New Property Development

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
- 10M
183 - 866 Sqft
Studio - 3 bed(s)
1556
Kowloon Development
HK$4M
- 10.12M
330 - 1793 Sqft
1 - 4 bed(s)
1059
China Overseas
HK$6.56M
- 27.25M
319 - 1471 Sqft
1 - 4 bed(s)
492
Wheelock Properties
HK$8.6M
- 20.32M
320 - 1700 Sqft
1 - 3 bed(s)
559
Wheelock Properties
HK$9.04M
- 23.18M
320 - 1420 Sqft
1 - 4 bed(s)
600
嘉里、信置及港鐵
HK$12.55M
- 108M
379 - 1365 Sqft
1 - 3 bed(s)
301
Henderson Land Development
HK$9.19M
- 19.58M
474 - 786 Sqft
2 - 3 bed(s)
876
Cheung Kong, Urban Renewal Authority
HK$9.04M
- 26.89M
5183 Sqft
3 - 5 bed(s)
4
Topchain (Hong Kong) Holdings Limited
322 - 457 Sqft
2 - 3 bed(s)
337
Henderson Land, Urban Renewal Authority
HK$6.53M
- 15.34M
152 - 228 Sqft
Studio bed(s)
120
Excel Billion (hk) Limited, Chun Wo Development
HK$3.8M
- 7.29M
289 - 898 Sqft
1 - 3 bed(s)
294
Hang Lung Properties
HK$7.17M
- 18.48M
3466 - 11692 Sqft
4 - 9 bed(s)
64
Kerry Properties
207 - 1000 Sqft
Studio - 4 bed(s)
341
Sun Hung Kai Properties, Henderson Land & Wheelock Properties
HK$6.87M
- 15.21M
5809 - 6940 Sqft
3 - 4 bed(s)
5
CSI 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