Blue Pool Road House Sold with HK$90.54 Stamp Duty Hang Lung Properties sold a 4,571-sqaure-foot independent house from its Happy Valley project – 23-39 Blue Pool Road for HK$302 million or HK$66,069 per square foot. The house was purchased by a company and it was estimated that a 30% stamp duty – HK$90.54 million will be incurred, setting the highest amount of […]

HK Raised Base Rate by 0.25%, Following US Fed’s Move The US Federal Reserve announced that the benchmark interest rate would rise by 25 basis points, boosting federal fund rates to a target range of between 0.5 and 0.75 per cent, up from 0.25 to 0.5 per cent since December 2015. Fed Chair Janet Yellen expected three further rise in […]

Nan Fung, an established Hong Kong property developer, has partnered with Spacious to promote its signature luxury residential development Island Garden in Shau Kei Wan. The development consists of 470 units, mainly 1 to 4 bedroom apartments and it is one of the largest new residential projects to go on sale in Hong Kong this year. Nan Fung is a well-known international business […]