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Hong Kong housing

Hong Kong housing
Latest news, features and analysis on Hong Kong housing, including policy and efforts to find a solution to the problem of a shortage of homes in the world’s most expensive property market.
Jeffrey Ngai's market value rivals that of Hong Kong boy band Mirror, according to entertainment industry insiders. Photo: Instagram/jeffreyngai
Hong Kong property

Hong Kong celebrity Jeffrey Ngai splashes out on US$16,000 rental home

The singer and actor recently moved into a Mid-Levels duplex near his friend, singer Tyson Yoshi, market sources say.

Starry Lee Wai-king

Make home ownership a 5-year plan goal, Legco president says

Hong Kong politics

5-year plan to boost livelihoods, concrete measures in policy address: John Lee

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Hong Kong’s Tai Po fire tragedy

75.8% of flat owners at block unscathed by Tai Po fire agree to sell

Housing Bureau says 188 households at Wang Chi House have signed sale and purchase agreements as part of buy-back scheme.

Wang Chi House was the only block to be spared the worst of the fire at Wang Fuk Court. Photo: Sun Yeung
Hong Kong

Operators of over 60% of subdivided flats apply for 3-year window to meet rules

Hong Kong housing chief Winnie Ho says applications as of Monday involved more than 70,000 subdivided units from about 20,000 complete flats.

Hong Kong property

SHKP clinches rare MTR station-top megaproject in Hong Kong’s Tuen Mun

Developer has now won two projects in the area, which combined are expected to deliver nearly 6,800 flats.

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Hong Kong’s Tai Po fire tragedy

Editorial | Deal reached on Wang Fuk Court flats clears the way for recovery

Resolving resettlement for most Tai Po fire victims now paves the way for the next essential step towards closure: full accountability.

Wang Chi House of Wang Fuk Court in Tai Po, as seen on August 31. The high take-up rate of the buyout offer is an endorsement of the government’s approach to help survivors rebuild their homes elsewhere. Photo: Sun Yeung
Hong Kong

Advocacy group urges Hong Kong to let residents tap pension savings for homes

Federation of Public Housing Estates says recent cuts to MPF administration fees make now an ideal time to relax withdrawal restrictions.

Hong Kong property

The block formerly known as Upper Prince: the saga of a troubled Kowloon project

Distressed 139-unit project has been rebranded as One Edward, as owners seek to move on after death of Lofter founder Carol Chow Pui-yin.

Hong Kong property

Sino Land profit rises 14% as property losses narrow, but core earnings fall

Developer adds to land bank despite pressure on mall rents, as e-commerce and outbound travel reshape Hong Kong’s retail market.

Daryl Ng Win Kong, chairman of Sino Land, speaking after one of the company’s annual general meetings. Photo: Handout
Hong Kong

Subdivided-flat registration rate at 42.5% as ‘early bird’ phase deadline passes

Industry observers say ownership complications and low awareness have slowed landlords’ applications under new housing regulations.

Subdivided flat resident Mr Cheung at his home in Sham Shui Po. Photo: Sun Yeung
Hong Kong courts

Hong Kong government loses appeal over Fanling golf course housing plan

Court of Appeal’s ruling is likely to result in fresh public consultations on developing 9.5 hectares of land at Fanling course.

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Hong Kong’s Tai Po fire tragedy

Hong Kong gives 45 Wang Fuk Court holdouts final call on buyout scheme

As of noon on Sunday, 1,939 of estate’s 1,984 flat owners have submitted acceptance letters, while 77.7 per cent have signed sale and purchase agreements.

Urban planning

Editorial | Hong Kong is right to harness market forces for urban renewal

Plot ratio concessions will encourage developers to rebuild older properties, realigning commercial interests with the city’s development needs.

An old residential building in San Po Kong, Hong Kong. Buildings aged at least 50 doubled to 10,200 between 2014 and 2023, and are projected to surge by 138 per cent to 24,300 by 2043. Photo: Edmond So
Hong Kong’s Tai Po fire tragedy

Why some Wang Fuk Court owners have refused buy-back deal even as deadline nears

While acquisition price for flats at fire-ravaged estate is seen as generous, about 3.5 per cent of homeowners have not accepted offer.

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Some Wang Fuk Court homeowners say Hong Kong’s buy-back offer cannot compensate for the loss of their homes, memories and community. Photo: Sam Tsang
Hong Kong property

Hong Kong home prices slip amid worries over Beijing’s tax clampdown

Housing rally stalls in July as tax risks curb demand, analysts say, raising doubts over market’s near-term outlook.

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Hong Kong property

As more expats flock to Hong Kong, luxury home rents poised for further upswing

The top source of foreign finance executives moving to Hong Kong is coming from Europe and the US, says relocation firm.

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Hong Kong economy

JD.com boosts Northern Metropolis logistics hub, but hurdles loom: experts

Mainland Chinese e-commerce giant is part of a consortium that won the first ‘large-scale land disposal’ project in the Northern Metropolis.

JD.com is part of a consortium that will develop land in Hung Shui Kiu. Photo: Dickson Lee
Hong Kong property

Hong Kong housing rally faces test as property flippers retreat

Secondary home prices are the highest in three years, but July short-term trading of those held for less than a year was half the level seen in March.

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Hong Kong economy

Heavyweights give Northern Metropolis vote of confidence with HK$1.03b land win

Six-company consortium awarded tender for 10.5-hectare project in Hung Shui Kiu, with total investment of HK$16.8 billion expected.

Hong Kong property

Hong Kong homebuyers snap up units at weekend as value-focused demand deepens

The Sterling residential development drew 46,000-plus subscriptions, highlighting appeal of urban locations with strong transport links as housing recovery matures.

China Resources Land’s The Sterling in southwest Kowloon sold all 180 units offered in its first price-list batch. Photo: Facebook
Hong Kong economy

Opinion | Hong Kong must abandon superiority complex over mainland China

The city’s future lies in discarding the prejudice that has clouded its judgment to embrace mainland success and align with the national trajectory.

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Many Hongkongers now prefer to spend leisure time in Shenzhen, which offers attractive places to relax like Jingtian Coffee Street, April 7. Photo: Sun Yeung
Hong Kong economy

Macroscope | What’s so bad about a planned Hong Kong economy? Just look at Singapore

Dismissing economic planning out of hand is a mistake. The market does not always get it right.

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Hong Kong society

Hong Kong’s rare plot incentive will help resurrect decaying districts: analysts

Bonus plot ratio pilot scheme, which is intended to expedite private redevelopment in seven old districts, to be launched next month.

Hong Kong property

Henderson Land posts 66% profit surge after run of strong sales

The Hong Kong developer plans to launch eight new residential projects in the second half of the year.

A view of Henderson Land’s The Henley project. Photo: Dickson Lee
Hong Kong politics

Opinion | How has John Lee’s ‘new chapter’ for Hong Kong promise held up?

As the chief executive works on both his policy address and a five-year plan for the city, more boldness, reforms and innovation are needed.

John Lee Ka-chiu at an chief executive election campaign rally at the Hong Kong Convention and Exhibition Centre on May 6, 2022. Photo: Felix Wong
Hong Kong property

Northern Metropolis: Hong Kong homebuyers flock to flats launch

More than half of the 82 units available at Park Silicon in Kwu Tung were sold, signalling a positive shift in the city’s property market.

Hong Kong society

Subdivided flat residents suffering in heat that feels like 52 degrees: study

Survey of 86 households across nine districts finds 80 per cent of people living in such homes reported dizziness and headaches.

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