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HK Foreclosures Hit Record High, Break 2008 Financial Crisis Peak | HK Weekend Property Market Recap
As housing prices fall, the number of foreclosed properties is rising. According to Centaline’s statistics, foreclosures surged to 344 units in August, breaking the record set during the 2008 financial crisis, and reaching a 17-year high.
Over 40% of these foreclosures are linked to finance companies. However, Louis Chan Wing-kit, Asia Pacific vice chairman of the residential division at Centaline, notes that the current market challenges are not as severe as during the financial crisis, when property prices plummeted by 23% in just nine months.
The total value of the 344 foreclosed properties exceeds HK$3.5 billion, with newer developments being especially hard-hit.
For example, small units of around 200 square feet in Ocean Camino in So Kwun Wat and K.Summit in Kai Tak have also fallen into foreclosure. Some luxury properties have also defaulted, including a adjoined unit over 2,000 square feet at One SilverSea in Tai Kok Tsui, currently listed for over HK$50 million.
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Переглядів: 1 026

Відео

何文田VAU Residence|頂層天台特色戶|九龍城校網
Переглядів 7 тис.14 годин тому
VAU Residence屬於單幢式住宅,同時設有頂層天台特色戶。由於特色戶有較細的實用面積單位,其價格及單位面積較適合單身人士及小家庭。住宅會所設在3樓全層 ,會所裝飾設計舒適 ,會所有室內和室外的設施提供給住客,分別有自費和免費項目。住宅位於名校網區,有一定的吸引力,我們也為大家帶來一些升中的資料,希望大家都能了解多些校網的重要性。住宅周邊設有多間關於竉物店鋪,適合喜愛飼養動物的住客。 如果大家有咩樓盤想知多啲,記得留言話俾我哋知📢!! [記得幫手like👍我哋嘅Facebook同訂閲🛎UA-cam channel啦,仲要將squarefoot專頁設定為"搶先看/See First🧐"]📱 #squarefoot #5平方#何文田#VAU Residence#豪宅#頂層天台特色戶#旺角站#旺角東站#住宅會所
HK Developers Respond to Impending Rate Cuts | HK Weekend Property Market Recap
Переглядів 38921 годину тому
Turning our attention to the US, Federal Reserve Chair Jerome Powell stated at the central bank’s annual Jackson Hole meeting that “the time has come” to cut interest rates. This marks his strongest signal yet of a potential interest rate cut, seemingly setting the stage for the September Federal Open Market Committee (FOMC) meeting to initiate a rate-cutting cycle. In response, some developers...
The Center Sale Loses $72M in 5 Years | HK Weekend Property Market Recap
Переглядів 50314 днів тому
Valuations in the commercial property market have declined. One notable example involved a transaction in The Center. This was a unit on the 22nd floor, which recently sold for HK$42 million, or HK$13,000 per square foot. Originally purchased by a factory owner from an investor in 2019 for over HK$100 million, this resale resulted in a loss of HK$72 million. Any topics you want us to cover? Lea...
THE PEAK Tour: $90,000,000 Apartment in Hong Kong’s Most Expensive Place to Live
Переглядів 51 тис.21 день тому
Today on Squarefoot, we explore a beautifully renovated HK$90 million apartment in Eredine, a colonial-style building established in 1965 on The Peak-Hong Kong's most prestigious and one of the world's most expensive residential neighborhoods. This three-bedroom, three-bathroom residence boasts European-style interiors and breathtaking views of the Southside. The chic entrance leads into a spac...
Hong Kong housing prices hit 8-YEAR LOW | HK Weekend Property Market Recap
Переглядів 1,4 тис.Місяць тому
Hong Kong housing prices have been declining for two consecutive months, hitting an eight-year low. According to data from the Rating and Valuation Department, the Private Residential Price Index for June stood at 301.8, down 1.24% month-on-month. This decrease has erased all gains made since the lifting of property cooling measures in February, bringing prices back to October 2016 levels. Comp...
比華利山別墅獨立洋房|環山抱水 遠眺觀音|飽覽雙海景吐露港 船灣海
Переглядів 14 тис.Місяць тому
比華利山別墅位於大埔三門仔路,具有高名氣的豪宅區,一直深受名人喜愛的聚居地。比華利山別墅內部規劃完善,屋苑保安嚴密,會所設施齊全。屋苑內有多條行人大街,提供戶外休憩處,行人路與車輛道路分隔開,居民可自由活動和聚會,締造適合一家大小共聚天倫的生活環境。每間獨立洋房外型設計各有特式,配合街道的裝飾,歐陸風情為主題,每間獨立屋內裏裝飾各有不同風格。 如果大家有興趣或者想了解更多關於物業的資訊 可以聯絡:美聯物業代理有限公司 物業代理: 黃滿兒 Mooney Wong 高級客戶經理 聯絡電話: 9218 8487 如果大家有咩樓盤想知多啲,記得留言話俾我哋知📢!! [記得幫手like👍我哋嘅Facebook同訂閲🛎UA-cam channel啦,仲要將squarefoot專頁設定為"搶先看/See First🧐"] 📱 #squarefoot #大埔#比華利山別墅#豪宅#獨立屋#大埔超級城...
Gold Coast Bay The Uppland to Sell More Units From $2.2M | HK Weekend Property Market Recap
Переглядів 441Місяць тому
The first batch of units at Gold Coast Bay The Uppland, launched last Saturday, sold out all 188 units. The low prices clearly attracted buyers, prompting the developer to release a new batch of units this coming Saturday. The new batch includes 139 units, ranging from about 200 to 650 square feet in size, featuring studios to three-bedroom units. The discounted prices range from about HK$2.2 m...
ONE STANLEY House Tour: Rare New Ultra Luxury Home in Southside Hong Kong! 赤柱臨海豪宅 歐陸海濱渡假風
Переглядів 17 тис.Місяць тому
Today on Squarefoot, we explore One Stanley, a rare new ultra-luxury seaside development overlooking the Southside. Designed by renowned architect Robert A.M. Stern, it has been described as Stanley's biggest project in the last twenty years. Inspired by the coastal hillside villages of the Mediterranean, the facade features limestone imported from Portugal, blending traditional and modern desi...
Secret Garden House Tour: Hong Kong's $39 Million Nature Retreat
Переглядів 4,2 тис.2 місяці тому
Today on Squarefoot, we explore a luxury retreat ensconced in the mountains of Mui Wo, a quiet seaside town on Lantau Island. Just a 30-minute ferry ride from Central, this retreat is tucked away and easy to miss. Accessed via discreet stone steps on Fu Kong Shan Road that wind up the mountainside, it exudes secluded charm. Priced at HK$39 million, the villa boasts four bedrooms and three bathr...
Des Voeux W Residence Sells 80% of Its Flats | HK Weekend Property Market Recap
Переглядів 5722 місяці тому
While the first phase of The Pavilia Forest gears up for launch, smaller new projects have already started selling in July. Des Voeux W Residence in Sai Ying Pun put 81 units up for sale on Monday and successfully sold 65, accounting for about 80% of available units, with all two-bedroom units sold out. To maintain sales momentum, the developer has launched a third price list, including 2 two-b...
CK Asset Tops Mid-Year Revenue for Property Developers | HK Weekend Property Market Recap
Переглядів 3072 місяці тому
Sun Hung Kai Properties and CK Asset are neck and neck, each attracting around HK$15 billion. However, compared to the same period last year, their sales trends differ significantly. Sun Hung Kai’s sales dropped by 7% year-on-year, while CK Asset's sales surged fourfold. Sun Hung Kai also reported that the sale of Dynasty Court in the second quarter brought in around HK$3 billion for the group,...
A $250 MILLION Luxury Garden Villa in Sai Kung, Hong Kong | House Tour
Переглядів 5 тис.2 місяці тому
Priced at HK$250 million, this exceptional villa is nestled in the mountains of Sai Kung on a site of over 18,000 square feet making it one of the largest homes in the “back garden of Hong Kong”. It features a four ensuite bedrooms, a rooftop garden, a swimming pool, and a sprawling 14,000 square foot garden with panoramic sea views, creating a lush oasis. High ceilings create an open feel, whi...
Shock Snub: CK Asset's Anderson Road Presale DENIED | HK Weekend Property Market Recap
Переглядів 3662 місяці тому
CK Asset applied for pre-sale consent for their starter home project at Anderson Road in Kwun Tong in March. However, the Lands Department rejected the application, citing it as premature. The refusal was due to the developer's inability to provide an Occupation Permit and a pre-sale schedule, as required by the land lease terms. According to the land sale terms, developers must obtain an Occup...
馬灣珀麗灣頂層特式戶|平台按摩浴池|飽覽雙橋美景|市區的士24小時於馬灣行駛
Переглядів 17 тис.2 місяці тому
馬灣珀麗灣頂層特式戶|平台按摩浴池|飽覽雙橋美景|市區的士24小時於馬灣行駛 馬灣珀麗灣帶給人有一種神祕感覺,居苑內一直追求環保概念,維持特定規則,限制車輛外進。今次能實地觀察,同時感受到居民的生活節奏和環境氣氛,實在有其吸引力。在新政策下,對市區的士的放寬,可讓的士24小時在指定區域行駛,使居民生活方便,同時可保持原有的理念。珀麗灣屬低密度設計,加上四面環海,取得一定的景觀優勢,而今次最難得是我們有機會參觀的特式戶屬於少數量的單位。 如果大家有興趣或者想了解更多關於物業的資訊可以聯絡: 美聯物業代理有限公司 物業代理: 艾麗娜 Nancy Ngai 高級客戶經理 聯絡電話: 5118 8464 物業代理: 劉嘉威 KK Lau 高級客戶經理 聯絡電話: 9145 2285 如果大家有咩樓盤想知多啲,記得留言話俾我哋知📢!! [記得幫手like👍我哋嘅Facebook同訂閲🛎UA-c...
The Haddon reveals price list, starts at HK$19,000 per sqft | HK Weekend Property Market Recap
Переглядів 3163 місяці тому
The Haddon reveals price list, starts at HK$19,000 per sqft | HK Weekend Property Market Recap
Inside a $130,000 Per Month Sea View Penthouse | Waterfront Suites
Переглядів 2 тис.3 місяці тому
Inside a $130,000 Per Month Sea View Penthouse | Waterfront Suites
Novo Land’s first bank-owned unit sold at $5M discount | HK Weekend Property Market Recap
Переглядів 3133 місяці тому
Novo Land’s first bank-owned unit sold at $5M discount | HK Weekend Property Market Recap
15 homebuyers cancel deals at #Lyos | HK Weekend Property Market Recap
Переглядів 7013 місяці тому
15 homebuyers cancel deals at #Lyos | HK Weekend Property Market Recap
Hong Kong developers speed up new home sales at heavy discounts | HK Weekend Property Market Recap
Переглядів 6213 місяці тому
Hong Kong developers speed up new home sales at heavy discounts | HK Weekend Property Market Recap
The YOHO Hub II Sale Begins: Prices Drop to 7-Year Lows | HK Weekend Property Market Recap
Переглядів 5003 місяці тому
The YOHO Hub II Sale Begins: Prices Drop to 7-Year Lows | HK Weekend Property Market Recap
西貢相思灣獨立屋|鄰近綠蛋島|全屋古典懷舊家具
Переглядів 8 тис.4 місяці тому
西貢相思灣獨立屋|鄰近綠蛋島|全屋古典懷舊家具
All 260 new flats at Ho Man Tin sold out | HK Weekend Property Market Recap
Переглядів 4334 місяці тому
All 260 new flats at Ho Man Tin sold out | HK Weekend Property Market Recap
An Art-Filled Home in Mid-levels Central, Hong Kong | House Tour
Переглядів 8 тис.4 місяці тому
An Art-Filled Home in Mid-levels Central, Hong Kong | House Tour
HK developers continue to launch new projects | HK Weekend Property Market Recap
Переглядів 3494 місяці тому
HK developers continue to launch new projects | HK Weekend Property Market Recap
Tour A Japanese Style Houseboat in Aberdeen Fishing Village | 2,100 sq ft boat tour
Переглядів 1,7 тис.4 місяці тому
Tour A Japanese Style Houseboat in Aberdeen Fishing Village | 2,100 sq ft boat tour
The Fed might raise rates again | HK Weekend Property Market Recap
Переглядів 3674 місяці тому
The Fed might raise rates again | HK Weekend Property Market Recap
HK property market buzz before Park Seasons launch | HK Weekend Property Market Recap
Переглядів 5184 місяці тому
HK property market buzz before Park Seasons launch | HK Weekend Property Market Recap
The Stellar酒店服務式住宅|專人為你執房|共享空間共享廚房|鄰近多間餐廳
Переглядів 85 тис.5 місяців тому
The Stellar酒店服務式住宅|專人為你執房|共享空間共享廚房|鄰近多間餐廳
Inside A Hong Kong Luxury Serviced Apartment | TOWNPLACE WEST KOWLOON
Переглядів 17 тис.5 місяців тому
Inside A Hong Kong Luxury Serviced Apartment | TOWNPLACE WEST KOWLOON

КОМЕНТАРІ

  • @toprealestateagentnj7231
    @toprealestateagentnj7231 День тому

    Very well presented

  • @CP4Z167
    @CP4Z167 День тому

    Thanks for info ! Hate to say it but seems like the Bull run is really over for HK real estate. Don’t think the younger generation will get to experience what their parents and grandparents have experienced over the last 40-50 years 😢

    • @squarefoot_hk
      @squarefoot_hk 22 години тому

      Thanks for sharing your thoughts! It will definitely be interesting to see how things play out for the next generation

    • @AlanSmith88888
      @AlanSmith88888 17 годин тому

      @@CP4Z167 all things happen in cycles. When the interest rates drop again you will see another bull run. Asset prices only inflate over time. That’s just the way economics work.

    • @ibcyt
      @ibcyt 11 секунд тому

      Hoping it will drop back to 2003 and stay there.

  • @AlanSmith88888
    @AlanSmith88888 День тому

    Great info

  • @tofudog3466
    @tofudog3466 2 дні тому

    They spent 9 million hkd to renovate and they didn’t even put a niche in the shower ? Gotta Asian squat whenever you need those shampoo!!

  • @SimonCU
    @SimonCU 2 дні тому

    Whenever you state the price of a property you mean HK$ right? Just want to make sure because many youtubers sometimes talk in US$.

  • @chukamhi7968
    @chukamhi7968 2 дні тому

    垃圾設計 點解開放式個廚房一定要開喺走廊呢 煮飯油煙週圍飛😢

  • @CP4Z167
    @CP4Z167 3 дні тому

    Beautiful house and concept but not sure if people will buy. Seems like many are trying to cash out and leave their hk real estate portfolio behind

  • @CL-gc6pe
    @CL-gc6pe 3 дні тому

    I don't understand, did they get sc*mmed by the interior designer. 😮

  • @chakbuntam3170
    @chakbuntam3170 3 дні тому

    唔好搞我!咁多選擇你叫人買呢度? 你心地唔好,會有報應!

  • @matthewman9283
    @matthewman9283 4 дні тому

    只值13K

  • @hkdtsuI
    @hkdtsuI 4 дні тому

    Does The Luna also provide free parking as well?

  • @ccc9847
    @ccc9847 4 дні тому

    又吾係41校網

  • @usiohaki295
    @usiohaki295 4 дні тому

    Pay HKD 28 mil to exercise daily, certainly not for those fat tai tai.

  • @booneguy
    @booneguy 5 днів тому

    This is one ugly home. I'd spend five million and that's it.

  • @CP4Z167
    @CP4Z167 7 днів тому

    At this point the owner probably can’t wait to get rid of it 😂

  • @sandie683
    @sandie683 7 днів тому

    They may be rich but with ZERO taste! Yuuukk

  • @toprealestateagentnj7231
    @toprealestateagentnj7231 8 днів тому

    Beautiful presentation by Bo Bo. Way to go!

  • @ericwong8449
    @ericwong8449 9 днів тому

    Is it possible to install an elevator in this property? As a disabled person, it is quite a challenge to climb up the stairs. Thanks.

  • @katrinafenton9133
    @katrinafenton9133 9 днів тому

    What cool wonderful insight into architecture in Hong Kong!! Super interesting watch

    • @squarefoot_hk
      @squarefoot_hk 9 днів тому

      Thanks for watching! Glad you enjoyed

  • @cpcreit
    @cpcreit 9 днів тому

    I almost choked w/ "laughter" on this place....over paid in 2014, over spend on non existent renovation (seen better interior decor w/ starter homes in the US) and now wants a price that would likely need to be discounted by $3 mil HKD just to move it so next owner can actually drop $1.5 HKD to make it work....bet you money this is a mainlander's 2nd or 3rd residence...

  • @earneychiu5341
    @earneychiu5341 9 днів тому

    Maybe 9 million HKD.😊

  • @hilarytang82
    @hilarytang82 10 днів тому

    This just looks like an average everyday American apartment just a little bigger than an American apartment

  • @ocll1902
    @ocll1902 10 днів тому

    Peak

  • @J-bk8fs
    @J-bk8fs 10 днів тому

    this home is to die for 😍

  • @suzit5084
    @suzit5084 11 днів тому

    The furnishings were MEH...

  • @zengirl512
    @zengirl512 11 днів тому

    Ugly.

  • @bagsheeratrading
    @bagsheeratrading 11 днів тому

    wow so bad

  • @nictse500
    @nictse500 11 днів тому

    Proof that money can't buy you class

  • @sam070122
    @sam070122 11 днів тому

    This looks like 💩

  • @avocadozzz5706
    @avocadozzz5706 12 днів тому

    What a hideous looking house.

  • @e-readers
    @e-readers 12 днів тому

    My room door also has a two-panel design.

  • @olivern993
    @olivern993 12 днів тому

    No one calculates rental yield based on original cost price...except maybe this channel.

  • @andrewl.skycross1924
    @andrewl.skycross1924 13 днів тому

    What a joke price that it was $5,500,000 value in location!

  • @jingkiefogarty3143
    @jingkiefogarty3143 14 днів тому

    Layout and decorations doesn't look right

  • @michaelwojcieszek6902
    @michaelwojcieszek6902 15 днів тому

    Lol, its in Sheung Shui...

  • @michaelwojcieszek6902
    @michaelwojcieszek6902 16 днів тому

    LOL "Garden" - picture shows a concrete hellhole

  • @michaelwojcieszek6902
    @michaelwojcieszek6902 16 днів тому

    LOL

  • @user-vn9ys6jk9r
    @user-vn9ys6jk9r 17 днів тому

    請問裝修幾時新?

  • @pierreclaverie3884
    @pierreclaverie3884 17 днів тому

    I have been living in HK for 10 years. No matter where you are... nothing justifies to spend 90M HKD for such a small, light depraved, flat... ( of course here small is relative it is already big for HK)

  • @LB-zq3od
    @LB-zq3od 18 днів тому

    90 Mil is not expensive for an apartment at The Peak. It's cheap because its 75yo. Some apartments or houses (Steven Chau owned one) worth over USD 300mil there.

  • @hypnotechno
    @hypnotechno 18 днів тому

    imagine room for a "full body sprawl" in a 4.5m USD house. Fill your boots!

  • @earneychiu5341
    @earneychiu5341 18 днів тому

    兩年唔見幾成 唔見咗幾千萬🤮💩☠️💀👿

  • @earneychiu5341
    @earneychiu5341 18 днів тому

    兩年 跌咗三四成. 今次真係焦頭爛額 😝🫣🤕😭😱

  • @michaelwojcieszek6902
    @michaelwojcieszek6902 19 днів тому

    90 mil for that is hilarious - and 1 car parking space? haaaahahaha

  • @jabbar.tengah
    @jabbar.tengah 19 днів тому

    how much is the club house

  • @kierangan7944
    @kierangan7944 20 днів тому

    Wth, the owner is making less than HKD3m in 10 years

  • @boypotus
    @boypotus 21 день тому

  • @hypnotechno
    @hypnotechno 21 день тому

    30m USD and you share a wall with ur neighbout and are looked down on by neighbours into your garden. wtf

  • @hypnotechno
    @hypnotechno 21 день тому

    stunning! but Bobo's legs aside, the house is bit muah

  • @jabbar.tengah
    @jabbar.tengah 21 день тому

    seriously? that small space.. i guess living in a hotel is much better