Spacious' View: Chinese home price increases slowing - investors should keep an eye on other growing overseas property markets.   Smart home development wanted in Mong Kok The Urban Renewal Authority (URA) has told developers to submit expressions of interest before next Wednesday for the development of a 14,951-square-foot project site at Reclamation Street/Shantung Street in Mong Kok. The project is intended to...

Spacious' View: Home buyers getting developer loans might start 'sweetly', but end up 'bitterly' with a much higher interest payment. Warning over high-interest developer loans To push home sales, developers offer mortgage plans with high loan-to-value ratios to attract buyers who may not be able to get bank loans. But these, the Consumer Council warns, could cost buyers a few million dollars...

Spacious' View: Tai Po residential site awarded at the low end of market valuation - in contrast to the two previous land sales with a higher market expected prices. Manhattan Group won Tai Po residential site for HK$323m A residential site on Yat Yiu Avenue in Tai Po was awarded yesterday to Manifold Ltd, a company associated with Hong Kong-based Manhattan Group, for...

Spacious' View: Oasis Kai Tak prices at HK$20k/SqFt - tops the district over the past 12 months. Oasis Kai Tak prices at about HK$20k/SqFt Wheelock Properties priced its Oasis Kai Tak project at about HK$20,000 per saleable square foot - the most expensive in Kai Tak district over the past 12 months. The first batch launched comprised 130 units, the smallest being a 275-square-foot...

Spacious' View: 1,300 hopeful buyers queuing for 4 forfeited flats - may also be hopes for other new projects to see the demands.   1,300 buyers queued up for 4 forfeited Parc City flats About 1,300 hopeful buyers queued up yesterday at Parc City in Tseung Wan, where 4 flats that had deposits forfeited were put up for resale. One of the units...

Spacious' View: The increase of first-hand home sale in August is boosting last month's flat transactions in the city. August flat transactions rise 12.3% The number of sales and purchase agreements for all building units received for registration in August was 6,130, representing a month-on-month increase of 12.3% but a year-on-year decline of 17.5%, statistics released yesterday by the Land Registry showed. Among...

Spacious' View: First-hand 'war' is expected in Tuen Mun in the coming month, with two new projects launching in the district.   COO Residence to sell the cheapest unit in HK$2.88m Couture Homes Properties, a subsidiary of CSI Properties said its COO Residence project in Tuen Mun is priced at about HK$15,000 per saleable square foot, and the cheapest unit costs HK$2.88 million. The first...

Spacious' View: Supply in the first-hand market is sufficient, with several new projects launching in September. Parc City receiving 7,000 subscriptions for last 432 units The most signed-up new project since 1997 – Parc City in Tsuen Wan rolled out the last batch of units yesterday. Chinachem launched the sixth price list of the project comprising 100 units, with a discounted price...

Spacious' View: New projects are receiving overwhelming subscriptions, while only single-digit deals were recorded in the second home market. Parc City received another 1,700 subscriptions After selling all the 521 units launched last Friday, Chinachem has rolled out another two price lists comprising 332 units from its Tsuen Wan new project – Parc City. Sources said the company has received about 1,700 subscriptions...

Spacious' View: The lower-than-expectation price of Parc City makes it the most popular new project since 1997.   Parc City received record-breaking subscriptions Chinachem's latest residential project, Parc City in Tsuen Wan West, reportedly received 22,500 subscriptions for 521 flats on its third price list, sources say. This project is said to have received the most subscriptions since 1997 for project launches. The flats...

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