All articles related to new-development

Wings At Sea launched the 7th price list of 208 units, subscriptions opened Sun Hung Kai Property (SHKP)’s Wings At Sea has been receiving overwhelming subscriptions in all three rounds of sale and the developer launched the 7th price list of 208 units with a 2% to 3% price up yesterday. The developer has launched 3 round of sales consisting […]

Spacious’ View: With New World becoming the first mover, we expect more developers would join to roll out cheaper units for first-time home buyers in town. New World likely to launch first-time buyers flats In addition to launching a first-time buyers’ scheme, the government encourages local developers to roll out cheaper homes for first-time buyers while New World Development (NWD) […]

Spacious’ View: Wings at Sea priced 10% below Tseung Kwan O primary flats launched in March   Wings at Sea priced 10% below primary flats in Tseung Kwan O Sun Hung Kai Properties launched the first price list for 208 flats from its new project at Lohas Park – Wings at Sea, yesterday. The average discounted price per saleable square foot […]

Spacious’ View: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment. Warning over high-interest developer loans To push home sales, developers offer mortgage plans with high loan-to-value ratios to attract buyers who may not be able to get bank loans. But these, the Consumer Council warns, could cost buyers a few […]

Spacious’ View: Tai Po residential site awarded at the low end of market valuation – in contrast to the two previous land sales with a higher market expected prices. Manhattan Group won Tai Po residential site for HK$323m A residential site on Yat Yiu Avenue in Tai Po was awarded yesterday to Manifold Ltd, a company associated with Hong Kong-based Manhattan […]

Spacious’ View: Oasis Kai Tak prices at HK$20k/SqFt – tops the district over the past 12 months. Oasis Kai Tak prices at about HK$20k/SqFt Wheelock Properties priced its Oasis Kai Tak project at about HK$20,000 per saleable square foot – the most expensive in Kai Tak district over the past 12 months. The first batch launched comprised 130 units, the smallest being […]

Spacious’ View: 1,300 hopeful buyers queuing for 4 forfeited flats – may also be hopes for other new projects to see the demands.   1,300 buyers queued up for 4 forfeited Parc City flats About 1,300 hopeful buyers queued up yesterday at Parc City in Tseung Wan, where 4 flats that had deposits forfeited were put up for resale. One […]

Spacious’ View: First-hand ‘war’ is expected in Tuen Mun in the coming month, with two new projects launching in the district.   COO Residence to sell the cheapest unit in HK$2.88m Couture Homes Properties, a subsidiary of CSI Properties said its COO Residence project in Tuen Mun is priced at about HK$15,000 per saleable square foot, and the cheapest unit costs HK$2.88 […]

Spacious’ View: Supply in the first-hand market is sufficient, with several new projects launching in September. Parc City receiving 7,000 subscriptions for last 432 units The most signed-up new project since 1997 – Parc City in Tsuen Wan rolled out the last batch of units yesterday. Chinachem launched the sixth price list of the project comprising 100 units, with a […]

Spacious’ View: New projects are receiving overwhelming subscriptions, while only single-digit deals were recorded in the second home market. Parc City received another 1,700 subscriptions After selling all the 521 units launched last Friday, Chinachem has rolled out another two price lists comprising 332 units from its Tsuen Wan new project – Parc City. Sources said the company has received about […]