Residential Property
With luxury site losing appeal, mass residential sites gain traction amongst developers
This as interest in acquiring luxury residential sites declined.
With luxury site losing appeal, mass residential sites gain traction amongst developers
This as interest in acquiring luxury residential sites declined.
Property sales rise by 24.2%
More than 4,400 sale and purchase agreements were recorded in January.
Swire Properties buys 40% stake in premium residential site in Bangkok
The transaction was worth HK$570m.
Housing Bureau picks 4 more sites to build light public housing units
The bureau now has eight sites for the project.
Private flat supply pegged at 105,000 units in next 3-4 years
The figure is 10,000 more than the previous estimate.
Home price index slips by over 2% in December 2022
Price index stood at 332.5, the Rating and Valuation Department reported.
Real estate investment volumes in APAC to fall 5%-10% in 2023
In 2022, volume declined by 25%.
Border reopening bodes well for investment sentiment in residential market
A potential influx of professionals from Mainland China could boost buyer profiles for the luxury market.
Residential transaction volume to rebound in H1 2023
Developers are also expected to place their units for sale.
Buildings dep’t approves 13 plans in November
It also gave the green light to start works on 11 building projects.
‘Subdued’ market sentiment speeds up home prices decline: report
Mass residential capital values dropped by 3.1% MoM in December, JLL said.
Residential prices to ‘bottom out’ in Q1 2023
This is due to a positive economic outlook.
PwC resigns as China Evergrande Group auditor due to disagreements
The resigned auditor did not receive significant matters in the financial statements.
Lands Department to acquire land near Yuen Long
The agency will develop it for public housing.
Interest rate hike cycle dims mass residential market outlook
Residential transaction volume was down 39.4% YoY in 2022.
Property transaction volumes hit lowest level in 10 years
There were only 101 big deals concluded in 2022.
Residential transactions in GBA to pick up by 20%-25% in 2023
In 2022, the GBA saw a 35% YoY decline in transactions.
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Commentary
Ginza-style commercial building in neighbourhood areas attracts local consumption