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12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High

Standard Chartered Cuts Mortgage Rate to H+1.33% According to source of Sing Tao Daily, Standard Chartered has cut its mortgage rate to 133 basis points above the Hong Kong Interbank Offered Rate (HIBOR), for loans of at least HK$8 million, offering the cheapest loan in the city. Meanwhile, Bank of China (Hong Kong) is offering mortgage rate of 140 basis … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 13, 2016

12/12 News Roundup: Metro City & Dawning Views Carparks Set Record Prices, 26 Transactions Recorded in 100 Main Estates

Metro City & Dawning Views Carparks Set Record Prices Carparks in Tseung Kwan O’s Metro City and Fanling’s Dawning Views transacted in all-time high prices yesterday. A parking space in Metro City Phase 2 was sold at HK$1.2 million, 11% higher than the original record in HK$1.08 million. Meanwhile, two parking lots in Dawning Views were both sold at HK$1.28 million, 6.7% more … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 12, 2016

12/9 News Roundup: Central Office Rents Rank First in the World, Eden Manor Targets At Mainland Buyers

Central Office Rents Rank First in the World Hong Kong’s office rents in Central surged to the world’s highest this year. Hong Kong ranks No 1 in terms of the world’s highest rent for a premium office, with London and New York in second and third place respectively, according to JLL’s latest Global Premium Office Rent Tracker. The price of … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 9, 2016

12/8 News Roundup: IMF Warns Possible Downturn in HK Property Market, Tin Shui Wai HOS Flat Sold For HK$10,085 per sqft

IMF Warns Possible Downturn in HK Property Market The International Monetary Fund (IMF) announced its annual assessment of Hong Kong economy yesterday. It identified one of the main risks Hong Kong facing is the possible downturn of property market due to the rising interest rate, resulting in adverse effect on the local economy. IMF supported the cooling measures adapted by … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 8, 2016

12/7 News Roundup: 1,900 New Homes Ready For Sale Early Next Year, Public Estate Carpark Sold At HK$1.165m

1,900 New Homes Ready For Sale Early Next Year The government’s cooling measures have been affecting property developers’ plan on launching new projects. Several new projects including Sun Hung Kai’s The Pavilia Bay in Tsuen Wan and Mount Pavilia in Clear Water Bay; Cheung Kong’s Crescendo in Yuen Long San Tin and Ocean Pride in Tsuen Wan West; and Kerry’s … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 7, 2016

12/6 News Roundup: Kai Tak Site Winner Pledged Shares For Loans, Public Houses Sold In High Prices

Kai Tak Site Winner Pledged Shares For Loans The controlling shareholder of HNA Holding Group (521) pledged nearly all of its stake in the firm as security for a loan – a month after the group paid a jaw-dropping HK$8.84 billion for its first residential site in Hong Kong. Hong Kong HNA Holding Group, has pledged 56.11% or 6.39 billion shares in the … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 6, 2016

12/5 News Roundup: Private Domestic Supply To Soar Next 3 Years, SHK Refuses to Build Tiny Flats

Sing Tao: Private Domestic Supply To Soar Next 3 Years According to government’s latest internal statistics, the completion of private domestic units will remain high in the next three years, reaching 22,000 to 25,000 per year, the local newspaper Sing Tao Daily claims. The supply will expand to 24,000 soonest next year and the source claimed that it would reach … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 5, 2016

Luxury Homes Price Up After Cooling Measures, The Long Beach Receives 4,333 Subscriptions

Luxury Homes Price Up After Cooling Measures The cooling measures started weeks ago seem to have minor impact on luxury home market. Several luxury projects even priced up after consecutive transactions. The Grampian in Kowloon Tong recorded the first transaction recently, while the developer Hanison announced that the price of Unit 2A will be priced up for 5%, from HK$60 … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 2, 2016

Chun Wo To Release Tiniest Flat in Town, Local Home Prices Hit One Year High

Chun Wo To Release Tiniest Flat in Town Chun Wo Property Development Holdings, a unit of Asia Allied Infrastructure Holdings, is building the city’s tiniest flat. Inspired by the concept of student quarters, the company’s soon-to-be released project, TPlus, in Tuen Mun includes studio flats with sizes ranging from 128 square feet, the smallest in Hong Kong and even smaller than … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

December 1, 2016

Amoy Garden Small Unit Sold at HK$4.08m, New Home Curbs Launched in China Main Cities

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, … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

November 30, 2016

Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home, Chinese Buyers Snapped Up 8 Units From Mantin Heights

Mainland Buyer Paid 40% Tax For Sheung Shui Luxury Home Mainland buyers continue to invest in Hong Kong’s luxury homes. A Mainland buyer purchased a 1,022-square-foot three-room unit in Sheung Shui’s Woodland Crest for HK$9 million, or HK$8,806 per square foot. In addition to the 15% buyer’s stamp duty and 15% double stamp duty, the buyer is willing to pay the … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

November 29, 2016

Ten Main Estates Transactions Reduce By Half, Mainland Buyers Snapped Up Hung Hom Luxury Units For HK$115m

Ten Main Estates Transactions Reduce By Half Statistics from Midland Realty showed there were only 121 transactions in ten main housing estates in November, only half of the number of deals in October. 10 deals have been recorded in Taikoo Shing while only 3 deals are recorded in Kornhill. In Kwun Tong Laguna City, 3 home deals were recorded while … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

November 28, 2016

Ho Man Tin Station Site Open For Bid, With HK$6.28b Premium, Mantin Heights To Launch 23 New Units

Ho Man Tin Station Site Open For Bid, With HK$6.28b Premium The residential site above Ho Man Tin MTR Station has been opened for tender since yesterday by the MTR Corporation. The premium of development for the project is HK$6.28 billion, or HK$8,459 per square foot. MTR Corp expects a 35% profit-sharing ratio despite the lower-than-expectation land premium. Mantin Heights … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

November 25, 2016

SOGO Owner Won Kai Tak Commercial Site for HK$7.39b, Chinese Estates To Sell Harcourt House 70% Titles

SOGO Owner Won Kai Tak Commercial Site for HK$7.39b Lifestyle International Holdings, the owner of SOGO department store, won the first commercial site in Kai Tak area for HK$7.388 billion, or HK$6,733 per square foot. The price is in the middle range of market expectations of HK$6.58 billion to HK$8.78 billion, but still marks the highest cost of commercial sites … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

November 24, 2016

South Horizons Penthouse Sold at HK$34.1m, Seven Victory Avenue To Roll Out 25 New Units

South Horizons Penthouse Sold at HK$34.1m South Horizons home prices may benefit from the coming South Island Line commencement. A penthouse of the estate was open for bid yesterday. 6 bidders participated in the bid and the unit was finally sold at HK$34.1 million, or HK$25,658 per square foot, both setting the highest records for the estate. The transaction price of this three-room … Continue reading "12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High"

November 23, 2016

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