Ho Man Tin Station Site Open For Bid, With HK$6.28b Premium The residential site above Ho Man Tin MTR Station has been opened for tender since yesterday by the MTR Corporation. The premium of development for the project is HK$6.28 billion, or HK$8,459 per square foot. MTR Corp expects a 35% profit-sharing ratio despite the lower-than-expectation land premium. Mantin Heights To...

New Projects Heat Up and Price Up New projects are receiving overwhelming subscriptions and developers decided to price up the remaining units. Alto Residences in Tseung Kwan O launched the second batch of 126 units priced 3% higher. Lai Sun Development said more than 3,500 subscriptions have been received. Meanwhile, NAPA received about 180 subscriptions, double the number of units...

Chun Wo To Release Tiniest Flat in Town Chun Wo Property Development Holdings, a unit of Asia Allied Infrastructure Holdings, is building the city’s tiniest flat. Inspired by the concept of student quarters, the company’s soon-to-be released project, TPlus, in Tuen Mun includes studio flats with sizes ranging from 128 square feet, the smallest in Hong Kong and even smaller than...

Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home Mainland buyers continue to invest in Hong Kong's luxury homes. A Mainland buyer purchased a 1,022-square-foot three-room unit in Sheung Shui's Woodland Crest for HK$9 million, or HK$8,806 per square foot. In addition to the 15% buyer's stamp duty and 15% double stamp duty, the buyer is willing to pay the...

Kerry wins Kowloon Tong site for $7.2billion Kerry Properties beat ten other companies for a government site at Beacon Hill, Kowloon Tong at a bid of HK$7.2688 billion, or HK$21,204 per square foot, making it the most expensive land sale in Kowloon. The price is at the upper end of the market's expectation and is the highest since the site in...

SOGO Owner Won Kai Tak Commercial Site for HK$7.39b Lifestyle International Holdings, the owner of SOGO department store, won the first commercial site in Kai Tak area for HK$7.388 billion, or HK$6,733 per square foot. The price is in the middle range of market expectations of HK$6.58 billion to HK$8.78 billion, but still marks the highest cost of commercial sites...

NAPA First Batch Price Lowest New Projects Wheelock Properties released the price list for the first batch of 92 units of its NAPA project in Tuen Mun. The average discounted price is HK$10,438 per square feet, which is 10-15% lower than new projects in the same district and also cheaper than those in Ma On Shan, Yuen Long and Sham Shui...

Hong Kong Carpark in Conduit Road
Mid-level Carpark Set Record Price A carpark at 55 Conduit Road in Mid-Levels was sold at a record-breaking price for HK$4.8 million last month. The deal broke the record as the most expensive carpark in Hong Kong, compared to the previous record held by a carpark from 39 Conduit Road which was sold for HK$4.24 million in May 2014. AVA 55 HK$4.5...

Tuen Mun 2GETHER Prices at $11,988 per sqft HKR International announced the initial price list for its first batch of 50 units at 2GETHER project in Tuen Mun. The average discount price is HK$11,988 per square foot, with the lowest unit price at HK$3.1 million. Among the 50 units, 16 of them are studio flats while 34 are two-room units....

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 Second hand...

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