Hong Kong Property

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

27/7 News Roundup: HKU suggests reclaiming Plover Cove for 300,000 homes, Quarry to get new lease for subsidized houses

HKU suggests reclaiming Plover Cove for 300,000 homes A research team from the University of Hong Kong says the government should re-start large-scale reclamation, including filling up Plover Cove Reservoir to provide 1,200 hectares of land on which to build 300,000 homes. The team from the Ronald Coase Centre for Property Rights Research, HKUrbanLab, said the government should solve the …

Asif Ghafoor - July 27, 2017

26/7 News Roundup: Novi rolling out first 60 units, Cheung Kong to launch 185 flats in My Central

Novi rolling out first 60 units Lai Sun Development launched its latest residential project in Prince Edward – Novi – with sizes range from 175 saleable square feet to 312 square feet, and priced from about HK$3.07 million. The developer said the average per saleable square foot price is HK$18,831 and the cheapest unit will be a 226-square-foot flat, which …

Asif Ghafoor - July 26, 2017

24/7 News Roundup: Weekend first-home deals dropped 60%, Homantin Hillside Duplex sold at HK$46,015/sf

Weekend first-home deals dropped 60% Yesterday’s typhoon has ‘blown away’ some transactions in the primary home market. First-home transactions dropped from 250 in the previous weekend to 100, or 60% fewer than this weekend. In Tsuen Wan’s Ocean Supreme, over 26 units were sold. 13 units were sold in Victoria Skye in Kai Tak. Meanwhile, 63 Pokfulam in Sai Ying …

Asif Ghafoor - July 24, 2017

21/7 News Roundup: Price cut in Ma Tau Kok project, Ocean Supreme sold another 7 units

Price cut in Ma Tau Kok project Lai Sun Development and the Urban Renewal Authority have reduced prices on eight flats at a Ma Tau Kok project, 93 Pau Chung Street, by about 3.8% to 10%. Five of the units are studios, sized from 300 to 316 sellable square feet. Their prices are cut 5%, while a 514-square-foot home is …

Asif Ghafoor - July 21, 2017

5 Online Marketing Tactics Property Agents Should Know to Get 3x Enquiries

Recently, an agent told me that his company is getting more enquiries from Spacious than the other platforms in Hong Kong. He shared the data with me and let me have a look on the comparison of the three major platforms. From the above table, one could see Spacious has been giving more – even a triple number of enquiries …

Asif Ghafoor - July 19, 2017

19/7 News Roundup: Tin Shui Wai home cost exceeds $10k/SqFt, 11 new project plans approved providing 3,000 units

Tin Shui Wai home cost exceeds $10k/SqFt Home cost per square foot in Tin Shui Wai secondary market has surpassed the HK$10,000 boundary. A 442-square-foot two-bedroom unit in Kingswood Villas was sold yesterday in HK$4.55 million, or HK$10,294 per square foot, making it the highest price per square foot in apartments of the housing estate. A real estate agent said …

Asif Ghafoor -