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2/8 News Roundup: Cheung Kong to Roll Out 2 Projects This Month, HOS Flat Deals At Market High Prices

Cheung Kong to Roll Out 2 Projects This Month Cheung Kong Properties is rolling out two new projects shortly. William Kwok Tsz-wai, director at Cheung Kong Real Estate, said the company plans to open show flats for its new project in Ma On Shan – Seanorama – next week. He expects Seanorama will be launched for sale this month, with […]

February 8, 2017

2/7 News Roundup: One Kai Tak Special Unit Sold At HK$30,011/ssf, Chan Tak-lam: Time Needed to See Cooling Measures Effects

One Kai Tak Special Unit Sold At HK$30,011/ssf A 1,606-square-foot special flat in the second phase of One Kai Tak (II) from China Overseas sold for HK$48.198 million, or HK$30,011 per salable square foot, by tender yesterday. It was the most expensive flat in terms of price per saleable square foot at One Kai Tak since the project was launched in […]

February 7, 2017

2/6 News Roundup: K. City To Provide 900 Flats- Smallest at 325 ssf, The Pavilia Bay Prices Up 12% For 109 Extra Flats

K. City To Provide 900 Flats, Smallest at 325 ssf K. Wah International yesterday released the sales brochure of its K. City project in Kai Tak. The project will provide 900 flats, with sizes ranging from 325 to 2,193 ssf. About 74% of the units are one- to two-bedrooms flats. The project’s first price list will be launched this week […]

February 6, 2017

2/3 News Roundup: HIBOR Unlikely to Follow US Rate's Hike, Island Garden Launched 50 Flats with Extra Discount

HIBOR Unlikely to Follow US Rate’s Hike The US Federal Reserve held interest rates unchanged in its first meeting since US President Donald Trump took office. Hong Kong Monetary Authority has reminded local banks, corporations and individuals “to remain vigilant and manage risks prudently” as the gradual normalization of US interest rates may affect global capital flows, exchange rates and […]

February 3, 2017

2/2 News Roundup: 3 New HOS Projects - Cheapest at $1.5m, K.City & Cullinan West To Upload Sales Brochures

3 New HOS Projects – Cheapest at $1.5m The Housing Authority plans to launch three projects under the Home Ownership Scheme (HOS) in Mui Wo and Choi Hung next month, providing a total of 2,100 flats. Two of the projects are in Mui Wo, on Ngan Kwong Wan Road East and Ngan Kwong Wan Road West. They can provide some 700 […]

February 2, 2017

2/1 News Roundup: 20 First Hand Deals During New Year Holiday, 3 Island Residential Sites To Close Tender This Month

20 First Hand Deals During New Year Holiday During the 4-day Lunar New Year holiday, 20 transactions were recorded in the first hand market, the highest number since 2013’s Chinese New Year. 5 of them are from One Kai Tak (II). On the other hand, in 10 major housing estates, only 3 transactions were done on the first 4 days […]

February 1, 2017

1/27 News Roundup: The Pavilia Bay Received 250 Subscriptions, Hang Lung Profit Increase Due to Strong Sale of Long Beach

The Pavilia Bay Received 250 Subscriptions The joint venture of New World Development and Vanke in Tsuen Wan West, The Pavilia Bay continues to receive strong buyer response for the second batch of 105 units. The developers have reportedly received over 250 subscriptions and most of them are from unsuccessful applicants of the previous rounds of sale. Reports said the […]

January 27, 2017

1/26 News Roundup: HNA Won its 3rd Kai Tak Site For HK$5.53b, The Pavilia Bay Prices Up 3-12% For 105 New Units

HNA Won its 3rd Kai Tak Site For HK$5.53b A residential site at Kai Tak was awarded to Top Genius Holdings, a subsidiary of mainland conglomerate HNA Group, for HK$5.53 billion or HK$13,000 per square foot, 8% above the upper limit of market valuations. This is HNA’s third such acquisition at Kai Tak in three months, bringing its spending to […]

January 26, 2017

1/25 News Roundup: Corporate Paid HK$324m Stamp Duty for The Peak's Luxury House, Cheung Kong To Launch 3 Projects After New Year

Corporate Paid HK$324m Stamp Duty for The Peak’s Luxury House A corporate buyer, named as Giant Victory Holdings in a filing with the Land Registry on Tuesday, is likely to be charged a total of 30% in stamp duty for the 9,950 square feet House No. 1 at MOUNT NICHOLSON, which works out at HK$324 million – the highest stamp […]

January 25, 2017

1/24 News Roundup: HK The World's Most Unaffordable Homes For the 7th Year, Wong Chuk Hang Station Site Drew 39 Expressions

HK The World’s Most Unaffordable Homes For the 7th Year For the seventh year in succession, Hong Kong remains the most expensive homes market among 406 major metropolitan regions in the annual Demographia International Housing Affordability Survey. The average price of a SAR home last year was 18.1 times the median annual pretax household income, the survey showed. The second […]

January 24, 2017

1/23 News Roundup: The Pavilia Bay Continued to Receive Overwhelming Responses, Only 4 Secondary Home Deals Recorded in 10 Major Estates

The Pavilia Bay Continued to Receive Overwhelming Responses New World Development and Vanke Property reportedly received over 3,000 subscriptions for the second batch of 199 flats in their The Pavilia Bay joint venture project in Tsuen Wan West, while all 400 apartments in the first phase of the development were sold last Friday. The second batch comprises 23 studios, 44 one-bedroom […]

January 23, 2017

1/20 News Roundup: Cheung Kong & Henderson To Launch 4,000 Units This Year, Morgan Stanley Tipped Home Price Fall

Cheung Kong & Henderson To Launch 4,000 Units This Year Cheung Kong Properties and Henderson Land announced their year plan on launching more than 4,000 units this year. Cheung Kong will launch 6 new projects, including Seanorama in Ma On Shan (454 flats), a still unnamed project on Oil Street in North Point (378 flats), the first phase of Ocean […]

January 20, 2017

1/19 News Roundup: The Pavilia Bay Received Over 7,000 Subscriptions, Grand YOHO Released 112 Units with 3% Price Up

The Pavilia Bay Received Over 7,000 Subscriptions New Development and Vanke have reportedly received over 7,000 subscriptions for their joint project in Tsuen Wan West, The Pavilia Bay, making it the highest number of subscriptions received by one single new project launched after the cooling measure in November 2016. Meanwhile, One Kai Tak (II) has received over 1,100 subscriptions for […]

January 19, 2017

1/18 News Roundup: The Pavilia Bay Received Over 4,500 Subscriptions, Charming Garden Set Green Form HOS Flat Record Price

The Pavilia Bay Received Over 4,500 Subscriptions New World Development and Vanke Property have reportedly received over 4,500 subscriptions for their joint project in Tsuen Wan West – The Pavilia Bay. The developers will put on sale 400 flats from The Pavilia Bay on Friday. On the other hand, China Overseas will put on sale another 122 flats from the […]

January 18, 2017

1/17 News Roundup: The Pavilia Bay To Launch 203 Flats with Higher Prices, Grand YOHO To Offer 55 More Flats Today

The Pavilia Bay To Launch 203 Flats with Higher Prices New World Development launched another 203 flats at its joint project with Vanke Property in Tsuen Wan West, The Pavilia Bay. Sizes of the units range from 306 to 1,366 saleable square feet, with listed prices between HK$5.17 million and HK$33.66 million. The average discounted price per square foot is […]

January 17, 2017

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