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18 Oct 2016: Property News Roundup: Tai Koo Shing 2-room Unit Price Soars Over HK$10m, CCL Expected To Reach 150 This Year

Hong Kong Property | October 18, 2016

Tai Koo Shing 2-room Unit Price Soars Over HK$10m
Tai Koo Shing recorded a transaction of its 582-square-foot unit in HK$10.5 million, the highest record for two-room unit in the housing estate. The net price per square foot reached HK$18,000, also breaking the record. 20 transactions in Tai Koo Shing have been recorded in October.

CCL Expected To Reach 150 This Year 
Centa-City Leading Index (CCL) increased by 6.8% in the third quarter and Centaline Property believed that the Index would rise up to 150 at the end of the year. Louis Chan Wing-kit, managing director of Centaline’s residential department said second-hand sellers are less willing to sell their flats, urging buyers to pay more. He expected a 6% up to 150 – the highest CCL ever – from now till the end of the year.

Population of Kai Tak To Increase By 28%
According to the latest review of the 320-hectare land in East Kowloon, the government proposed a 28% increase of number of flats to 49,900 housing 134,000 residents in Kai Tak. But the private-public ratio for the additional flats remains unchanged.

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