Hong Kong Home Prices Plummet 6.8%

30 Jan 2024 CW Team

In a significant turn of events, Hong Kong's real estate market has experienced a substantial 6.8% decline in home prices throughout 2023. This downturn has sparked widespread concern among homeowners, investors, and industry experts, as it signals potential challenges ahead for the region's property market.

The drop in home prices can be attributed to various economic factors, including global uncertainties, geopolitical tensions, and local economic challenges. The real estate sector, which has been a cornerstone of Hong Kong's economy, now faces a critical juncture as stakeholders closely monitor the unfolding situation.

Industry analysts are expressing cautious sentiments about the future outlook, highlighting the need for adaptive strategies and innovative solutions to navigate these turbulent times. As the city grapples with economic uncertainties, homeowners and investors are advised to stay informed and consider potential implications for their property portfolios.

This development underscores the interconnectedness of global economic dynamics and their impact on local real estate markets

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..