Cheung Kong & Henderson To Launch 4,000 Units This Year
Cheung Kong Properties and Henderson Land announced their year plan on launching more than 4,000 units this year. Cheung Kong will launch 6 new projects, including Seanorama in Ma On Shan (454 flats), a still unnamed project on Oil Street in North Point (378 flats), the first phase of Ocean Pride in Tsuen Wan West (970 flats), Repulse Bay project (11 flats), Crescendo in Ngau Tam Mei (67 flats) and a development on Graham Street in Central (185 flats). Meanwhile, Henderson is going to launch 5 residential projects and 2 commercial projects in 2017. The 5 residential projects include the Queen’s Road West project in Sai Wan (650 flats), Mansion Street project in North Point (about 460 flats), Tin Wan project in Aberdeen (about 140 flats), Tai Tong project (about 60 flats) and Tong Yan San Tsuen project in Yuen Long (about 16 flats).
One Kai Tak (II) Got 1,340 Subscriptions
One Kai Tak (II) has reportedly received over 1,340 subscriptions for the second batch of 122 units to be launched for sale tomorrow. Meanwhile, New Development and Vanke will put 400 units for sale tomorrow morning. On the other hand, Sun Hung Kai has received over 200 subscriptions for the 46 units to be launched this Sunday, in its Yuen Long new project Grand YOHO Phase 2.
Morgan Stanley Tipped Home Price Fall
Morgan Stanley has forecast home prices to fall by 5% in the second half of this year, the first decline since 2008. Morgan Stanley cited negative factors that will pressure the housing market – notably the increase in interest rate, surge in supply of new flats and the government’s cooling measures.
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