New Property Development

A Simplified Guide to Hong Kong’s Stamp Duty

Buying a new home is exciting! Yet in Hong Kong, you better be familiar with the current stamp duty (taxes) policies or you might end up shocked by what you have to pay for a new apartment in this city – already some of the world’s most expensive and unaffordable homes. What is stamp duty? Stamp duty is tax to …

Tracy Lam - November 29, 2017

9/10 News Roundup: Wings At Sea launched the 7th price list of 208 units, subscriptions opened

Wings At Sea launched the 7th price list of 208 units, subscriptions opened Sun Hung Kai Property (SHKP)’s Wings At Sea has been receiving overwhelming subscriptions in all three rounds of sale and the developer launched the 7th price list of 208 units with a 2% to 3% price up yesterday. The developer has launched 3 round of sales consisting …

Tracy Lam - October 9, 2017

22/9 News Roundup: New World likely to launch first-time buyers flats, Science Park & HKU in line for first modular houses

Spacious’ View: With New World becoming the first mover, we expect more developers would join to roll out cheaper units for first-time home buyers in town. New World likely to launch first-time buyers flats In addition to launching a first-time buyers’ scheme, the government encourages local developers to roll out cheaper homes for first-time buyers while New World Development (NWD) …

Tracy Lam - September 22, 2017

20/9 News Roundup: Wings at Sea priced 10% below Tseung Kwan O primary flats launched in March

Spacious’ View: Wings at Sea priced 10% below Tseung Kwan O primary flats launched in March   Wings at Sea priced 10% below primary flats in Tseung Kwan O Sun Hung Kai Properties launched the first price list for 208 flats from its new project at Lohas Park – Wings at Sea, yesterday. The average discounted price per saleable square foot …

Tracy Lam - September 20, 2017

15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment

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 …

Tracy Lam - September 15, 2017

13/9 News Roundup: Tai Po residential site awarded at the low end of market valuation – in contrast to the two previous land sales that achieved higher-than-expected prices

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 …

Tracy Lam - September 13, 2017

8/9 News Roundup: Oasis Kai Tak prices at HK$20k/SqFt – tops the district over the past 12 months.

Spacious’ View: Oasis Kai Tak prices at HK$20k/SqFt – tops the district over the past 12 months. Oasis Kai Tak prices at about HK$20k/SqFt Wheelock Properties priced its Oasis Kai Tak project at about HK$20,000 per saleable square foot – the most expensive in Kai Tak district over the past 12 months. The first batch launched comprised 130 units, the smallest being …

Tracy Lam - September 8, 2017