Hong Kong Property

1/6 News Roundup: One Kai Tak II Prices At HK$17,589/sqft, Tsing Yi Public House Sold at HK Record Price

One Kai Tak II Prices At HK$17,589/sqft China Overseas Land & Investment has raised the sale price of its latest apartments by 20% for its Kai Tak new project. The first 125 units of One Kai Tak Phase Two will be offered between HK$17,414 to HK$26,013 per square foot. After taking into account a 14.5% rebate, the price will come …

Asif Ghafoor - January 6, 2017

1/8 News Roundup: Home price rise in June slows down, Novi rolling out another 38 units

Home price rise in June slows down Hong Kong’s residential property prices, already the world’s highest based on square footage, rose in June for the 15th straight month to a record, but at a slower pace. The monthly home price index, which represents movements in the second-hand property market, rose 0.69% to 336.1 in June, compared with 333.8 in May, according …

Asif Ghafoor - August 1, 2017

1/9 News Roundup: One Kai Tak (II) Received 1,500 Subscriptions, Grand YOHO First Batch On Sale this Thursday

One Kai Tak (II) Received 1,500 Subscriptions China Overseas has received around 1,500 subscriptions for 125 flats from the second phase of One Kai Tak which were launched last Thursday. China Overseas Property managing director Tony Yau Wai-kwong said there are still room for prices to go up and that the company might launch more flats for sale tomorrow. The …

Asif Ghafoor - January 9, 2017

10/10 News Roundup: URA received 9 tenders for Peel Street commercial site

URA received 9 tenders for Peel Street commercial site The Urban Renewal Authority (URA) received 9 tenders for a 29,000-square-foot commercial development site on Peel Street and Graham Street in Central. The project to be built on the site will provide a gross floor area of not more than 434,000 sq ft for office, hotel and retail purposes, as well …

Asif Ghafoor - October 10, 2017

10/8 News Roundup: One Kai Tak (II) launched another 119 flats, Novi rolling out last 40 units

One Kai Tak (II) launched another 119 flats China Overseas Land & Investment will release for sale an additional 119 units on Sunday at its One Kai Tak project phase two. The latest batch features two and three-bedroom units, sized between 524 and 799 saleable square feet, at an average per square foot price of HK$24,400 – 2% up compared …

Asif Ghafoor - August 10, 2017

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 …

Asif Ghafoor - October 11, 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 …

Asif Ghafoor - October 12, 2016