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Sai Ying Pun's 'Space Capsule' Rents at $5,100, Alto Residences 1-room Flats Sold Out

Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100 A homeowner in Sai Ying Pun turned his 830-square-foot flat into 20 ‘space capsules’, each of which is rented out for HK$5,100 per month. According to a rental property website, the owner claims that each unit is equipped with computer, dressing table, USB charger, television, LED lighting, adjustable air-conditioning, and even memory … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 25, 2016

24 Oct 2016 Property News Roundup: 2GETHER Received 15 Times Over Subscriptions, 280 First Hand Trades Recorded Over Weekend

2GETHER Received 15 Times Over Subscriptions Several new projects launched last week and all received warm buyer response. Tuen Mun’s 2GETHER by HKR received 770 subscriptions, 15 times over the quota. The company might launch the next batch of units this week, according to market reactions. 280 First Hand Trades Recorded Over Weekend First hand market becomes viral this month. … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 24, 2016

20 Oct 2016: Property News Roundup: Alto Residences Received Over 8,600 Subscriptions, EAA Forces Identification of Sellers on Sales Agreements

Alto Residences Received Over 8,600 Subscriptions Heavy rain did not stop Hong Kong first hand property buyers, as queues were seen in several first-sale sites yesterday. Alto Residences closed submission yesterday. The developers said they received over 8,600 subscriptions, 22.7 times over the amount of units available. Tuen Mun’s 2GETHER also received over 100 subscriptions so far, doubling the number … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 20, 2016

19 Oct 2016: Property News Roundup: Tuen Mun 2GETHER Prices at $11,988/sqft, 39 Conduit Road Distressed Unit Opens Bid at $105b

Tuen Mun 2GETHER Prices at $11,988 per sqft HKR International announced the initial price list for its first batch of 50 units at 2GETHER project in Tuen Mun. The average discount price is HK$11,988 per square foot, with the lowest unit price at HK$3.1 million. Among the 50 units, 16 of them are studio flats while 34 are two-room units. … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 19, 2016

18 Oct 2016: Property News Roundup: Tai Koo Shing 2-room Unit Price Soars Over HK$10m, CCL Expected To Reach 150 This Year

Tai Koo Shing 2-room Unit Price Soars Over HK$10m Tai Koo Shing recorded a transaction of its 582-square-foot unit in HK$10.5 million, the highest record for two-room unit in the housing estate. The net price per square foot reached HK$18,000, also breaking the record. 20 transactions in Tai Koo Shing have been recorded in October. CCL Expected To Reach 150 This … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 18, 2016

17 Oct 2016: Property News Roundup: New Projects Heat Up and Price Up, Tsueng Kwan O's Parking Lot Sells at HK$213m

New Projects Heat Up and Price Up New projects are receiving overwhelming subscriptions and developers decided to price up the remaining units. Alto Residences in Tseung Kwan O launched the second batch of 126 units priced 3% higher. Lai Sun Development said more than 3,500 subscriptions have been received. Meanwhile, NAPA received about 180 subscriptions, double the number of units … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 17, 2016

14 Oct 2016: Property News Roundup: NAPA First Batch Price Lowest New Projects, Reverse Mortgage Covers Subsidized Homes

NAPA First Batch Price Lowest New Projects Wheelock Properties released the price list for the first batch of 92 units of its NAPA project in Tuen Mun. The average discounted price is HK$10,438 per square feet, which is 10-15% lower than new projects in the same district and also cheaper than those in Ma On Shan, Yuen Long and Sham Shui … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 14, 2016

13 Oct 2016: Property News Roundup: Empire & Sino Acquired Wong Chuk Hang's Commercial Site, Park One Additional Units Price Up 4%

Empire & Sino Acquired Wong Chuk Hang’s Commercial Site Empire Group Holdings and Sino Land acquired the second most expensive commercial land in the city for HK$2.528 billion. The development site is close to the upcoming Wong Chuk Hang Station of the MTR South Island Line extension. The project will produce a maximum gross floor area of 284,945 square feet, … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 13, 2016

12 Oct 2016: Property News Roundup: Alto Residences' Unit Price Tops in Tseung Kwan O, Tin Shui Wai's Parking Space Surged Over HK$1M

Alto Residences’ Unit Price Tops in Tseung Kwan O Empire Group Holdings and Lai Sun Development launched the first batch of 131 units of their joint venture projects Alto Residences in Tseung Kwan O. The average discounted price is HK$12,894 per square feet, making it the highest among recent new projects in the district.   Tin Shui Wai’s Parking Space … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 12, 2016

11 Oct 2016: Property News Roundup: 3Q Land Sale Reached $17.8b, Secondary Home Deals Up

3rd Quarter’s Land Sale Reached $17.8b The government sold 10 sites in the third quarter, realized a total land premium of about HK$17.8 billion, which is 1.8 times over last year. Among these 10 transactions, 7 sites’ prices were at the upper end of the market’s expectations, making the total transaction prices highest for the past 14 quarters. The market expects an … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 11, 2016

Weekly Round-up: Strong September Fuels Optimism In The HK Housing Market; Bubble Risk Remains In HK Property Market

Weekly Round-up by Clarke Illmatical Hong Kong Home Prices May Rise 5% Next Year — Some HK analyst predict that the Hong Kong housing market will start moving in 2017. A number of buyers have moved back into the market after an abysmal first quarter when prices plunged 7%. — SCMP.com Hong Kong and Singapore Property markets diverge — A Bloomberg.com … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 7, 2016

7 Oct 2016: Property News Roundup: 5 Projects Launching Next Week, Tai Koo Shing's Price Broke Record

5 Projects with 1,780 Units Launching Next Week At least 5 new projects will be launching next week, including Park One by Henderson, The Met Bliss in Ma On Shan by Wang On Properties, Alto Residences in Tseung Kwan O by Lai Sun Development, NAPA by Wheelock & Co., and 2GETHER by HKR International in Tuen Mun. All 5 projects … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 7, 2016

Oct 6's Property News Roundup: Kerry wins Kowloon Tong site for HK$7.2b, mortgage war at H+1.35%

Kerry wins Kowloon Tong site for $7.2billion Kerry Properties beat ten other companies for a government site at Beacon Hill, Kowloon Tong at a bid of HK$7.2688 billion, or HK$21,204 per square foot, making it the most expensive land sale in Kowloon. The price is at the upper end of the market’s expectation and is the highest since the site in … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

October 6, 2016

Weekly Roundup - Hong Kong Property Remains At Risk Of Bubble; Island Garden Price List Released

Hong Kong Office Property Landlords Race To Sell As Mainland Buyers Push Up Prices — An SCMP.com article reports on several recent transactions by mainland Chinese companies who continue to look for investment opportunities outside of China. Market remains strong as evidenced by Henderson Land’s sale of Golden Centre, which sold at a valuation near Central Grade-A pricing despite its … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

September 30, 2016

4 Problems Within The Hong Kong Property Market

When you think about some of the outstanding problems within the Hong Kong property market, what comes to mind? Declines in prices and transactions Unaffordability More foreigners renting instead of purchasing Too many agents and a fluctuating market Stamp duty fees scaring away non-residents More than likely, property investors, real estate agents and brokers in Hong Kong would agree with … Continue reading "Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100, Alto Residences 1-room Flats Sold Out"

September 27, 2016

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