residential property market
Coverage of residential property market in the Nexus archive.
- Chinese immigrants emerge as pivotal players in Canada’s property market amid foreign ban
Mainland Chinese immigrants purchased an estimated C$5.7 billion in Canadian homes in 2023, becoming a key non-local investor group amid a ban on foreign homebuyers. The ban, extended until 2027, excludes students, foreign workers, and permanent residents.
- Hong Kong’s property market set to cool despite run of record-breaking deals
Hong Kong’s residential property market has regained momentum with record-breaking deals, but analysts predict a cooldown in the second half of the year due to a weaker stock market affecting investor sentiment. A five-bedroom flat at Sun Hung Kai Properties’ Cullinan Harbour in Kai Tak recently sold for a record HK$247.9 million.
- Caution on land tenders key to Hong Kong’s property recovery: analysts
Analysts advise Hong Kong's government to cautiously approach land sales to sustain the residential property market's recovery amid the Northern Metropolis development project. The government set a tender deadline for plots in the Hung Shui Kiu/Ha Tsuen New Development Area near the Chinese mainland border.
- Caution on land tenders key to Hong Kong’s property recovery: analysts
Analysts advise Hong Kong's government to adopt a cautious approach to land sales in the Northern Metropolis development zone to sustain the residential property market's recovery. The government set a tender deadline for several plots in the Hung Shui Kiu/Ha Tsuen New Development Area.
- Hong Kong property upswing poised to hold despite interest rates risk: Moody’s
Moody's Ratings reports that Hong Kong's residential property market recovery is resilient and unlikely to be derailed by potential interest rate increases despite Middle East conflict risks. The outlook is supported by demand from relocating professionals and rising rents, while office and retail sectors are showing signs of improvement.