New Property Development

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Stubbs Road
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Hong Kong Island
Kowloon
New Territories East
New Territories West
Islands
214 - 544 Sqft
1 - 3 bed(s)
234
Henderson Land Development
HK$4.75M
- 79.71M
285 - 665 Sqft
1 - 3 bed(s)
650
Wheelock Properties, MTR
HK$5.08M
- 11.54M
Studio - 2 bed(s)
122
Henderson Land Development
177 - 754 Sqft
Studio - 3 bed(s)
714
Henderson Land Development
HK$3.52M
- 8.68M
2 - 4 bed(s)
642
Cheung Kong, MTR
5658 - 5678 Sqft
2
The Asta Holdings Limited
2496 - 2787 Sqft
4 bed(s)
6
Optimal Gains Ventures Limited
235 - 3415 Sqft
Studio - 4 bed(s)
807
Wong Sun Hing Limited
HK$4.84M
- 11.54M
1800 - 7000 Sqft
4 - 6 bed(s)
82
K&K Property Holdings Limited
572
Great Eagle Group, MTR
418
Great Eagle Group, MTR
7
Wang On Properties, Kam Wah Property
510 - 708 Sqft
2 - 3 bed(s)
48
Yu Tai Hing
HK$9.6M
- 17.31M
245 - 1073 Sqft
Studio - 3 bed(s)
1393
Sun Hung Kai Properties, MTR
HK$3.46M
- 12.71M
240 - 440 Sqft
1 - 2 bed(s)
52
Lofter Group
HK$6.25M
- 9.91M
162 - 616 Sqft
Studio - 3 bed(s)
492
Henderson Land Development
HK$4.36M
- 10.01M
260 - 2597 Sqft
Studio - 3 bed(s)
56
Easyknit International
HK$5.98M
- 19.14M
245 - 881 Sqft
1 - 3 bed(s)
110
Emperor International
HK$4.63M
- 8.35M
3773 - 7263 Sqft
3 - 5 bed(s)
16
Asia Standard
178 - 375 Sqft
Studio - 2 bed(s)
230
Wang On Properties
HK$4.84M
- 10.64M
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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