What services does Land Registry (LR) provide? Deeds Registration If a member of the public purchases a property or becomes a party to a property transaction, he/she will need to execute a deed or other document. That deed or document will normally be registered with the Land Registry because registered documents would have a priority over unregistered documents and other documents […]

First Hand Deals Reduced 73% During Weekend First hand market remains still after the government’s cooling measures launched. In the past weekend, only 35 transactions involving 14 new projects were recorded, 73% lower than the previous week, giving that no new project was launched after the government raised the double stamp duty to 15%. Second Hand Market Recorded Only 17 Deals […]

Mainland Firm Bought Kai Tak Site for HK$8.8 billion A mainland firm Hongkong Island Construction Properties acquired a Kai Tak residential site for HK$8.837 billion, 1.5 times over the market evaluation. The site occupies 121,224 square feet and the land price per square foot reaches HK$13,500, making it the highest record in the district. AVA 55 Average Prices At HK$17,880/sqft […]