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1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically

Grand Yoho 2 Receives Overwhelming Subscriptions Being the first new project opened for sale in 2017, Grant Yoho Phase Two has been receiving overwhelming response from the market. Sun Hung Kai Properties reportedly received 180 subscriptions on the first day for the 166 flats from the second phase of Grand Yoho in Yuen Long yesterday. On the other hand, China … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

January 5, 2017

1/4 News Roundup: Grand Yoho Prices at Yuen Long's Record High, One Kai Tak (II) To Launch Price List Tomorrow

Grand Yoho Prices at Yuen Long’s Record High Sun Hung Kai Properties unveiled the price list of the first batch of 166 units at Grand Yoho phase two development, due to be completed as early as next month, at an average of HK$17,998 per square foot yesterday afternoon. After factoring in rebates of as much as 19.5 per cent, SHKP said … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

January 4, 2017

1/3 News Roundup: More One Kai Tak Flats Ready for Sale, Tseung Kwan O Home Prices Set Record

More One Kai Tak Flats Ready for Sale China Overseas uploaded the sales brochure of the second phase of its One Kai Tak project on its website yesterday, indicating that it will soon launch the sale of flats in that segment. The second phase will provide 624 flats from 375 saleable square feet to 2,414 ssf. Construction of the project … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

January 3, 2017

12/30 News Roundup: K Wah Won Kai Tak Plot for HK$5.8b, Hong Kong Set to Exceed Housing Supply Target

K Wah Won Kai Tak Plot for HK$5.8b K Wah International Holdings Ltd. has won Kai Tak Area 1K Site 2 for HK$5.868 billion, which lines at the upper limit of market expectation. The site has a total gross floor area of 574,270 square feet, putting it at about HK$10,200 per square foot – over 20% cheaper than the cost … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 30, 2016

12/29 News Roundup: East Kowloon HOS Flats Set Record Prices, Taikoo Shing & Kingswood Home Deals Rebound

East Kowloon HOS Flats Set Record Prices The high price sale of Kai Tak residential sites is resulting in pricing up of the district’s second hand homes. Two HOS (House Ownership Scheme) flats in East Kowloon set record prices after the recent Kai Tak land sale. A three-room unit of Tin Wang Court in Wong Tai Sin was sold for … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 29, 2016

12/28 News Roundup: Almost 100 Units Sold During Christmas, Long Beach Prices Up for New Year's Eve

Almost 100 Units Sold During Christmas The home market did well on the long Christmas weekend. At least 90 deals were recorded in the primary market, two times more than last Christmas’s 30 deals. Hang Lung’s Long Beach sold all 48 units on Christmas Eve, while transactions were also recorded in other new projects such as Ho Man Tin’s Mantin … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 28, 2016

12/23 News Roundup: Goldin Won MTR Ho Man Tin Residential Project, Hang Lung Received 1,489 Subscriptions for The Long Beach

Goldin Won MTR Ho Man Tin Residential Project MTR Corporation said on Thursday that Gold Brilliant Investment, a consortium led by Goldin Financial Holdings, had won the tender to develop the Ho Man Tin Station phase one property development. Goldin won the first plot at Sheung Shing Street in Ho Man Tin for HK$6.38 billion in March through government tender. … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 23, 2016

12/22 News Roundup: Ho Man Tin Station Site Draws 6 Bids, K. Wah: Pricing Won’t Refer to Land Sale

Ho Man Tin Station Site Draws 6 Bids MTR Corporation said it has received six bids, fewer than market expectations, for the residential site on top of Ho Man Tin station yesterday. The bidders included Sun Hung Kai Properties, Cheung Kong Property, Wheelock, New World Development and Goldin Financial. Meanwhile, Sino Land joined hands with K.Wah, Shimao Property, Logan Property … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 22, 2016

12/21 News Roundup: Kai Tak Sites Sale Boosts District's Home Prices, Mei Foo Sea-view Unit Sold at HK$18.97m

Kai Tak Sites Sale Boosts District’s Home Prices The acquisition of two Kai Tak sites in record high prices by HNA Holdings is boosting the prices of second hand homes in the district. 30% landlords of San Po Kong’s The Latitude are pricing up their units, up to almost 5%, with regard to Monday’s sale of another Kai Tak residential … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 21, 2016

12/20 News Roundup: HNA Won Another Kai Tak Site For New Record Price, Far East Office The Most Expensive in Hong Kong

HNA Won Another Kai Tak Site For New Record Price HNA Holding Group has outbid 20 rivals to win its second residential site in Kai Tak for a record HK$13,600 per square foot. HNA secured the parcel of land, known as Kai Tak Area 1L Site 3, with a bid of HK$5.41 billion, 23% higher than the market expectation of … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 20, 2016

12/19 News Roundup: 14 Secondary Home Transactions Over Weekend, The Long Beach Boosted Primary Home Sales

14 Secondary Home Transactions Over Weekend Data showed that only 14 transactions were tracked in 100 main housing estates over the weekend, half the number of the previous weekend, while some large estates recorded zero transaction, including Kornhill, South Horizons, Laguna City, Whampoa Garden, City One Shatin and Caribbean Coast. Meanwhile, a 482-square-foot flat in Tai Koo Shing was sold … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 19, 2016

12/16 News Roundup: Property Shares Plunged After US Fed's Rate Hike, November's Stamp Duty Cases Surged

Property Shares Plunged After US Fed’s Rate Hike Shares plunged in Hong Kong yesterday led by property firms, following the US Federal’s decision to raise interest rates and the possibility that there might be three rate increases next year.. The Hang Seng Index dived 1.77% to 22,059.40 while HSI – Properties dropped 2.6% at the close. Among all the property shares, … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 16, 2016

12/15 News Roundup: HK Raised Base Rate by 0.25%, Following US Fed's Move; Far East Sha Tau Kok New Project To Roll Out Next Year

HK Raised Base Rate by 0.25%, Following US Fed’s Move The US Federal Reserve announced that the benchmark interest rate would rise by 25 basis points, boosting federal fund rates to a target range of between 0.5 and 0.75 per cent, up from 0.25 to 0.5 per cent since December 2015. Fed Chair Janet Yellen expected three further rise in … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 15, 2016

12/14 News Roundup: The Zumurud Gives HK$1.68m Gifts to First Five Buyers, Second Hand Home Prices Soar

The Zumurud Gives HK$1.68m Gifts to First Five Buyers Cheung Kong Property Investment Director Wong Sze-chung said the company is offering first-class air tickets to Paris and five-stars hotel stays for the first five buyers of its project in Ma Tau Kok – The Zumurud. The promotion will begin on Friday until January 2. The developer will also be giving … Continue reading "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 14, 2016

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 "1/5 News Roundup: Grand Yoho 2 Receives Overwhelming Subscriptions, December Home Sales Cooled Down Drastically"

December 13, 2016

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