New Property Development

203 - 257 Sqft
Studio - 1 bed(s)
200 - 499 Sqft
Studio - 3 bed(s)
165
Vanke
HK$5.95M
- 10.92M
286 - 481 Sqft
1 - 2 bed(s)
71
Hip Shing Hong Group
285 - 1695 Sqft
1 - 4 bed(s)
892
New World Development, MTR
HK$8.44M
- 36.22M
264 - 1322 Sqft
Studio - 4 bed(s)
1415
New World Development, MTR
HK$7.16M
- 24.89M
183 - 334 Sqft
Studio - 1 bed(s)
138
Henderson Land Development
HK$4.55M
- 7.30M
276 - 584 Sqft
Studio - 2 bed(s)
142
Yau Lee Holdings, Urban Renewal Authority
HK$5.57M
- 15.12M
256 - 1611 Sqft
Studio - 4 bed(s)
388
Sino Land, Wheelock Properties, K. Wah International, Shimao Property, SEA Group
HK$8.34M
- 16.42M
151 - 319 Sqft
Studio - 2 bed(s)
83
Sino-Ocean Group
HK$4.68M
- 8.64M
250 Sqft
Studio - 4 bed(s)
251 - 1351 Sqft
Studio - 4 bed(s)
101
Sun Hung Kai Properties
HK$6.94M
- 10.68M
255 - 731 Sqft
Studio - 3 bed(s)
406
Sun Hung Kai Properties
HK$7.28M
- 11.14M
339 - 903 Sqft
1 - 3 bed(s)
334
Chinachem Group
HK$9.91M
- 22.17M
186 - 1350 Sqft
Studio - 3 bed(s)
479
Henderson Land
HK$7.88M
- 30.28M
298 - 1990 Sqft
1 - 4 bed(s)
6061 - 8139 Sqft
8
Wheelock Properties
1656 - 7171 Sqft
4 - 5 bed(s)
HK$83.00M
- 370.00M
2086 - 3378 Sqft
1 - 5 bed(s)
181
Cheung Kong
266 - 1654 Sqft
1 - 4 bed(s)
160
Sino Land
HK$7.19M
- 14.76M
184 - 388 Sqft
Studio - 2 bed(s)
557
Hong Kong Ferry, Imperium Group
HK$3.30M
- 7.25M
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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