{"id":3056,"date":"2016-09-30T11:44:03","date_gmt":"2016-09-30T03:44:03","guid":{"rendered":"http:\/\/www.spacious.hk\/en\/blog\/?p=3056"},"modified":"2023-11-02T16:38:03","modified_gmt":"2023-11-02T08:38:03","slug":"weekly-roundup-hong-kong-property-remains-at-risk-of-bubble-island-garden-price-list-released","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/weekly-roundup-hong-kong-property-remains-at-risk-of-bubble-island-garden-price-list-released","title":{"rendered":"Weekly Roundup &#8211; Hong Kong Property Remains At Risk Of Bubble; Island Garden Price List Released"},"content":{"rendered":"<p><b>Hong Kong Office Property Landlords Race To Sell As Mainland Buyers Push Up Prices<\/b><span style=\"font-weight: 400;\"> \u2014 An<\/span><a href=\"http:\/\/www.scmp.com\/property\/hong-kong-china\/article\/2022986\/hong-kong-office-property-landlords-race-sell-mainland\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SCMP.com<\/span><\/a><span style=\"font-weight: 400;\"> article reports on several recent transactions by mainland Chinese companies who continue to look for investment opportunities outside of China. Market remains strong as evidenced by Henderson Land\u2019s sale of Golden Centre, which sold at a valuation near <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/central\"><span style=\"font-weight: 400;\">Central<\/span><\/a><span style=\"font-weight: 400;\"> Grade-A pricing despite its <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/sheung-wan\"><span style=\"font-weight: 400;\">Sheung Wan<\/span><\/a><span style=\"font-weight: 400;\"> location.<\/span><\/p>\n<p><b>Hong Kong Has Least Affordable Housing, Remains At Risk Of A Bubble<\/b><span style=\"font-weight: 400;\"> \u2014 A UBS study indicates that <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/questions\/for-sale\"><span style=\"font-weight: 400;\">Hong Kong<\/span><\/a><span style=\"font-weight: 400;\"> has least affordable housing among global financial centers, ahead of <\/span><a href=\"https:\/\/www.spacious.hk\/en\/london\/new-property-developments\"><span style=\"font-weight: 400;\">London<\/span><\/a><span style=\"font-weight: 400;\">, Paris, Singapore and <\/span><a href=\"https:\/\/www.spacious.hk\/en\/new-york\/new-property-developments\"><span style=\"font-weight: 400;\">New York<\/span><\/a><span style=\"font-weight: 400;\">. \u2014<\/span><a href=\"http:\/\/www.scmp.com\/business\/article\/2023036\/hong-kong-has-least-affordable-housing-remains-risk-bubble-says-ubs\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SCMP.com<\/span><\/a><\/p>\n<p><b>Island Garden Launch Prices Show Renewed Confidence from Developers<\/b><span style=\"font-weight: 400;\"> &#8211; Nan Fung released price lists for the first round of sales at it\u2019s new project <\/span><a href=\"http:\/\/islandgarden.com.hk\/index?lang_name=en&amp;utm_source=Spacious&amp;utm_medium=SiteOverlayandMobileEdition%2CCubes%2CNotificationAdvert&amp;utm_campaign=Island%20Garden#firstvisit\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Island Garden<\/span><\/a><span style=\"font-weight: 400;\"> in <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/shau-kei-wan\"><span style=\"font-weight: 400;\">Shau Kei Wan<\/span><\/a><span style=\"font-weight: 400;\">. \u00a0After recent strength in the primary market, Developers appear to be regaining confidence with Island Garden\u2019s pricing launched in the range of HK$20,272 to HK$29,821 per square foot. Developers continue to offer significant discounts and financing packages. &#8211; <\/span><a href=\"http:\/\/www.scmp.com\/property\/hong-kong-china\/article\/2023033\/hong-kongs-nan-fung-development-prices-island-garden-units\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SCMP.com<\/span><\/a><\/p>\n<p><b>Hong Kong\u2019s Newest Property Scam?<\/b><span style=\"font-weight: 400;\"> \u2014<\/span><a href=\"http:\/\/www.scmp.com\/news\/hong-kong\/law-crime\/article\/2023203\/hong-kong-man-arrested-role-hk3-million-housing-scam\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SCMP.com<\/span><\/a><span style=\"font-weight: 400;\"> reports that a gang member was recently arrested due to involvement in a fraud operation in which a man was scammed out of HK $3 million. The gang pretended to be flat owners in Festival City in <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/tai-wai\"><span style=\"font-weight: 400;\">Tai Wai<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>Nan Fung Partners With Spacious<\/b><span style=\"font-weight: 400;\"> \u2014 The leading residential and commercial property developer is working with Spacious to promote the residential development <\/span><a href=\"http:\/\/islandgarden.com.hk\/index?lang_name=en&amp;utm_source=Spacious&amp;utm_medium=SiteOverlayandMobileEdition%2CCubes%2CNotificationAdvert&amp;utm_campaign=Island%20Garden#firstvisit\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Island Garden<\/span><\/a><span style=\"font-weight: 400;\"> in <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/shau-kei-wan\"><span style=\"font-weight: 400;\">Shau Kei Wan<\/span><\/a><span style=\"font-weight: 400;\">. \u2014 Spacious.hk<\/span><\/p>\n<p><b>Mainland Drives Thirst For Office Space In Hong Kong <\/b><span style=\"font-weight: 400;\">\u2014 The Shenzhen-Hong Kong Stock Connect continues to lure mainland Chinese investors to Hong Kong, and there continues to be a demand for Hong Kong office space. \u2014<\/span><a href=\"http:\/\/www.chinadailyasia.com\/hknews\/2016-09\/27\/content_15502090.html\" target=\"_blank\" rel=\"nofollow noopener\"> <span style=\"font-weight: 400;\">China Daily Asia<\/span><\/a><\/p>\n<p><b>Hong Kong Property Fluctuates in 2016, What\u2019s Next <\/b><span style=\"font-weight: 400;\">\u2014 A<\/span><a href=\"http:\/\/www.currentbiz.io\/Snapshot\/hong-kong-most-at-risk-of-housing-bubble\" target=\"_blank\" rel=\"nofollow noopener\"> <span style=\"font-weight: 400;\">Currentbiz.io<\/span><\/a><span style=\"font-weight: 400;\"> article takes a look at the fluctuating <\/span><a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\"><span style=\"font-weight: 400;\">Hong Kong property<\/span><\/a><span style=\"font-weight: 400;\"> market. Some believe that a further slowdown in China\u2019s economy could have a severe impact on South East Asia markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>Cement Prices To Rally Thanks To Booming Property Market <\/b><span style=\"font-weight: 400;\">\u2014 Domestic property developers are accelerating construction due to an increase in sales. This has had a huge impact on cement manufacturers in the mainland and Hong Kong. \u2014<\/span><a href=\"http:\/\/www.scmp.com\/business\/companies\/article\/2022931\/cement-prices-rally-thanks-booming-property-market\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SCMP.com<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong Office Property Landlords Race To Sell As Mainland Buyers Push Up Prices \u2014 An SCMP.com article reports on several recent transactions by mainland Chinese companies who continue to look for investment opportunities outside of China. Market remains strong as evidenced by Henderson Land\u2019s sale of Golden Centre, which sold at a valuation near Central Grade-A pricing despite its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3058,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[69,68,67],"class_list":["post-3056","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-headline","tag-hot-news","tag-spacious-news"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/comments?post=3056"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/3058"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=3056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=3056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=3056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}