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...

Ocean Pride Prices Up 2-10% for 122 Flats Cheung Kong Property yesterday launched 122 flats at its Ocean Pride project in Tsuen Wan West at prices 2% to 10% higher than the previous batch. The average price in the latest batch is HK$17,514 per square foot, and the discounted prices range from HK$5.94 million to HK$25.16 million, or HK$12,700 to...

Two Kai Tak New Projects Ready For Sale Two new projects in Kai Tak area, One Kai Tak Phase 2 and K. City, were issued Consent to Sell yesterday, providing over 1,500 flats for the district. Both of their developers urge to start the sale within November. One Kai Tak Phase 2 will again be restricted by the "Hong Kong...

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...

Amoy Garden Small Unit Sold at HK$4.08m A 255 sellable square feet flat at Amoy Gardens in Ngau Tau Kok was sold for HK$4.08 million or HK$16,000 per square foot. It is the second most expensive small unit sold from the estate. Meanwhile, a 431-square-foot two-room unit in Rhythm Garden was sold at HK$6.28 million or HK$14,571 per square foot,...

14 Secondary Home Transactions Over Weekend Data showed that only 14 transactions were tracked in 100 main housing estates over the weekend, half the number of the previous weekend, while some large estates recorded zero transaction, including Kornhill, South Horizons, Laguna City, Whampoa Garden, City One Shatin and Caribbean Coast. Meanwhile, a 482-square-foot flat in Tai Koo Shing was sold...

New Homes Pricing Up and Rolling out after CE Election Developers have priced up their new projects after Carrie Lam has been elected as the new Chief Executive. New World Development launched the remaining 64 units from its Tsuen Wan project The Pavilia Bay with 2% to 3% price up. The units will be put on sale this Friday with...

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 AVA 55...

3rd Quarter's Land Sale Reached $17.8b The government sold 10 sites in the third quarter, realized a total land premium of about HK$17.8 billion, which is 1.8 times over last year. Among these 10 transactions, 7 sites' prices were at the upper end of the market's expectations, making the total transaction prices highest for the past 14 quarters. The market expects an...

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...

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