New Property Development

Studio - 1 bed(s)
115
Carrianna Group, Choice Holdings
180 - 420 Sqft
Studio - 2 bed(s)
83
Goodness Limited
HK$4.26M
- 8.32M
291 - 995 Sqft
1 - 3 bed(s)
592
Sino Group, K. Wah International, China Merchants Land
HK$7.37M
- 14.8M
263 - 722 Sqft
1 - 3 bed(s)
400
Sun Hung Kai Properties, Cheung Kong
HK$5.02M
- 12.56M
180 - 569 Sqft
Studio - 3 bed(s)
Studio to 3 bedroom, 180 - 569 sq. ft.
Henderson Land Development
HK$4.91M
- 9.45M
261 - 573 Sqft
Studio - 3 bed(s)
262
Hong Kong Ferry, Urban Renewal Authority
351 - 977 Sqft
1 - 4 bed(s)
805
Sino Group, China Overseas Land, K. Wah
HK$7.44M
- 21.98M
1 - 2 bed(s)
824
Sun Hung Kai Properties
230 - 770 Sqft
Studio - 3 bed(s)
576
Sun Hung Kai Properties
HK$4.6M
- 15.65M
943 - 2504 Sqft
3 - 4 bed(s)
206 - 800 Sqft
Studio - 3 bed(s)
614
Henderson Land
HK$4.83M
- 11.73M
339 - 769 Sqft
1 - 3 bed(s)
715
Sino Group, China Overseas Land, K. Wah
HK$7.23M
- 17.74M
251 - 1351 Sqft
Studio - 4 bed(s)
101
Sun Hung Kai Properties
HK$8.17M
- 28.93M
200 - 499 Sqft
Studio - 3 bed(s)
165
Vanke
HK$5.95M
- 11.9M
1018 - 3400 Sqft
3 - 4 bed(s)
66
Far East Consortium
333 - 1543 Sqft
1 - 4 bed(s)
1999
Sino Group, Chinese Estates Group, Urban Renewal Authority
HK$8.41M
- 28.38M
585 - 1157 Sqft
2 - 3 bed(s)
13
The Development Studio
HK$21.38M
- 25.28M
383 - 1028 Sqft
1 - 3 bed(s)
121
Sino Group, Urban Renewal Authority
169 - 446 Sqft
Studio - 2 bed(s)
187
Henderson Land
HK$5.54M
- 9.54M
183 - 866 Sqft
Studio - 3 bed(s)
1556
Kowloon Development
HK$4M
- 10.12M
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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