〈The Standard, March 9, 2024〉The property market has become more active since Financial Secretary Paul Chan Mo-po delivered his fiscal budget.

Some homeowners who were desperate to sell their flats are now reported to have either withdrawn their units from the market or raised the asking price immediately to take advantage of the post-budget rebound.

About a year ago when the mainland reopened the land border with the SAR to normal border crossings after ending its zero-Covid policy that had reduced economic activities to an absolute minimum, property owners seeking to sell their units had also reacted similarly by halting sales or increasing the pricE.

〈Hong Kong Business, March 8, 2024〉Hongkong Land Holdings posted a loss attributable to shareholders of US$582m in FY23, following a year of profit in FY22.

In a bourse filing, the company said it recorded a net non-cash loss of US$1.3b in FY23, "arising primarily from the revaluation" of its Investment Properties portfolio.

In FY22 and FY23, the company said, "negative revaluation movements principally arose in Hong Kong, where there was a gradual decrease in valuations of the group’s prime office portfolio."

〈Asian Post, March 7, 2024〉Home prices are predicted to decline throughout 2024, posing ongoing challenges for Hong Kong property developers, according to a recent S&P Global Ratings report.

The report, titled "Hong Kong's Easing Property Policy Isn't A Quick Fix For Developers," predicted a further decline in home prices in 2024, with stabilization expected only by 2025.

The persisting oversupply in the market is also expected to extend for one to two more years. Developers, particularly those with tight liquidity, may also face challenges in cash flows due to aggressive price cuts.

S&P Global Ratings Credit Analyst Edward Chan said that despite the downturn, rated developers with robust liquidity may find support from banks focusing on top-quality borrowers

〈Hong Kong Business, March 6, 2024〉The residential property at No. 25 Junction Road, Kowloon, has been up for sale by private negotiation.

According to the property’s sole agent, CBRE, the asset features four floors with four residential units above a basement car park, offering a total gross floor area of 4,834 square feet (sq ft).

Located at the intersection of Junction Road and Dumbarton Road in Kowloon City, the property is just a three-minute walk from Kowloon City Plaza and adjacent to Munsang College.

〈CNBC Hong Kong , March 5, 2024〉A second mansion in Hong Kong that once belonged touching Evergrande Group's chairman has been put up for sale by its receivers, according to property agent Savills.

Evergrande, the world’s most indebted property developer which defaulted its offshore debt in late 2021, was liquidated by a Hong Kong court in January. The personal assets of chairman Hui Ka Yan are not expected to be included in the liquidation process.

Hui owned three mansions in the same residential development on the Peak in Hong Kong. One was put on the market by receivers a year ago, another was seized by Hui’s creditor late last year, local media outlet HK01 reported in November.