Category: Hong Kong

Hong Kong shares slide on property stamp duty hike

Hong Kong shares slide on property stamp duty hike

New property tax hikes, and the prospect of higher US interest rates following Trump’s victory, saw the Hang Seng fall to its lowest level since August. Summary: Hong Kong’s equity market closed at its lowest level for over three months on Monday (14th November) Property firms have now suffered four weeks of losses amid new… Read more »

Stamp duty raised for Hong Kong property investors

Stamp duty raised for Hong Kong property investors

The Hong Kong government has raised stamp duty on all home purchases to 15% – so should investors now focus on international property markets? Summary: Property investors in Hong Kong are now facing a rise in stamp duty to 15% on all real estate purchases The government introduced the new rates on 5th November in… Read more »

Hong Kong property fundamentals “slowing down”

Hong Kong property fundamentals "slowing down" With sales in the city falling 40% in the first half of 2016, investors continue to withdraw funds from Hong Kong's real estate market amid bleak outlook. Summary: Institutional investors have low confidence in the future of Hong Kong’s property market Sales of real estate in the city fell 40% in the first half of... Read more »

Hong Kong property sales fall 9% month-on-month in July

Hong Kong property sales fall 9% month-on-month in July

There is no market recovery on the horizon for Hong Kong, as property sales and rents continue to fall. Summary: Government data showed investment into the Hong Kong property market has fallen by 9% in a month and 35% year-on-year In the past six months of 2016, sales have fallen by 40% and industry experts… Read more »

Chinese developers reduce Hong Kong land purchases

Chinese developers reduce Hong Kong land purchases

12% falls in property prices since September has prompted developers from mainland China to pull back from striking deals in Hong Kong. Summary: Hong Kong land purchases by Chinese developers have slowed dramatically in the first half of 2016 Developers from the mainland have bid in just two of the eight residential land tenders so… Read more »

Hong Kong property sales down 11% year-on-year

Hong Kong property sales down 11% year-on-year

The Hong Kong property market is not set for a recovery in the near future, with Knight Frank predicting that prices could fall by a further 10%. Summary: The Hong Kong property market saw property sales fall by 11% in the last year Prices dropped for seven consecutive months, with mass residential prices leading the… Read more »

Will Hong Kong property prices plunge by a further 19%?

Will Hong Kong property prices plunge by a further 19%?

Economists believe the city’s real estate market will have to endure a fall more severe than during the global recession before cooling measures are lifted. Summary: Hong Kong property prices would have to dive another 19% before the government would consider lifting the market’s cooling measures Values have already dropped 13% since September and recently… Read more »