New Property Development

6061 - 8139 Sqft
8
Wheelock Properties
2086 - 3378 Sqft
1 - 5 bed(s)
181
Cheung Kong
310 - 1300 Sqft
1 - 4 bed(s)
160
Sino Land
557
Hong Kong Ferry, Imperium Group
3730 - 8016 Sqft
6
Sino-Ocean Land
322
Urban Renewal Authority, Sino Land, Chuang's Consortium
815
MTR, Road King Properties, Ping An Real Estate
280 - 760 Sqft
Studio - 3 bed(s)
646
Wheelock Properties
189 - 294 Sqft
Studio - 1 bed(s)
95
Choice Holdings, Kaisa Group
HK$4.53M
- 6.90M
233 - 752 Sqft
Studio - 3 bed(s)
172
Henderson Land Development
HK$5.81M
- 19.69M
200 - 488 Sqft
Studio - 3 bed(s)
130
Regal Hotels International, Paliburg Holdings
920 - 1500 Sqft
3 - 4 bed(s)
196
Sun Hung Kai Properties
186 - 1376 Sqft
Studio - 4 bed(s)
614
Hong Kong Ferry, Imperium Group
HK$3.28M
- 16.17M
430 - 1200 Sqft
1 - 3 bed(s)
37
Swire Properties
470 - 1220 Sqft
2 - 4 bed(s)
2 to 4 bedrooms, 470 to 1,220 sq. ft.
Cheung Kong
HK$9.78M
- 35.08M
1772 - 1826 Sqft
3 - 4 bed(s)
16
Henderson Land Development
278 - 1383 Sqft
Studio - 4 bed(s)
3,090
New World Development, MTR
HK$7.16M
- 26.72M
230 - 2000 Sqft
Studio - 4 bed(s)
688
Minmetals Land
HK$5.67M
- 23.46M
300 - 340 Sqft
Studio - 1 bed(s)
144
Chevalier Group, Urban Renewal Authority
HK$5.97M
- 7.97M
174 - 359 Sqft
Studio - 2 bed(s)
Henderson Land Development
HK$5.75M
- 12.07M
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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