New Property Development

170 - 425 Sqft
Studio - 2 bed(s)
551
Henderson Land Development
HK$4.15M
- 12.16M
280 - 561 Sqft
1 - 2 bed(s)
228
Sun Hung Kai Properties Limited, Urban Renewal Authority
HK$6.21M
- 8.72M
333 - 493 Sqft
1 - 2 bed(s)
64
Hanison Construction
HK$6.6M
- 11.83M
346 - 1344 Sqft
1 - 4 bed(s)
1,600
Wheelock Properties, MTR
HK$5.76M
- 25.37M
305 - 2712 Sqft
1 - 4 bed(s)
2,392
Nan Fung Group, MTR, Sino Ocean Group
HK$6.27M
- 35.07M
277 - 1279 Sqft
Studio - 4 bed(s)
1,444
Sun Hung Kai Properties Limited
HK$5.61M
- 23.71M
225 - 2356 Sqft
Studio - 4 bed(s)
1,122
K. Wah International
HK$5.66M
- 22.15M
334 - 1388 Sqft
1 - 4 bed(s)
1620
China Overseas
HK$6.33M
- 12.86M
319 - 754 Sqft
1 - 3 bed(s)
720
Chinachem Group, MTR
HK$6.65M
- 15.18M
259 - 1476 Sqft
Studio - 4 bed(s)
178
Wing Tai Properties
HK$3.32M
- 9.19M
162 - 954 Sqft
Studio - 2 bed(s)
371
Chuang's Consortium
HK$3.44M
- 10.23M
304 - 867 Sqft
1 - 2 bed(s)
522
Sun Hung Kai Properties
HK$6.55M
- 11.18M
321 - 2454 Sqft
1 - 4 bed(s)
1,154
Vanke Property
HK$5.1M
- 11.91M
261 - 3857 Sqft
1 - 4 bed(s)
198
China Metallurgical Group Corporation
HK$4.93M
- 18.35M
181 - 417 Sqft
Studio - 2 bed(s)
281
Henderson Land Development
HK$6.92M
- 8.18M
174 - 381 Sqft
Studio - 2 bed(s)
504
Henderson Land Development, New World Development
HK$4.07M
- 8.17M
301 - 443 Sqft
1 - 2 bed(s)
100
Sino Group, Urban Renewal Authority
HK$6.54M
- 10.47M
171 - 338 Sqft
Studio - 2 bed(s)
104
Astro Far East Estate, Smart Team Properties, Home Well Properties
HK$3.48M
- 8.1M
217 - 372 Sqft
Studio - 2 bed(s)
204
Couture Homes
HK$3.3M
- 6.62M
150 - 232 Sqft
Studio - 1 bed(s)
138
Way Creation B
HK$3.09M
- 7.72M
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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