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12/14 News Roundup: The Zumurud Gives HK$1.68m Gifts to First Five Buyers, Second Hand Home Prices Soar

The Zumurud Gives HK$1.68m Gifts to First Five Buyers Cheung Kong Property Investment Director Wong Sze-chung said the company is offering first-class air tickets to Paris and five-stars hotel stays for the first five buyers of its project in Ma Tau Kok – The Zumurud. The promotion will begin on Friday until January 2. The developer will also be giving …

Tracy Lam - December 14, 2016

12/13 News Roundup: Standard Chartered Cuts Mortgage Rate to H+1.33%, City One Shatin Price Soars To One-year High

Standard Chartered Cuts Mortgage Rate to H+1.33% According to source of Sing Tao Daily, Standard Chartered has cut its mortgage rate to 133 basis points above the Hong Kong Interbank Offered Rate (HIBOR), for loans of at least HK$8 million, offering the cheapest loan in the city. Meanwhile, Bank of China (Hong Kong) is offering mortgage rate of 140 basis …

Tracy Lam - December 13, 2016

12/12 News Roundup: Metro City & Dawning Views Carparks Set Record Prices, 26 Transactions Recorded in 100 Main Estates

Metro City & Dawning Views Carparks Set Record Prices Carparks in Tseung Kwan O’s Metro City and Fanling’s Dawning Views transacted in all-time high prices yesterday. A parking space in Metro City Phase 2 was sold at HK$1.2 million, 11% higher than the original record in HK$1.08 million. Meanwhile, two parking lots in Dawning Views were both sold at HK$1.28 million, 6.7% more …

Tracy Lam - December 12, 2016

12/9 News Roundup: Central Office Rents Rank First in the World, Eden Manor Targets At Mainland Buyers

Central Office Rents Rank First in the World Hong Kong’s office rents in Central surged to the world’s highest this year. Hong Kong ranks No 1 in terms of the world’s highest rent for a premium office, with London and New York in second and third place respectively, according to JLL’s latest Global Premium Office Rent Tracker. The price of …

Tracy Lam - December 9, 2016

12/8 News Roundup: IMF Warns Possible Downturn in HK Property Market, Tin Shui Wai HOS Flat Sold For HK$10,085 per sqft

IMF Warns Possible Downturn in HK Property Market The International Monetary Fund (IMF) announced its annual assessment of Hong Kong economy yesterday. It identified one of the main risks Hong Kong facing is the possible downturn of property market due to the rising interest rate, resulting in adverse effect on the local economy. IMF supported the cooling measures adapted by …

Tracy Lam - December 8, 2016

12/7 News Roundup: 1,900 New Homes Ready For Sale Early Next Year, Public Estate Carpark Sold At HK$1.165m

1,900 New Homes Ready For Sale Early Next Year The government’s cooling measures have been affecting property developers’ plan on launching new projects. Several new projects including Sun Hung Kai’s The Pavilia Bay in Tsuen Wan and Mount Pavilia in Clear Water Bay; Cheung Kong’s Crescendo in Yuen Long San Tin and Ocean Pride in Tsuen Wan West; and Kerry’s …

Tracy Lam - December 7, 2016

12/6 News Roundup: Kai Tak Site Winner Pledged Shares For Loans, Public Houses Sold In High Prices

Kai Tak Site Winner Pledged Shares For Loans The controlling shareholder of HNA Holding Group (521) pledged nearly all of its stake in the firm as security for a loan – a month after the group paid a jaw-dropping HK$8.84 billion for its first residential site in Hong Kong. Hong Kong HNA Holding Group, has pledged 56.11% or 6.39 billion shares in the …

Tracy Lam - December 6, 2016