GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion

GRAND AUSTIN Parking Lot Broke Record Price Parking lots are drawing more investment after the government launched the new stamp duty measures. A parking space in GRAND AUSTIN in Tsim Sha Tsui was sold at HK$3.43 million with lease, setting a new high record of parking space price of the estate. The rental rate of return is estimated as 2%. … Continue reading "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

November 15, 2016

First Hand Deals Reduced 73% During Weekend, Second Hand Market Recorded Only 17 Deals

First Hand Deals Reduced 73% During Weekend First hand market remains still after the government’s cooling measures launched. In the past weekend, only 35 transactions involving 14 new projects were recorded, 73% lower than the previous week, giving that no new project was launched after the government raised the double stamp duty to 15%. Second Hand Market Recorded Only 17 Deals … Continue reading "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

November 14, 2016

Cheung Kong Offers 15% Tax Salve For The Zumurud, Kingswood Villas 2-room Unit Deal Set Record

Cheung Kong Offers 15% Tax Salve For The Zumurud Cheung Kong becomes the first developer to ‘waive’ custumers’ 15% double stamp duty. From now until 15 December, non-first-time buyers purchasing units of The Zumurud – its joint project with Walter Kwok Ping-sheung in Ma Tau Kok – would be offered a 15% stamp duty discount. Kingswood Villas 2-room Unit Deal … Continue reading "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

November 11, 2016

HKR & Hysan Bought Two Tai Po Sites for HK$3.39b, Expert Expects Little Harm on Home Market by Trump's Victory

HKR & Hysan Bought Two Tai Po Sites for HK$3.39b Two neighbouring residential sites in Tai Po Lo Fai Road were awarded to a joint venture between HKR International and Hysan Development for HK$3.39 billion yesterday. The average prices per square foot of the two sites are HK$6,439 and HK$7,007, which are 16% and 7% higher than market valuation respectively. … Continue reading "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

November 10, 2016

MOUNT NICHOLSON Sold At $104,803/sqft, AVA55 Received 80 Subscriptions

MOUNT NICHOLSON Sold At $104,803/sqft The latest cooling measures have little effect on Hong Kong’s luxury property market. 4 units of Mount Nicholson at the Peak were sold yesterday, with average price at HK$92,252 per square foot. One single buyer, who is a first time buyer who have saved about HK130 million in double stamp duty, spent over HK$1.2 billion to … Continue reading "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

November 9, 2016

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 "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

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 "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

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 "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

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 "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

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 "GRAND AUSTIN Parking Lot Broke Record Price, Cheung Kong To Offer DSD Discount For La Mansion"

November 2, 2016

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