Residential Property
Hongkong Land posts $292m profit in 2022 H1
Hongkong Land posts $292m profit in 2022 H1
This is an improvement from $865m loss in the same period last year.
Property market to see ‘relatively’ strong, yet slower growth
Investment sales are expected to exceed $30b in 2022.
Orchard Bel Air on collective sale for $587.5m
The 36-storey site is on sale through public tender until 6 September.
Private home sales in mid-tier market jumps 44.4% QoQ in Q2
Both new sales and resale volume increased during the quarter.
HDB rents to rise by 16%-18% by yearend
Rents went up 18% year-on-year.
The Beaumont relaunched for sale for $468m
The property will be sold via public tender.
Average price of new luxury condos dips to $2,782 psf in Q2
This translates to a 1.1% decline from Q1.
New homes sold in mass market dip 16.6% QoQ in Q2
OrangeTee said the decline was due to the lack of new launches.
Foreign purchases of private homes soar by 102.8% in Q2
Most non-local buyers were from Mainland, China.
Auction listings soar by 47.5% QoQ to 118 in Q2
Almost half of the listings were recorded following the Fed’s interest rate hike in June.
Why buyers swarmed to secure a unit at AMO Residence?
The project sold over 98% of its units on the first day of its launch.
Outside Central Region’s (OCR) first major new launch, AMO Residence, was...
Chart of the day: Unsold private residential units increases in Q2
A total of 2,682 units were completed in Q2 2022.
Private residential prices to increase up to 8% in 2022
Prices already rose at a faster pace in Q2, rising 3.5%.
HDB sales dips 3.5% YoY in Q2 22
Quarter-on-quarter, it fell by 1.7% in the second quarter of 2022.
Prices of private residential properties jump 3.5% in Q2
This marks a faster pace of growth compared to Q1.
Property investment sales to grow by 15% to 20% for whole of 2022
This despite a 36.9% decline in sales value in Q2.
Rising interest rates cut by half acquisitions by S-REITs: analyst
In H1, SREITs posted a total acquisition value of $3.6b.
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