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One in four Hongkongers can’t ever afford a home, as a micro flat sells for another record price

2018-03-20 scmp
A 209 sq ft unit was sold for HK$37,651 per square foot, setting a record for the micro-apartments in the city.

Residents of Hong Kong’s Kennedy Town complain about surge of luxury flat building

2017-10-31 scmp
A survey finds residents worry about the loss of a community spirit and local shops as well as affordability as new developments push home prices up

A Tesla Would Barely Fit Into This $500,000 Hong Kong Apartment - Bloomberg

2017-10-05 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

HK micro-apartment costs US$500,000, size of a car

HONG KONG: Fancy an apartment the size of a Tesla Model X? That’s about 161 square feet — and the size of a Hong Kong micro-apartment sold by property giant Henderson Land Development Co. for just less than $500,000. An actual Tesla Model X in Hong Kong starts at around $150,000. As Hong Kong housing prices reach new highs and keep the city the most unaffordable for housing in the world, developers including billionaire Li Ka-shing’s Cheung Kong Property Holdings Ltd.

Minmetals buys record HK$4 billion site in Yau Tong

2016-08-03 scmp
Hong Kong-listed mainland developer Minmetals Land has paid HK$7,000 per square foot for a residential site in Yau Tong, a record price for a traditional industrial area.

Hong Kong overall propery sales fall 11.3pc in July

2016-08-02 scmp
Overall property sales in Hong Kong fell 11.3 per cent last month from June — but industry experts still expect buyer interest to improve, driven by positive sentiment which is encouraging more developers to speed up their marketing of new projects.

Sun Hung Kai Properties offers 120% mortgages in Hong Kong

2016-06-16 www2.theedgemarkets
(June 16): Sun Hung Kai Properties Ltd, Hong Kong’s largest developer by market value, is offering mortgages worth as much as 120% of a home’s value at one of its projects as sales have slumped in the city.

Buy a luxury flat for only HK$1.2m downpayment? Henderson Land’s 95pc home mortgage scheme offered at Mid-Levels project

2016-05-10 scmp
A luxury residential project in West Mid-Levels will only require buyers at presale to put down a 5 per cent initial deposit, or HK$1.2 million, for a home worth HK$24 million.

Hong Kong sees spurt in negative-equity home owners as property prices tumble

2016-01-29 scmp
The number of Hong Kong homeowners who owe more than the value of their property has shot up for the first time in nearly a year and a half as property prices fall faster than expected amid a market turmoil while new flat supply is set to climb to an 11-year high.