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All articles related to "Hong Kong Property"

Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit

Property Stocks Plunged After Cooling Measures The stock prices of local property developers plunged after the government launched the cooling measures in the property market. The stock price of Sun Hung Kai (016) fell 9.88% to HK$104, making it the biggest fall among blue chips yesterday and suffering a paper loss of HK$33 billion. New World Development (017) slumped over … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

November 8, 2016

Double Stamp Duty Raised To 15%, Second Hand Market Cools Down After DSD Rise

Double Stamp Duty Raised To 15% The government has raised the stamp duty on property transactions for non first-time buyers to 15%, effective November 5. This double stamp duty (DSD) only applied on individuals, corporate and overseas non-first-time buyers, charging 1.5% to 8.5% tax depending on the price of the property. The government claimed that this will help people who … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

November 7, 2016

Two Kai Tak New Projects Ready For Sale, Site Deal Heats Up The Latitude Transactions

Two Kai Tak New Projects Ready For Sale Two new projects in Kai Tak area, One Kai Tak Phase 2 and K. City, were issued Consent to Sell yesterday, providing over 1,500 flats for the district. Both of their developers urge to start the sale within November. One Kai Tak Phase 2 will again be restricted by the “Hong Kong … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

November 4, 2016

Mainland Firm Got Kai Tak Site for HK$8.8 billion, AVA 55 Average Prices At HK$17,880/sqft

Mainland Firm Bought Kai Tak Site for HK$8.8 billion A mainland firm Hongkong Island Construction Properties acquired a Kai Tak residential site for HK$8.837 billion, 1.5 times over the market evaluation. The site occupies 121,224 square feet and the land price per square foot reaches HK$13,500, making it the highest record in the district. AVA 55 Average Prices At HK$17,880/sqft … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

November 3, 2016

Forever 21 To Quit Flagship Next August, King Lam Estate Broke Public House Price Record in NT

Forever 21 To Quit CWB Flagship Next August US fashion retailer Forever 21 is quitting from its flagship store in Causeway Bay next August, while Victoria’s Secret will be taking over the location with half of the current rent. The rent of the 6-storey shop is now HK$13.8 million, making it the most expensive shop rent in Hong Kong. Victoria’s … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

November 2, 2016

Home Price Reaches New High This Year, One Homantin Rolls Out 80 New Units

Home Price Reaches New High This Year Statistics from the Rating and Valuation Department showed that the private domestic home monthly price index rose by 2.8% to 295.5 in September, reaching a new high this year and a step closer to last year’s peak of 306.1. One Homantin Rolls Out 80 New Units The extension of Kwun Tong Line is … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

November 1, 2016

Buyers Snap Up 2GETHER's Small Units, Mantin Heights Prices Up 83 Flats for 2-4%

Buyers Snap Up 2GETHER’s Small Units Several new projects are receiving warm response from weekend buyers. According to developers’ data, the sales of new projects are as follow: Tuen Mun’s 2GETHER: 164 units were sold last Saturday, in which 92 studios are all sold out and 93% of one-room flats are sold. Tuen Mun’s NAPA: 85 units were sold until … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 31, 2016

Find Discounted Haunted Apartments With the First Augmented Reality Search App for Real Estate

Ready to do some ghostbusting? The latest version of Spacious‘ top-ranked real estate app, provides users with an augmented reality (AR) experience of searching for ‘ghost apartments’ in Hong Kong, Taiwan, and mainlandChina. The new feature, which was influenced by the successful Pokemon Go app, marks the first time AR has been used in conjunction with an apartment search feature. … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 28, 2016

Mid-level Carpark Set Record Price, AVA 55 HK$4.5 Management Fee Without Club House

Mid-level Carpark Set Record Price A carpark at 55 Conduit Road in Mid-Levels was sold at a record-breaking price for HK$4.8 million last month. The deal broke the record as the most expensive carpark in Hong Kong, compared to the previous record held by a carpark from 39 Conduit Road which was sold for HK$4.24 million in May 2014. AVA 55 … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 28, 2016

E-alert Service To Warn Banks of Second Mortgage, 2GETHER Received Quintuple Subscriptions

E-alert Service To Warn Banks of Second Mortgage Hong Kong Monetary Authority (HKMA) and Land Registry will provide an electronic alert service for local banks when homeowners take out a second mortgage without seeking consent from the original mortgaging banks. HKMA said it is to help local banks be alert to unauthorized further mortgage and to reduce the threat to banking … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 27, 2016

Kerry Provides 80% Mortgage for Mantin Heights, Two Tuen Mun Projects Roll Out Extra Flats

Kerry Provides 80% Mortgage for Mantin Heights Kerry Property will provide a mortgage up to 80 percent of the home value for its Mantin Heights project in Ho Man Tin while it launched another batch of 143 flats yesterday. The repayment period could be as long as 28 years. It is offering an interest rate at P-2.75 percent for the … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 26, 2016

Read Before Invest Globally: Interview with Andrew Baum, Leading Real Estate Expert & Author

Andrew Baum is a leading real estate expert, MBA real estate professor and the author of several real estate books, including Global Property Investments: Strategies, Structures, Decisions. He spoke with Spacious regarding the need for a book on global property investments, how technology is changing the markets, and his tips on analyzing property investments in Hong Kong.  You’ve already written … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 25, 2016

Sai Ying Pun's 'Space Capsule' Rents at $5,100, Alto Residences 1-room Flats Sold Out

Sai Ying Pun’s ‘Space Capsule’ Rents at $5,100 A homeowner in Sai Ying Pun turned his 830-square-foot flat into 20 ‘space capsules’, each of which is rented out for HK$5,100 per month. According to a rental property website, the owner claims that each unit is equipped with computer, dressing table, USB charger, television, LED lighting, adjustable air-conditioning, and even memory … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 25, 2016

24 Oct 2016 Property News Roundup: 2GETHER Received 15 Times Over Subscriptions, 280 First Hand Trades Recorded Over Weekend

2GETHER Received 15 Times Over Subscriptions Several new projects launched last week and all received warm buyer response. Tuen Mun’s 2GETHER by HKR received 770 subscriptions, 15 times over the quota. The company might launch the next batch of units this week, according to market reactions. 280 First Hand Trades Recorded Over Weekend First hand market becomes viral this month. … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 24, 2016

20 Oct 2016: Property News Roundup: Alto Residences Received Over 8,600 Subscriptions, EAA Forces Identification of Sellers on Sales Agreements

Alto Residences Received Over 8,600 Subscriptions Heavy rain did not stop Hong Kong first hand property buyers, as queues were seen in several first-sale sites yesterday. Alto Residences closed submission yesterday. The developers said they received over 8,600 subscriptions, 22.7 times over the amount of units available. Tuen Mun’s 2GETHER also received over 100 subscriptions so far, doubling the number … Continue reading "Property Stocks Plunged After Cooling Measures, Buyers Remain Hesitant After Curbs Hit"

October 20, 2016

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