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.
Consumer Council urges strict regulations to put undesirable sales practices in first hand property market to rest
13 November 2014 - The Consumer Council issued their latest study on the sales of first-hand residential properties, criticizing the new sales regulations adopted since last April for not eliminating undesirable sales practices in the market, including multiphase sales arrangements, advanced cheque payment offered by real estate agents, and genera
OKAY.com Board Chairman to be Keynote Speaker at 11th Annual Women of Influence Conference & Awards
12 November 2014 - Beverly L W Sunn, Board Chairman of OKAY.com and Founder & President of Asia Pacific Properties will deliver the Opening Keynote address at the 11th Annual Women of Influence Conference & Awards to be held at the Four Seasons Hong Kong on 14 November 2014. The theme of this year’s event is “Evolution”, with the session set to fo
The end of US bond-purchase program poses limited threat to Hong Kong property market
10 November 2014 - The Federal Reserve announced today the formal end of its $3.7 billion Quantitative Easing bond purchasing program, while planning to keep interest rates constant for a ‘considerable’ period of time.The Fed’s former Chief, Ben Bernanke once mentioned that interest rate increases will be brought forward when the U.S. jobless rate
Hong Kong home prices rise 8.4% within the first nine months of 2014
8 November 2014 - Data released by the Rating and Valuation Department shows that Hong Kong home prices reached a new high for the sixth consecutive month in September. The monthly price index for private homes climbed to a new record 265.8 during the same month, marking an increase of 1.8% compared with August. In addition, Hong Kong home prices
Car park space at “The Harbourside” asks for HKD3M
6 November 2014 - Hang Lung Properties (0101) will launch 147 car park spaces for sale at “The Harbourside” atop Kowloon Station next Saturday (November 15). The most expensive car park space in the offered batch is asking for HKD3 million. These car park spaces are located on different floors with prices ranging from HKD2.6 million to HKD3 millio
Martina’s Top 5 Hong Kong Hikes
An avid explorer and outdoorsperson, Martina shares her favorite routes and tips for great day trips in Hong Kong. Tai Long Wan Take advantage of the cooler weather and make the journey from Sai Wan Road in Sai Kung to one of the most beautiful beaches with the clearest waters in Hong Kong. Have lunch at one of the restaurants at Ham Tim Beach or
From Top 100 Asia Winner to Global Finalist
7 November 2014 – OKAY.com today announced that it has been selected as a candidate for Red Herring's 2014 Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far-reaching private technology companies and entrepreneurs from across the globe. Earlier this year, OKAY.com was recognized by Red Herring as one of the
Billion Group wins Pak Shek Kok site for HK$2.54 billion
5 November 2014 - Billion Group outbid 14 developers including Cheung Kong Holdings (0001) and Sino Land (0083) to win the last Pak Shek Kok seaview residential site for HK$2.54 billion. The offer is higher than forecasted market estimates. A tender for the site, which is located in the Tai Po area, failed in March this year despite seven bids hav
Consideration for residential sale and purchase agreements up 17.9% in October
4 November 2014 - The Land Registry's statistics for October 2014 state that the number of sales and purchase agreements for all building units received for registration in October was 7,967, a decrease of 0.4% month-on-month but increase of 71.4% year-on-year. The total consideration for sale and purchase agreements in October was HK$68.6 billion
Norman Chan: interest rate hike will greatly impact property market
3 November 2014 - During the meeting for the Legislative Council's Panel on Financial Affairs, Hong Kong Monetary Authority Chief Executive Norman Chan commented that it is only a matter of time before interest rates will start increasing in Hong Kong as a result of the US central bank ending its huge monthly bond purchase programme. Chan warns th
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