Home price rise in June slows down Hong Kong’s residential property prices, already the world’s highest based on square footage, rose in June for the 15th straight month to a record, but at a slower pace. The monthly home price index, which represents movements in the second-hand property market, rose 0.69% to 336.1 in June, compared with 333.8 in May, according...

HKU suggests reclaiming Plover Cove for 300,000 homes A research team from the University of Hong Kong says the government should re-start large-scale reclamation, including filling up Plover Cove Reservoir to provide 1,200 hectares of land on which to build 300,000 homes. The team from the Ronald Coase Centre for Property Rights Research, HKUrbanLab, said the government should solve the...

Tin Shui Wai home cost exceeds $10k/SqFt Home cost per square foot in Tin Shui Wai secondary market has surpassed the HK$10,000 boundary. A 442-square-foot two-bedroom unit in Kingswood Villas was sold yesterday in HK$4.55 million, or HK$10,294 per square foot, making it the highest price per square foot in apartments of the housing estate. A real estate agent said...

Wheelock to Launch 3 Projects in the 2nd Half Wheelock Properties plans to roll out three new residential projects in the second half of this year, involving over 2,200 flats. Its managing director Ricky Wong Kwong-yiu said yesterday the company plans to launch its Kai Tak project at 10 Muk Ning Street in August. It will comprise 648 flats. The...

63 Pokfulam Pricing from HK$5.75m A studio flat of 209 saleable square feet at Kowloon Development Co's latest residential project, 63 Pokfulam, is to cost at least HK$5.75 million. The Sai Ying Pun project will provide 350 units, comprised of 100 studios, 225 one-bedroom flats, and 25 three-bedroom homes sized at 494 square feet. The smallest room in the three-bedroom...

Happy Valley New Project Seeks for Pre-rent Kerry Properties named its Happy Valley project as Resiglow. The project provides 106 flats – mainly two-bedroom ones with sizes ranging from 667 to 1,434 square feet, and will begin pre-rent next week. Rents for the project are expected to be under HK$40,000 per month, or HK$50-70 per square foot. S&P: Home Price Rise...

Going to have a short stay in Hong Kong but wanting an accommodation feels like home-sweet-home? Apartment hotel would be a great choice for you! You can take a look at these 7 cosy and relaxing hotels which are all priced below HK$1,000! Butterfly on Prat Butterfly on Prat has a good location that is near to Tsim Sha Tsui MTR station,...

Ocean Supreme to Roll Out 412 Units This Saturday Cheung Kong Property will launch 412 units from Ocean Supreme for sale this Saturday. The developer will reserve 20 4-bedroom units of this Tsuen Wan new project for later release and might increase the price. The average discount price of the first batch of units is HK$17,234 per square foot. Sources...

URA Makes Aggressive Purchase Offer The Urban Renewal Authority will issue an acquisition offer of HK$15,383 per square foot to property owners who will be affected by its three proposed redevelopment projects in Kowloon City. The offer is the highest that it has made in its redevelopment projects. The three proposed redevelopments are the Bailey Street and Wing Kwong Street...

PARK YOHO Genova Launched Another 111 Flats Sun Hung Kai Properties sold 97% of first batch of units and launched an additional 111 flats for sale at its Yuen Long project Park Yoho Genova last weekend. The latest flats are priced from about HK$7.15 million for a 526-saleable- square-foot flat to $14.9 million for a 925-ssf home. SHKP said it...

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