Monterey ‘Entry Price’ at HK$4.59m Wheelock Properties priced the first batch of 186 units at Monterey in Tseung Kwan O with an average price of HK$14,208 per square foot, in the range of HK$4.59 million to HK$19.29 million. The batch comprises one- to three-bedroom flats. Stewart Leung Chi-kin, chairman of Wheelock Properties, said there is already a discount to market […]

Hong Kong Office Property Landlords Race To Sell As Mainland Buyers Push Up Prices — An SCMP.com article reports on several recent transactions by mainland Chinese companies who continue to look for investment opportunities outside of China. Market remains strong as evidenced by Henderson Land’s sale of Golden Centre, which sold at a valuation near Central Grade-A pricing despite its […]

HKMA Followed US Fed’s Rate Hike The Hong Kong Monetary Authority yesterday raised the base rate by 25 basis points to 1.5%, following the US Federal Reserve’s interest rate hike. Chief executive Norman Chan Tak-lam said the HKMA tends to follow the monetary policy set by the Fed since the Hong Kong dollar is pegged to the US greenback. He […]