On the Market:

Properties for sale and lease

December is one of the most festive months of the year. Whether you’re getting ready to travel abroad to your loved ones or you plan on staying in Hong Kong to host a full feast of food, it’s also the month where “home” means something rather special – particularly in a place like Hong Kong where words like “liveability” and “affordability” are constantly the talk of the town. After this year’s Government Policy Address, which relaxed the eligibility requirements for mortgages intended to help first-time homebuyers, the market shook between HK$6 and 7 million. The cap on property value under the Mortgage Insurance Program was raised to allow first-time buyers to obtain as much as 90 percent of the property value for dwellings under HK$8 million; and the cap for apartments eligible for mortgages of up to 80 percent will be similarly raised from HK$6 million to HK$10 million.

On the leasing side, the rental market has been rather resilient, especially within the mass market and with a continuous lack of supply; 2020 will be an interesting year for Hong Kong in terms of affordability and availability in the market. It’s likely to be a good opportunity for investment. Still, whether you’re looking to lease, list, buy or sell, we’re ready to give a helping hand.

Happy Holidays!