New Property Development

Neighbourhoods
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Ap Lei Chau
Beacon Hill
Causeway Bay
Cha Kwo Ling
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Fanling
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Gold Coast / So Kwun Wat
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Hung Hom
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South Lantau
Stanley
Stubbs Road
Tai Kok Tsui
Tai Po
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Hong Kong Island
Kowloon
New Territories East
New Territories West
Islands
270 - 800 Sqft
Studio - 4 bed(s)
384
Sun Hung Kai Properties
HK$5.02M
- 12.37M
220 - 1464 Sqft
Studio - 4 bed(s)
800
Sun Hung Kai Properties
HK$4.01M
- 11.55M
311 - 1615 Sqft
1 - 4 bed(s)
447
Chinachem Group, MTR Corporation Limited
HK$9.4M
- 35.39M
209 - 609 Sqft
Studio - 3 bed(s)
603
Henderson Land Development
HK$3.02M
- 9.4M
250 - 1335 Sqft
Studio - 3 bed(s)
648
Wheelock Properties, Henderson Land Development, New World Development, Empire Group
HK$5.95M
- 21.28M
1010 - 8030 Sqft
2 - 5 bed(s)
262
Hysan Development, HKR International
299 - 989 Sqft
1 - 3 bed(s)
644
MTR, Sino Group, K. Wah International, China Merchants Land
HK$7.58M
- 15.67M
178 - 289 Sqft
Studio - 1 bed(s)
115
Carrianna Group, Choice Holdings
HK$3.68M
- 6.24M
183 - 429 Sqft
Studio - 2 bed(s)
83
Goodness Limited
HK$4.26M
- 8.32M
291 - 995 Sqft
1 - 3 bed(s)
592
Sino Group, K. Wah International, China Merchants Land, MTR
HK$7.38M
- 15.48M
263 - 722 Sqft
1 - 3 bed(s)
400
Sun Hung Kai Properties, Cheung Kong
HK$4.62M
- 12.94M
180 - 569 Sqft
Studio - 3 bed(s)
324
Henderson Land Development
HK$4.91M
- 9.45M
261 - 573 Sqft
Studio - 3 bed(s)
262
Henderson Land, Hong Kong Ferry, Urban Renewal Authority
351 - 977 Sqft
1 - 4 bed(s)
805
Sino Group, K. Wah, China Overseas Land
HK$7.44M
- 21.99M
181 - 468 Sqft
Studio - 2 bed(s)
90
Henderson Land Development
HK$6.44M
- 18.58M
260 - 419 Sqft
Studio - 2 bed(s)
79
Fullsun International
HK$7.99M
- 17.47M
243 - 2828 Sqft
Studio - 4 bed(s)
1408
Billion Development
HK$3.89M
- 32.66M
271 - 5289 Sqft
1 - 4 bed(s)
547
Wang On Properties, Country Garden, China State Construction
HK$5.8M
- 19.38M
447 - 2242 Sqft
1 - 4 bed(s)
667
Billion Development
HK$8.03M
- 37.21M
164 - 332 Sqft
Studio - 2 bed(s)
57
Ease Day Limited, Joint Sun Corporation Limited
HK$4.3M
- 16.22M
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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