HK - Housing 04 (Apr 16 - Jun 24)

[winston]

Nan Fung has sold all of its more than 300 residential units in Tuen Mun

The number of applications was 10 times the units offered as users just wanted to buy their own flats as rents rise.

Keep holding local developer's stocks and Midland Realty (1200).

Source: Dr Check, The Standard

[winston]

Local residential properties can still provide a rental yield of about 2 to 3 percent.

Over the weekend, 446 new flats were sold, the highest volume in eight months.

Prospects for local developers look bullish.

Source; Dr Check, The Standard

[winston]

Hong Kong’s ‘frothy’ housing market could become a major problem

by ELENA HOLODNY MAR

Home prices in Hong Kong have fallen by about 10% since their September 2015 peak

Source: Business Insider

http://www.businessinsider.my/hong-kong ... Cpa6CDW.99

[winston]

Nearly 19,000 HK residents moved out of the city in a year: govt

Nearly 19,000 Hong Kong residents opted to leave the city over the past year, compared to a net inflow in the previous year, official data released on Thursday showed.

According to the Census and Statistics Department, 18,900 people chose to leave Hong Kong in the year to mid-2016, compared to a net inflow of 1,100 persons recorded a year before.

The inflow figure excludes One-way Permit holders, who recorded a 23 percent jump in the past year at 46,700.

Hong Kong’s total population was estimated at 7,346,700 at mid-2016, representing an increase of 41,000 or 0.6 percent from the level a year ago.

The growth, however, marks a slowdown from the 0.8 percent expansion pace recorded in the year before.

The natural increase of the population from mid-2015 to mid-2016 amounted to 13,200, with 59,800 births and 46,600 deaths.

Though the overall population is up, experts are concerned about the phenomenon of Hong Kong residents leaving the city in greater numbers.

As more people leave, there are fears that it could worsen the problem of population ageing and lead to various adverse consequences.

Professor Paul Yip Siu-fai from the Department of Social Work and Social Administration of the University of Hong Kong pointed out that Hong Kong’s overall population was up only slightly.

The population quality could suffer due to a rise in the number of people moving out of the city, Yip told Sing Tao Daily.

At the moment, population growth depends largely on the intake of new immigrants from mainland China, he noted.

Chung Kim-wah, an assistant professor in the Department of Applied Social Sciences at Hong Kong Polytechnic University, said deteriorating governance and social tensions could be the reasons why some high-income and well-educated people are opting to leave Hong Kong.

The city will face problems related to population ageing, he warned.

Benny Cheung Ka-hei, director of Goldmax Immigration Consulting, told Sing Tao that there has been a significant rise in emigration bids by Hong Kong residents.

His firm has on average been handling one application each day in the past six months, compared to only three cases per week last year, Cheung said.

Most applicants are middle-class families and couples aged between 35 and 45.

The people are opting to move to places such as Canada, Australia and the United States as they seek educational opportunities for their children and also a better political and social environment.

Source: EJ Insight

http://www.ejinsight.com/20160812-nearl ... past-year/

[winston]

Amid Influx of New Homes, Prices in Hong Kong Should Fall, Report Finds

But last month, sales decreased by 8% and prices stayed stable

BY BEVERLY WEINTRAUB

Source: Mansion Global

http://www.mansionglobal.com/articles/3 ... port-finds

[winston]

Paul Chan: Severe Shortage in Property Market Not To Occur Any More

During an interview with RTHK, Secretary for Development Paul Chan said the government will keep on having land auction steadily, and he is confident that the target of providing 18,000 private flats within this year can be met.

He emphasised that there will not be any more severe shortage in the property market, and reminded buyers to be aware of the risk, and assess their own financial ability before purchases.

He also said the property price is still far beyond the affordability of the members of public, so now is definitely not the time to cancel the "double spicy measures" (being double stamp duty [DSD] and the special stamp duty [SSD]) in the property market.

Source: AAStocks Financial News

[behappyalways]

樓市熾熱　
新東樓價單月升5%　
九龍連升4周　近兩年首見
http://hk.apple.nextmedia.com/financees ... 7/19750825

[winston]

HK land prices rocket as developers return to acquisition spree

Three recent plots sold for 20 to 35 per cent premium as sentiment returned to the residential market

Source: SCMP


http://www.scmp.com/property/hong-kong- ... tion-spree

[winston]

Hong Kong home prices rise for 4th straight month in July - govt index

By Venus Wu and Joy Leung

Source: Reuters

http://www.reuters.com/article/hongkong ... SL3N1BC3F8

[behappyalways]

樓價收復今年失地　
差估署：7月升1.9%　連漲4個月
http://hk.apple.nextmedia.com/financees ... 1472730054