Hong Kong Property

13/9 News Roundup: Tai Po residential site awarded at the low end of market valuation – in contrast to the two previous land sales that achieved higher-than-expected prices

Spacious’ View: Tai Po residential site awarded at the low end of market valuation – in contrast to the two previous land sales with a higher market expected prices. Manhattan Group won Tai Po residential site for HK$323m A residential site on Yat Yiu Avenue in Tai Po was awarded yesterday to Manifold Ltd, a company associated with Hong Kong-based Manhattan …

Tracy Lam - September 13, 2017

8/9 News Roundup: Oasis Kai Tak prices at HK$20k/SqFt – tops the district over the past 12 months.

Spacious’ View: Oasis Kai Tak prices at HK$20k/SqFt – tops the district over the past 12 months. Oasis Kai Tak prices at about HK$20k/SqFt Wheelock Properties priced its Oasis Kai Tak project at about HK$20,000 per saleable square foot – the most expensive in Kai Tak district over the past 12 months. The first batch launched comprised 130 units, the smallest being …

Tracy Lam - September 8, 2017

5/9 News Roundup: First-hand home sale boosting flat transactions in August

Spacious’ View: The increase of first-hand home sale in August is boosting last month’s flat transactions in the city. August flat transactions rise 12.3% The number of sales and purchase agreements for all building units received for registration in August was 6,130, representing a month-on-month increase of 12.3% but a year-on-year decline of 17.5%, statistics released yesterday by the Land Registry …

Tracy Lam - September 5, 2017

30/8 News Roundup: First-hand ‘war’ is expected in Tuen Mun in September

Spacious’ View: First-hand ‘war’ is expected in Tuen Mun in the coming month, with two new projects launching in the district.   COO Residence to sell the cheapest unit in HK$2.88m Couture Homes Properties, a subsidiary of CSI Properties said its COO Residence project in Tuen Mun is priced at about HK$15,000 per saleable square foot, and the cheapest unit costs HK$2.88 …

Tracy Lam - August 30, 2017

29/8 News Roundup: Supply in the first-hand market is sufficient, with several new projects launching in September

Spacious’ View: Supply in the first-hand market is sufficient, with several new projects launching in September. Parc City receiving 7,000 subscriptions for last 432 units The most signed-up new project since 1997 – Parc City in Tsuen Wan rolled out the last batch of units yesterday. Chinachem launched the sixth price list of the project comprising 100 units, with a …

Tracy Lam - August 29, 2017

28/8 News Roundup: New projects receiving overwhelming subscriptions, while only single-digit deals recorded in second home market

Spacious’ View: New projects are receiving overwhelming subscriptions, while only single-digit deals were recorded in the second home market. Parc City received another 1,700 subscriptions After selling all the 521 units launched last Friday, Chinachem has rolled out another two price lists comprising 332 units from its Tsuen Wan new project – Parc City. Sources said the company has received about …

Tracy Lam - August 28, 2017

24/8 News Roundup: Parc City becomes the most popular new project since 1997.

Spacious’ View: The lower-than-expectation price of Parc City makes it the most popular new project since 1997.   Parc City received record-breaking subscriptions Chinachem’s latest residential project, Parc City in Tsuen Wan West, reportedly received 22,500 subscriptions for 521 flats on its third price list, sources say. This project is said to have received the most subscriptions since 1997 for project …

Tracy Lam - August 24, 2017