New Property Development

202 - 806 Sqft
Studio - 3 bed(s)
Studio - 3 bed(s)
483 - 1992 Sqft
2 - 4 bed(s)
82
Wheelock Properties
138 - 259 Sqft
Studio - 1 bed(s)
30
Tai Hung Fai Enterprise
HK$2.76M
- 5.82M
4171 - 4578 Sqft
5 bed(s)
5
K. Wah International
276 - 2643 Sqft
Studio - 4 bed(s)
47
Winful Far East Limited
1 - 4 bed(s)
2000
Sun Hung Kai Properties
229 - 778 Sqft
Studio - 3 bed(s)
404
Henderson Land Development
HK$6.58M
- 26.31M
4801 - 5295 Sqft
4 - 5 bed(s)
4
Zen Wei Peu, Chairman of Build King Holdings
HK$160.00M
- 208.00M
1352 - 2496 Sqft
2 - 4 bed(s)
35
Top Dollars Development
186 - 250 Sqft
Studio - 1 bed(s)
130
Kwai Hung Group
HK$4.05M
- 11.07M
18270 Sqft
11 bed(s)
1
FirstGroup PLC
2865 - 12566 Sqft
3 - 4 bed(s)
54
Nan Fung Group
HK$175.00M
- 605.00M
4964 - 8694 Sqft
4 - 5 bed(s)
8
Tai Cheung Holdings
4751 - 4848 Sqft
6 bed(s)
7
National Properties Holdings
HK$428.00M
- 478.00M
400 Sqft
1 bed(s)
48
Hanison Construction
HK$11.55M
- 13.60M
2846 - 6867 Sqft
3 bed(s)
16
Asia Standard, Couture Homes, Grosvenor
HK$168.00M
- 220.00M
200 - 571 Sqft
Studio - 3 bed(s)
420
Henderson Land Development
HK$6.18M
- 8.71M
5347 - 5915 Sqft
4 - 5 bed(s)
11
Cheung Kong
HK$467.00M
- 520.00M
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About New Property Developments

Many Hong Kong people see homeownership as a life-long goal and consider property investment to be a very lucrative business. Among all types of housing, new development projects are some of the most highly sought after. It is a common sight on weekends to see thousands of first-time homebuyers and sophisticated investors flocking to project launches, waiting in line for a chance to buy a unit despite the deterring high prices in the local market.

To buy a new property, one typically has to use a realtor to handle the transaction and, more importantly, to enjoy the rebate realty agencies offer. Every month, the Lands Department releases a list of new development projects which are consented for sales on its website. This list is usually how the general public gets wind of a new property launch.

Once the project is consented, the developer will upload a sales brochure on the new development’s official website in weeks (no later than 7 days before the sale date). The brochure contains detailed information on the properties, such as floor plans, a summary of the deed of mutual covenant, fittings, finishes and appliances.

No later than 3 days before the sale date, the developer will also release the sales arrangements which state the time, date, and venue of the sale and descriptions of the specified residential properties that will be offered to be sold.

The balloting, flat selection, and signing of Preliminary Agreement for Sale and Purchase will usually take place on the same day during the sale period. Successful buyers can then apply for home mortgages with the preliminary agreement and choose to begin mortgage payment before or after the completion date.

It is essential to conduct a home inspection before moving into a new development. In cases of defects, developers will bear the responsibility and cost of remediation.

New Developments in Hong Kong