The bank expected the Fed to increase the US interest rate by a quarter point in the second quarter of 2015, followed by another half poi
OKAY.com featured in iMoney for its innovative business model
21 November 2014 - Joshua Han Miller, CEO of OKAY.com, discussed in an interview with iMoney how the company was established during hard times in the Hong Kong property market, with its disruptive business model standing out from the crowd. Despite the government’s property cooling measures, OKAY.com’s revenue recorded a spectacular increase of 15
Occupy Central’s effect diminishes with property index hitting record high
17 November 2014 - Today marks the eighth week since Occupy Central began and latest statistics indicate a diminishing influence by the movement on the property market. According to the newest CCL index released on Nov 14, the index for all districts, except Hong Kong Island which dropped 2.78%, have recorded increases by 0.94% (Kowloon), 0.53% (E
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