Looking for evidence that housing market in HK will stay flat or go down

[qhank]

Looks like lots of deposits being forfeited - WOW!



https://www.scmp.com/business/articl...gents-forecast

Hardly surprising since the market has gone done by more than 30%.

[freeier]

We have to see if any of the developers start going after the buyers with the fully signed S&P Agreement and elected to give up their deposits. Technically they are liable for any losses in market value since what they signed is purchase agreement instead of just a purchase option... In the past they have managed to get away fine as property prices were not falling and developers were wealthy...

[becomjapanHK]

This is just information on 1 building, from only 1 agent (so likely not the full picture for this building) and the number of empty units seems like many!!!!


This is Monmouth Villa in Mid-levels:






Cant imagine if this is replicated in many other buildings.



I hope whoever is renting out there, is negotiating very, very hard!!!

[becomjapanHK]

Developers dangle huge discounts

WOW - "...discounts, nearly 30 percent lower than that of nearby new homes launched more than two years ago."




https://www.thestandard.com.hk/secti...huge-discounts

[RobRoy]

This is just information on 1 building, from only 1 agent (so likely not the full picture for this building) and the number of empty units seems like many!!!!


This is Monmouth Villa in Mid-levels:






Cant imagine if this is replicated in many other buildings.



I hope whoever is renting out there, is negotiating very, very hard!!!

Crazy prices for that location, super inconvenient not close to any decent transportation. Either need to walk down past star street and then a long walk to Admiralty MTR or try to catch some minibus on Kennedy Road. And paying 50k rent for 962 sq ft in such a location, wow.

Edit: I see now its serviced apartments, that kind of explains it..

[er2]

Developers dangle huge discounts

WOW - "...discounts, nearly 30 percent lower than that of nearby new homes launched more than two years ago."




https://www.thestandard.com.hk/secti...huge-discounts

Property prices fall 30% across the board since 2002
Developers are pricing 30% lower for new launches

Shocked pikachu. Almost as if developers weren't able to just decide on prices without the buyers...

[becomjapanHK]

Yes, and developers will always try to protect the headline prices as much as possible.......so what the real discounts are and all the add-ins and bonuses that may be on offer I am sure are quite considerable.

[shri]

Looks like lots of deposits being forfeited - WOW!

Where retail buyers find out about calls / puts.

[Elefant&Castle]

The celebrity, who goes by the stage name G.E.M., bought two 2,480 sq ft units in Leon Court at Wong Nai Chung Gap Road in Wan Chai for a combined HK$85 million (US$10.9 million).

2480 sq ft is 230 m2 - so that is a combined 460m2?

https://archive.ph/EWgh0

[mpbk]

What is the news here? The size or the price of the apartment?