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: 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...

Edition 178 pricing from HK$3.14m In Kwai Chung, Team Worldwide's latest residential project Edition 178 released the price list for the first batch of 55 flats, with an average per square foot price of about HK$15,900 while the cheapest unit has a discounted price of HK$3.14 million. This nano-flat project provides studio flats to two-bedroom homes, with sizes ranging from...

3,700 Lohas Park flats rolling out this year Wheelock & Co yesterday said that it expects to start selling flats at its 10 Muk Ling project in Kai Tak from the third quarter of this year. The company is currently awaiting approval of the pre-sale consent for the project, which will provide 648 apartments. Wheelock added that it will also...

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...

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