New Property Development

HK$5.81M - 19.69M
Bedrooms
Studio - 3
Area (SqFt)
233 - 752
Units
172
Developer
Henderson Land Development
Bedrooms
Studio - 3
Area (SqFt)
200 - 488
Units
130
Developer
Regal Hotels International, Paliburg Holdings
Bedrooms
3 - 4
Area (SqFt)
920 - 1500
Units
196
Developer
Sun Hung Kai Properties
Bedrooms
Studio - 4
Area (SqFt)
186 - 1376
Units
614
Developer
Hong Kong Ferry, Imperium Group
Bedrooms
1 - 3
Area (SqFt)
430 - 1200
Units
37
Developer
Swire Properties
HK$9.78M - 35.08M
Bedrooms
2 - 4
Area (SqFt)
470 - 1220
Units
2 to 4 bedrooms, 470 to 1,220 sq. ft.
Developer
Cheung Kong
Bedrooms
3 - 4
Area (SqFt)
1772 - 1826
Units
16
Developer
Henderson Land Development
HK$7.16M - 26.72M
Bedrooms
Studio - 4
Area (SqFt)
278 - 1383
Units
3,090
Developer
New World Development, MTR
Bedrooms
Studio - 4
Area (SqFt)
230 - 2000
Units
688
Developer
Minmetals Land
HK$5.97M - 7.97M
Bedrooms
Studio - 1
Area (SqFt)
300 - 340
Units
144
Developer
Chevalier Group, Urban Renewal Authority
HK$5.86M - 9.30M
Bedrooms
Studio - 2
Area (SqFt)
174 - 359
Units
-
Developer
Henderson Land Development
Bedrooms
-
Area (SqFt)
400 - 6000
Units
41
Developer
Poly Property
Bedrooms
Studio - 2
Area (SqFt)
185 - 1267
Units
611
Developer
Hong Kong Ferry, Imperium Group
Bedrooms
3 - 4
Area (SqFt)
1527 - 5767
Units
21
Developer
Chinachem Group
Bedrooms
2 - 4
Area (SqFt)
887 - 4403
Units
27
Developer
Wah Yip (Holdings)
HK$9.21M - 20.91M
Bedrooms
1 - 5
Area (SqFt)
331 - 3445
Units
110
Developer
Topspring, Chun Wo Development
HK$5.20M - 10.46M
Bedrooms
Studio - 2
Area (SqFt)
181 - 491
Units
99
Developer
Emperor International
Bedrooms
Studio - 4
Area (SqFt)
-
Units
524
Developer
Sino Land, Wheelock Properties, K. Wah International, Shimao Property, SEA Group
HK$5.88M - 12.77M
Bedrooms
Studio - 3
Area (SqFt)
254 - 692
Units
669
Developer
Sun Hung Kai Properties
HK$9.87M - 22.59M
Bedrooms
1 - 4
Area (SqFt)
345 - 2024
Units
495
Developer
Wheelock Properties
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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