Hong Kong Property

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 …

Asif Ghafoor - January 24, 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 …

Asif Ghafoor - January 25, 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 …

Asif Ghafoor - January 26, 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 …

Asif Ghafoor - January 27, 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 …

Asif Ghafoor - January 3, 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 …

Asif Ghafoor - January 4, 2017

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 …

Asif Ghafoor - January 5, 2017