New Property Development

470 - 9158 Sqft
Studio - 7 bed(s)
41
Poly Property
185 - 1267 Sqft
Studio - 2 bed(s)
611
Hong Kong Ferry, Imperium Group
HK$3.10M
- 9.45M
1527 - 5767 Sqft
3 - 4 bed(s)
21
Chinachem Group
331 - 3445 Sqft
1 - 5 bed(s)
110
Topspring, Chun Wo Development
HK$9.21M
- 20.91M
181 - 491 Sqft
Studio - 2 bed(s)
99
Emperor International
HK$5.20M
- 10.46M
Studio - 4 bed(s)
524
Sino Land, Wheelock Properties, K. Wah International, Shimao Property, SEA Group
254 - 692 Sqft
Studio - 3 bed(s)
669
Sun Hung Kai Properties
HK$5.88M
- 12.77M
345 - 2024 Sqft
1 - 4 bed(s)
495
Wheelock Properties
HK$9.87M
- 22.59M
251 - 1446 Sqft
Studio - 4 bed(s)
467
Vanke Property
HK$5.76M
- 10.45M
171 - 687 Sqft
Studio - 3 bed(s)
488
Henderson Land Development
HK$4.61M
- 10.33M
262 - 474 Sqft
Studio - 2 bed(s)
76
ITC Properties, Urban Renewal Authority
HK$5.88M
- 12.77M
1588 - 2984 Sqft
3 - 5 bed(s)
104
Kingboard Holdings
HK$33.79M
- 336.29M
1649 - 2962 Sqft
3 - 4 bed(s)
53
Sun Hung Kai Properties
HK$129.20M
- 188.00M
261 - 507 Sqft
Studio - 2 bed(s)
493
Urban Renewal Authority
HK$3.14M
- 6.60M
3200 - 4800 Sqft
8
Emperor International
228 - 1525 Sqft
1 - 4 bed(s)
60
Easyknit Group
HK$6.83M
- 24.68M
704 - 1239 Sqft
2 - 4 bed(s)
33
Sino Group
HK$21.35M
- 39.69M
297 - 1614 Sqft
Studio - 4 bed(s)
517
Wing Tai Properties
HK$4.49M
- 14.35M
333 - 1543 Sqft
1 - 4 bed(s)
1,999
Sino Group, Chinese Estates Group, Urban Renewal Authority
HK$11.45M
- 27.59M
434 - 1077 Sqft
2 - 4 bed(s)
1,422
Cheung Kong, MTR
HK$9.67M
- 25.79M
Loading...
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