Hong Kong Property

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 …

Asif Ghafoor - 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, …

Asif Ghafoor - 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 …

Asif Ghafoor - 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 …

Asif Ghafoor - 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 …

Asif Ghafoor - 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 …

Asif Ghafoor - 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 …

Asif Ghafoor - November 23, 2016