New Property Development

Spacious' View: New projects are receiving overwhelming subscriptions, while only single-digit deals were recorded in the second home market. Parc City received another 1,700 subscriptions After selling all the 521 units launched last Friday, Chinachem has rolled out another two price lists comprising 332 units from its Tsuen Wan new project – Parc City. Sources said the company has received about 1,700 subscriptions...

Spacious' View: The lower-than-expectation price of Parc City makes it the most popular new project since 1997.   Parc City received record-breaking subscriptions Chinachem's latest residential project, Parc City in Tsuen Wan West, reportedly received 22,500 subscriptions for 521 flats on its third price list, sources say. This project is said to have received the most subscriptions since 1997 for project launches. The flats...

Spacious' View: Launching of new projects with relatively low price is drawing buying force from the second-hand market. Parc City to start sale this Friday Chinachem has launched yesterday another 128 units with an average price of HK$15,187 per square foot, and said it would start sales of 521 units at Parc City on Friday after more than 13,000 prospective buyers registered interest...

Spacious' View: Oasis Kai Tak, Ocean Supreme, Parc City & Park Reach releasing new supply into the market over next few months should help to stabilize prices. Wheelock named Kai Tak project 'Oasis Kai Tak' Wheelock Properties named its new project in the city’s former airport site 'Oasis Kai Tak', and said it would be released once it obtains the government’s pre-sale...

Spacious' View: Parc City vs Ocean Supreme: Developers are going head to head in Tsuen Wan, signaling good news for HK home buyers.   Parc City prices 20% lower than Ocean Supreme Two of Hong Kong’s major developers appear to be locked in a local price war, with Chinachem Group offering a residential project in Tsuen Wan on Wednesday at prices as much...

One Kai Tak (II) launched another 119 flats China Overseas Land & Investment will release for sale an additional 119 units on Sunday at its One Kai Tak project phase two. The latest batch features two and three-bedroom units, sized between 524 and 799 saleable square feet, at an average per square foot price of HK$24,400 – 2% up compared...

Novi prices up 5% for the last 40 units After selling all 98 units from the first two price lists, Lai Sun rolled out the last 40 units from its Mong Kok new project – Novi and will offer them for sale soonest this week. The average discounted price is HK$20,530 per square foot, about 5% rise from last week’s...

One Kai Tak rolling out another 108 flats China Overseas Land and Investment is to roll out 108 flats at One Kai Tak Phase 2, priced at HK$18,709 to HK$24,773 per square foot. The latest batch for sale accounts for 17% of the total units, with sizes ranging from 375 sellable square foot one-bedroom flats to 799 square feet three-bedroom...

One Kai Tak (II) to issue price list soonest today Kai Tak new development district is becoming the market focus again, as China Overseas is ready to launch the remaining units from Tower 5 of One Kai Tak (II). The developer said yesterday that it would issue the price list and open show flats of tower 5 soonest today. Tower...

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...