Spacious
1,000+ Reviews
Install

Weekly Round-up: Strong September Fuels Optimism In The HK Housing Market; Bubble Risk Remains In HK Property Market

Hong Kong Property | October 7, 2016

Weekly Round-up by Clarke Illmatical

Hong Kong Home Prices May Rise 5% Next Year — Some HK analyst predict that the Hong Kong housing market will start moving in 2017. A number of buyers have moved back into the market after an abysmal first quarter when prices plunged 7%. — SCMP.com

Hong Kong and Singapore Property markets diverge — A Bloomberg.com article reports that while home prices in neighboring Singapore continue to fall, prices in Hong Kong have surged. Singapore’s home vacancy rates are at their highest in 11 years. Experts still believe Hong Kong is “at risk of a bubble.”

Singapore. Image from: David Russo.
Singapore’s home vacancy rates are at their highest in 11 years. Image from: David Russo.

Chinese Buyers Returning To Hong Kong Housing — Mainland buyers interested in offshore assets is driving sales. Mainland Chinese buyers are looking to Hong Kong due to increased pricing in Chinese cities, fears of a weaker yuan and as long-term investments. — Bloomberg.com

6 Global Cities That Could Be In A Housing Bubble — A CNN Money article listed Hong Kong as one of six cities in a bubble-risk territory. Incomes remain flat creating affordability issues. London, Sydney and Vancouver, all popular cities with Asian overseas investors, also made the list.

London is one of the city with 'bubble'. Image from barnyx.
London is one of the cities with risk of bubble in the property market. Image from barnyx.

Kerry Properties To Pay HK$7.3 billion For Hong Kong Land Site — Kerry Properties Ltd. outbid Cheung Kong Property Holdings Ltd. and Sun Hung Kai Properties Ltd. with an HK$7.3 billion offer for government land in the Ho Man Tin district of Kowloon. — Bloomberg.com

Property Market Rise Adds To Hong Kong Banks’ Latent Risks — A Moodys.com article mentions that a Hong Kong property market rebound is negative for the territory’s bank. Moody’s analyst are concerned with higher latent risks in mortgage underwriting as competition pressures loan writing.
Visit Spacious.HK for insights on Hong Kong apartments, housing and property investment.

Recommended Articles

13/7 News Roundup: 'King of Shops' Bought Tuen Mun New Project with HK$1.2b, Alto Residences Launched 61 Flats

Hong Kong Property | July 13, 2017

5/26 News Roundup: 8 Bids Drawn for Kam Sheung Road Project, Ocean Pride Received 14,500 Subscriptions

Hong Kong Property | May 26, 2017

17 Oct 2016: Property News Roundup: New Projects Heat Up and Price Up, Tsueng Kwan O's Parking Lot Sells at HK$213m

Hong Kong Property | October 17, 2016

Subscribe to Our Blog

Stay up to date with the latest property news and insights.