New Property Development

879 - 2678 Sqft
3 - 4 bed(s)
148
CITIC
HK$16.82M
- 22.72M
848 - 6660 Sqft
2 - 8 bed(s)
401
Goldin Financial
353 - 1379 Sqft
1 - 4 bed(s)
503
Wheelock Properties, MTR
HK$7.76M
- 17.07M
217 - 2022 Sqft
Studio - 5 bed(s)
840
Billion Development
HK$4.44M
- 19.41M
357 - 3098 Sqft
1 - 4 bed(s)
723
Great Eagle Holdings
HK$8.13M
- 20.67M
346 - 789 Sqft
1 - 3 bed(s)
504
Wheelock Properties
HK$7.43M
- 14.20M
250 - 854 Sqft
Studio - 3 bed(s)
495
Sun Hung Kai Properties
HK$6.91M
- 9.46M
254 - 1659 Sqft
Studio - 4 bed(s)
466
Wing Tai Properties
HK$6.08M
- 8.15M
260 - 3949 Sqft
1 - 2 bed(s)
79
Fullsun International
HK$7.99M
- 17.47M
260 - 455 Sqft
1 - 2 bed(s)
158 - 193 Sqft
Studio bed(s)
76
Chairman of Success Universe Group
HK$4.00M
- 7.10M
362 - 816 Sqft
1 - 3 bed(s)
616
Wheelock Properties, MTR
HK$7.50M
- 15.71M
204 - 526 Sqft
Studio - 2 bed(s)
240
Henderson Land Development, New World Development
HK$6.15M
- 15.91M
243 - 2828 Sqft
Studio - 4 bed(s)
1,408
Billion Development
HK$4.50M
- 29.97M
199 - 479 Sqft
Studio - 2 bed(s)
200
Henderson Land Development
HK$5.60M
- 13.71M
470 - 1740 Sqft
2 - 4 bed(s)
528
Sino Group
HK$11.57M
- 12.76M
456 - 1838 Sqft
2 - 3 bed(s)
326
Wang On Group, Cifi Group
HK$8.84M
- 16.46M
283 - 386 Sqft
1 - 2 bed(s)
294
New World Development, Urban Renewal Authority
HK$5.79M
- 19.99M
170 - 425 Sqft
Studio - 2 bed(s)
551
Henderson Land Development
HK$4.50M
- 9.99M
280 - 561 Sqft
1 - 2 bed(s)
228
Sun Hung Kai Properties Limited, Urban Renewal Authority
HK$6.21M
- 8.72M
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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