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All articles related to "Hong Kong Property"

3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon

Second Home Prices Reaching New High With the increasing price in the primary home market, and the record high price of Ap Lei Chau residential site, the secondary market are turning viral. Home prices in Tin Shui Wai reached another peak, with a 446-square-foot apartment at Kingswood Villa fetching a price of HK$4.18 million, or HK$9,372 per sq ft, the … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

March 7, 2017

3/6 News Roundup: Home Sales Rose Significantly Over Weekend, Alto Residences To Launch 61 more Flats

Home Sales Rose Significantly Over Weekend 40 sale and purchase transactions were recorded over the weekend in the secondary market in 100 major housing estates. The number, the highest in seven months, marked a significant increase of 10% from the previous weekend. Out of the 40, 11 were at Kingswood Villas in Tin Shui Wai. A 442-square-foot two-room unit was … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

March 6, 2017

3/3 News Roundup: Home Sales Doubled in February, NAPA To Launch 72 Units in Two Batches

Home Sales Doubled in February Sales transactions of residential units surged 126% in February over the previous year, while total dollar volume soared 210%, according to the latest data released by the Land Registry. There were 4,079 sale and purchase agreements registered last month, with dollar volume of HK$36.5 billion. On a month-on-month basis, the increases over January were 24% … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

March 3, 2017

3/2 News Roundup: Sino Land Won Central URA Project, Nam Cheong Cullinan West Open for Sale this Month

Sino Land Won Central URA Project Sino Land outbid more than 20 other developers to win the Urban Renewal Authority (URA) project on Peel Street in Central. The URA said it received a total of 22 tenders – the highest number on record for one of its redevelopment projects. The URA did not reveal the amount of Sino Land’s winning … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

March 2, 2017

3/1 News Roundup: Private Home Price Index Reaches New High, Ping An Acquired Wong Chuk Hang Project with Road King

Private Home Price Index Reaches New High Home prices in Hong Kong reached another all-time high in January, according to government data released yesterday. The private home price index in the first month of the year rose 0.62% to 309.0 from December, extending a 10-month climb, according to data compiled by the Rating and Valuation Department. The January figure marked … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

March 1, 2017

2/28 News Roundup: Wong Chuk Hang MTR Site Draws 14 Bids, Crescendo To Launch 12 Houses Tonight

Wong Chuk Hang Site Draws 14 Bids – Highest Number Received by MTR MTR Corp Ltd received 14 bids for a site next to the Wong Chuk Hang Station from both Hong Kong and mainland developers, the highest number of bids the company has received on railway lines. Tenders included those from Sun Hung Kai Properties, Cheung Kong Property Holdings, … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 28, 2017

2/27 News Roundup: Land Sale Pushing Up Ap Lei Chau Second Hand Prices, K City Received Over 500 Subscriptions for 128 Units

Land Sale Pushing Up Ap Lei Chau Second Hand Prices After last Friday’s record high-price residential land sale in Ap Lei Chau, second hand home prices in the nearby and coastal districts have risen by landlords immediately. The ask price of South Horizons in Ap Lei Chau has risen 8% to 10% in average, while the ask prices of Heng Fa … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 27, 2017

The 2017-18 Budget: Property Market Highlights

On Thursday, Hong Kong Financial Secretary Paul Chan Mo-po announced the 2017-2018 budget. This was Mr. Chan’s first budget announcement following John Tsang Chun-wah’s resignation in December to enter the run for Chief Executive. The event marked the final budget of the outgoing administration of Chief Executive Leung Chun-ying. Despite the introduction of additional demand cooling measures and a commitment to … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 24, 2017

2/24 News Roundup: 28 Residential Sites Coming - 8 in Kai Tak, K.City To Launch 168 More Flats

28 Residential Sites Coming – 8 in Kai Tak The government will launch 28 residential sites in fiscal 2017-18 – including 20 new ones. The 28 residential sites will provide 18,910 flats, with 13,810 of those coming from the 20 new sites. Among the new residential sites, 8 – with about 7,500 flats – will be at Kai Tak. Meanwhile, five … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 24, 2017

2/23 News Roundup: Buyer Snaps Up 6 Flats from K.City for HK$68m, New World To Roll Out 5 News Projects this Year

Buyer Snaps Up 6 Flats from K.City for HK$68m K Wah International unloaded all 168 flats available from its K.City residential project in the second round of sales yesterday. One local buyer spent HK$68 million to acquire six flats at the Kai Tak development. The developer also sold seven flats, ranging in size from 372 to 797 saleable square feet, … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 23, 2017

2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price

K.City Received 6.6x Subscriptions for 168 Units K Wah has received about 1,285 subscriptions for the second round of sale of 168 units from K.City, 6.6 times over the number of available units. The sale will take place today and buyers can purchase 8 units at most. The developer will also open tender for 7 flats from the project today. … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 22, 2017

2/21 News Roundup: Seanorama to Upload Sales Brochure this Week, URA Central Project Draws 22 Tenders

Seanorama to Upload Sales Brochure this Week Cheung Kong director William Kwok Tsz-wai said the company plans to upload the sales brochure for its new Ma On Shan project – Seanorama – this week and open show flats next week. The project will offer a total of 454 flats, ranging from 738 to 1,732 saleable square feet. There will be … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 21, 2017

2/20 News Roundup: K.City Launched 3rd Price Listing comprising 152 Units, Eden Manor to Roll Out 118 Flats

K.City Launched 3rd Price Listing comprising 152 Units K Wah International sold all 208 flats available at its Kai Tak project – K.City – on Saturday, reaping about HK$2 billion. Company general manager Tony Wan Wai-ming said one first time buyer spent HK$140 million to snap up 15 flats at the development. K Wah had launched its third price list … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 20, 2017

2/17 News Roundup: K.City Received 9x Over-subscriptions, Eden Manor To Release 1st Price List Today

K.City Received 9x Over-subscriptions K.City, the Kai Tak project launched by K Wah International, received more than 2,100 checks for registration yesterday, nine times oversubscribed for the 208 flats the developer is planning to sell on Saturday. The discounted average price of the 180 units in the first price list is HK$17,998, while that of the 98 units in the … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 17, 2017

2/16 News Roundup: NWD Won Cheung Sha Wan Commercial Site For HK$7.79b, Eden Manor To Reveal Prices this Weekend

NWD Won Cheung Sha Wan Commercial Site For HK$7.79b New World Development beat eight competitors as it acquired in a government tender a commercial site at King Lam Street in Cheung Sha Wan with a winning bid of HK$7.79 billion. Its offer was about 4% over the upper limit of analysts’ valuation of the site. New World’s bid exceeded the … Continue reading "3/7 News Roundup: Second Home Prices Reaching New High, Cullinan West to Upload Price List Soon"

February 16, 2017

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