HK - Housing 04 (Apr 16 - Jun 24)

Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Fri Apr 28, 2017 2:23 pm

Hong Kong to add 96,000 homes over the next three years, but will they halt runaway housing prices?

The supply of new private housing will increase by 2 per cent to a record 96,000 units over the next three years, according to government data, but the new properties will do little to cap the record prices of housing in the city

Source: SCMP

http://www.scmp.com/property/article/20 ... ay-housing
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Mon May 22, 2017 8:05 am

Mortgage screws tightened on HK home buyers, down payment raised by 10pc

Residential property buyers planning to borrow to finance their flats face further hurdles imposed on lenders from today.

Borrowers for a second-home mortgage will have to fork up 10 percent more in down payment, the Hong Kong Monetary Authority said today, announcing a new round of restrictions on the residential property market.

Those earning an income outside Hong Kong will also face restrictions on borrowing to buy flats.

Also, lenders are required to put aside more capital in reserves for new mortgage lending.

Property prices increased by 4 percent between December and March this year, while overall flat prices in March exceeded the 1997 peak by 85 percent, the acting government economist said last week.

The HKMA chief executive, Norman Chan Tak-lam said in an announcement, the measures are being imposed as the risk of overheating in the property market continues to increase.

"According to the latest statistics of the Rating and Valuation Department, property prices in March have surpassed the recent peak recorded in September 2015.''

He said the residential transaction volume has increased by more than double from about 3,300 in January to about 7,000 in April.

"Meanwhile, the keen competition for mortgage business in the banking sector has heightened the risk of overheating in the property market, and weakened the resilience of banks to cope with a downturn in the market,'' he cautioned.

Source: The Standard
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby behappyalways » Tue May 23, 2017 1:49 pm

Awash in Liquidity, Hong Kong Makes Splashing Sounds
https://www.bloomberg.com/gadfly/articl ... ing-sounds
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby behappyalways » Tue May 30, 2017 10:53 am

Hong Kong's throngs of thousands defy bid to cool housing market
http://www.theedgemarkets.com.sg/hong-k ... ing-market
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Tue May 30, 2017 8:33 pm

Beware the big impending Hong Kong property bust

Michael Chugani says this is last chance for Leung Chun-ying to make an impact on overheated property market and leave at least one legacy

Source: SCMP

http://www.scmp.com/news/hong-kong/arti ... perty-bust
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Thu Jun 01, 2017 7:30 am

Hong Kong home prices rise for 13th month to surpass 2015 record

Buyers are still turning up in droves for new property launches, despite the government’s efforts to curb prices

Source: SCMP

http://www.scmp.com/property/hong-kong- ... h-straight
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Sat Jun 03, 2017 11:08 am

Is Hong Kong’s property market heading for its biggest crash since 1997?

Property prices have surpassed the previous peaks in 2015 and 1997, but analysts say the fundamental conditions supporting this boom are sound

Hong Kong’s average April home prices jumped 20 per cent from a year ago, making the city the world’s most expensive residential market.


The city’s average mortgage rate is 2.15 per cent, a fraction of the 11.25 per cent in 1997


“The loan-to-value ratio is now 40 per cent or 50 per cent according to the new measures restricted by the HKMA,” said Joseph Tsang, managing director of JLL Hong Kong.

“In 1997, buyers could borrow more than 80 per cent” of the value of their property, he said.


Source: SCMP

http://www.scmp.com/business/article/20 ... 1997-crash
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Fri Jun 09, 2017 9:11 am

Hong Kong home prices seen falling by half in 10 years, says Deutsche Bank

Home prices in Hong Kong could fall by nearly half over the next 10 years as a rapidly ageing population coupled with rising supply of new flats will dent demand, according to a report by Deutsche Bank.

“We expect only 11.5 per cent of total households will be able to afford an average private housing unit by 2019 from the current level of 16.9 per cent.


“We estimate total housing demand of 338,314 in 2017 to 2026. This compares with new supply of 429,296 over the same period. We expect a private housing supply surplus of 93,781 in 2017-26”





Source: SCMP

http://www.scmp.com/property/hong-kong- ... years-says
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Tue Jun 13, 2017 5:04 pm

Building houses atop container terminals isn’t such a crazy idea

Chow Ming-kuen, former president of the Hong Kong Institute of Engineers, has suggested that Hong Kong should explore residential development on top of the city’s container terminals. This idea has never been tested anywhere in the world, but it might be feasible.

Our Hong Kong Foundation, a non-governmental think tank led by former Hong Kong chief executive Tung Chee-hwa, has released a report entitled “From Large-Scale Reclamation to an Ideal Home”.

The report suggests relocating the Kwai Chung container terminal to south of Cheung Chau, and that the original site be used for residential development to build more than 100,000 flats.

However, reclamation and relocation of one of world’s busiest container terminals might take years, if not decades. That will be of little help in solving the pressing housing shortage issue.

Instead, Chow made a bold proposal that the city could build houses on top of the existing container terminals.

Nobody has ever done this but technically, this is possible. In fact, that is what innovation is all about.

Back in the old days, building skyscrapers on top of subway stations was also considered a novel idea. Initiated by New York as the overcrowded city struggled to provide housing for constantly rising population, the development model has now become standard in Hong Kong.

Many of Hong Kong’s housing estates are built on top of complicated railway facilities. There are high-speed trains passing underneath these housing developments almost every minute.

By contrast, a container yard is designed for piling containers, and erecting houses over them should be relatively simple.

Still, two main issues need to be solved. First, the Kwai Chung container terminal operates 24 hours a day. And it would definitely create noise, light and air pollution.

Second, there are nine piers and 24 berths in the container terminal, which has a land area of 279 hectares. It’s now operated by five container terminal operators.

If the plan really goes ahead, how should the economic benefits be shared? That is something that needs to be examined.

That said, creative solutions are worth exploring.

Source: EJ Insight

http://www.ejinsight.com/20170613-build ... razy-idea/
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Re: HK - Housing 04 (Apr 16 - Dec 17)

Postby winston » Thu Jun 22, 2017 6:33 am

BOCOM Int'l (3329) expects Hong Kong property prices to fall 30 percent in six to 12 months

Reasons include increasing supply, lower rents, slower liquidity inflow into Hong Kong, possibly more tightening from the Hong Kong government, and rate increases following US rises which may cause liquidity outflow.

Source: Dr. Check, The Standard
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