2/27 News Roundup: Land Sale Pushing Up Ap Lei Chau Second Hand Prices, K City Received Over 500 Subscriptions for 128 Units

Land Sale Pushing Up Ap Lei Chau Second Hand Prices After last Friday’s record high-price residential land sale in Ap Lei Chau, second hand home prices in the nearby and coastal districts have risen by landlords immediately. The ask price of South Horizons in Ap Lei Chau has risen 8% to 10% in average, while the ask prices of Heng Fa […]

February 27, 2017

The 2017-18 Budget: Property Market Highlights

On Thursday, Hong Kong Financial Secretary Paul Chan Mo-po announced the 2017-2018 budget. This was Mr. Chan’s first budget announcement following John Tsang Chun-wah’s resignation in December to enter the run for Chief Executive. The event marked the final budget of the outgoing administration of Chief Executive Leung Chun-ying. Despite the introduction of additional demand cooling measures and a commitment to […]

February 24, 2017

2/24 News Roundup: 28 Residential Sites Coming - 8 in Kai Tak, K.City To Launch 168 More Flats

28 Residential Sites Coming – 8 in Kai Tak The government will launch 28 residential sites in fiscal 2017-18 – including 20 new ones. The 28 residential sites will provide 18,910 flats, with 13,810 of those coming from the 20 new sites. Among the new residential sites, 8 – with about 7,500 flats – will be at Kai Tak. Meanwhile, five […]

February 24, 2017

2/23 News Roundup: Buyer Snaps Up 6 Flats from K.City for HK$68m, New World To Roll Out 5 News Projects this Year

Buyer Snaps Up 6 Flats from K.City for HK$68m K Wah International unloaded all 168 flats available from its K.City residential project in the second round of sales yesterday. One local buyer spent HK$68 million to acquire six flats at the Kai Tak development. The developer also sold seven flats, ranging in size from 372 to 797 saleable square feet, […]

February 23, 2017

2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price

K.City Received 6.6x Subscriptions for 168 Units K Wah has received about 1,285 subscriptions for the second round of sale of 168 units from K.City, 6.6 times over the number of available units. The sale will take place today and buyers can purchase 8 units at most. The developer will also open tender for 7 flats from the project today. […]

February 22, 2017

2/21 News Roundup: Seanorama to Upload Sales Brochure this Week, URA Central Project Draws 22 Tenders

Seanorama to Upload Sales Brochure this Week Cheung Kong director William Kwok Tsz-wai said the company plans to upload the sales brochure for its new Ma On Shan project – Seanorama – this week and open show flats next week. The project will offer a total of 454 flats, ranging from 738 to 1,732 saleable square feet. There will be […]

February 21, 2017

2/20 News Roundup: K.City Launched 3rd Price Listing comprising 152 Units, Eden Manor to Roll Out 118 Flats

K.City Launched 3rd Price Listing comprising 152 Units K Wah International sold all 208 flats available at its Kai Tak project – K.City – on Saturday, reaping about HK$2 billion. Company general manager Tony Wan Wai-ming said one first time buyer spent HK$140 million to snap up 15 flats at the development. K Wah had launched its third price list […]

February 20, 2017

2/16 News Roundup: NWD Won Cheung Sha Wan Commercial Site For HK$7.79b, Eden Manor To Reveal Prices this Weekend

NWD Won Cheung Sha Wan Commercial Site For HK$7.79b New World Development beat eight competitors as it acquired in a government tender a commercial site at King Lam Street in Cheung Sha Wan with a winning bid of HK$7.79 billion. Its offer was about 4% over the upper limit of analysts’ valuation of the site. New World’s bid exceeded the […]

February 16, 2017

2/14 News Roundup: 620 Subsidised Sale Flats Rolling Out in Late-2017, K.City Priced Up 5.5% For Second List of 98 Flats

620 Subsidised Sale Flats Rolling Out in Late-2017 The Housing Society will launch 620 Subsidised Sale Flats (SSF) in Tseung Kwan O Area 73A and Tuen Mun Area 2 at the end of 2017, providing 330 and 290 units respectively. Both projects are targeted for completion in 2019/20. Marco Wu Moon-hoi, chairman of the Housing Society said the flats are […]

February 14, 2017

2/13 News Roundup: 58 Buyers Fought For One Deposit-forfeited Unit in The Papillons, K.City Received Over 800 Subscriptions

58 Buyers Fought For One Deposit-forfeited Unit in The Papillons A deposit-forfeited unit in Chinachem’s project in Tseung Kwan O – The Papillons attracts 58 buyers in yesterday’s resale. The developer drew lots immediately and a post-80s couple who won the lot bought the flat. Chinachem priced up the unit for over 10% to HK$7.03 million. Deducting several discounts offered, the […]

February 13, 2017

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