Road King Won Tuen Mun Site for HK$3.17b A joint tender submitted by local developer Road King Infrastructure (1098) and Shenzhen Investment (0604) has won a site on Kwun Chui Road in Tuen Mun town for about HK$3.17 billion, or HK$6,700 per square foot on a 50-year land grant. The Tuen Mun site, designated for private residential purposes, has an...

Vibe Centro Gives Higher Priority for Multi-unit Buyers Poly Property will put on sale 108 flats from Vibe Centro on Sunday. The developer will first give higher priority for multi-unit buyers to purchase the flats so as to attract more investors. Buyers who would like to purchase three or more units could choose flats first, while the number of purchased flats is unlimited....

One Homantin, NAPA Price Up 3% Wheelock Properties is starting to sell the last flats at its One Homantin project and its Tuen Mun project NAPA on Sunday, with three-percent price hikes being applied. The remaining 53 flats at One Homantin are made up of 20 so-called "featured" units and 33 standard units, with 29 for sale on Sunday. Sizes...

On 28th February, Hong Kong Financial Secretary Paul Chan Mo-po announced the 2018-2019 budget. Mr. Chan stated that he was cautiously optimistic about Hong Kong's economic prospects. Although he admitted that property prices had soared beyond the affordability of ordinary citizens over the past years, he believed that the key factors underpinning soaring property prices over the past few years were gradually...

Worldwide House Floor Sold on Record Price A mainland property firm has sold the 16,693-square-foot 11th floor of Worldwide House in Central for HK$601 million. That means HK$36,003 per square foot, making it the most expensive office in the building in terms of a square-foot price. The pattern fits Central district remaining the world's priciest office area, figures from commercial...

Empire & Sino Acquired Wong Chuk Hang's Commercial Site Empire Group Holdings and Sino Land acquired the second most expensive commercial land in the city for HK$2.528 billion. The development site is close to the upcoming Wong Chuk Hang Station of the MTR South Island Line extension. The project will produce a maximum gross floor area of 284,945 square feet,...

Harbour Glory Pricing at HK$30,400/SqFt Cheung Kong Property said yesterday it will soon announce the sales arrangement of its new residential project in North Point - Harbour Glory. The developer released its first price list for 76 units at the project on Monday, with the average discounted price per saleable square foot reaching HK$30,400. The flats range in size from 432 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...

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...

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...

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