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

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

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

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

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

February 16, 2017

2/15 News Roundup: K.City To Sell 208 Flats This Saturday, Home Prices Expected to Rise 5-10%

K.City To Sell 208 Flats This Saturday K Wah International announced the sales arrangement for the first batch of 208 flats, which will be launched for sale this Saturday, from its Kai Tak new project K.City. The discounted prices of the 208 units ranged from HK$5.85 million to HK$16.9 million. The first batch comprises 50 one-room units, 112 two-room units … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 15, 2017

2/14 News Roundup: 620 Subsidised Sale Flats Rolling Out in Late-2017, K.City Priced Up 5.5% For Second List of 98 Flats

620 Subsidised Sale Flats Rolling Out in Late-2017 The Housing Society will launch 620 Subsidised Sale Flats (SSF) in Tseung Kwan O Area 73A and Tuen Mun Area 2 at the end of 2017, providing 330 and 290 units respectively. Both projects are targeted for completion in 2019/20. Marco Wu Moon-hoi, chairman of the Housing Society said the flats are … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 14, 2017

2/13 News Roundup: 58 Buyers Fought For One Deposit-forfeited Unit in The Papillons, K.City Received Over 800 Subscriptions

58 Buyers Fought For One Deposit-forfeited Unit in The Papillons A deposit-forfeited unit in Chinachem’s project in Tseung Kwan O – The Papillons attracts 58 buyers in yesterday’s resale. The developer drew lots immediately and a post-80s couple who won the lot bought the flat. Chinachem priced up the unit for over 10% to HK$7.03 million. Deducting several discounts offered, the … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 13, 2017

2/10 News Roundup: K.City Prices From HK$5.85m to HK$13.63m, Crescendo Show Flats Got Viral

K.City Prices From HK$5.85m to HK$13.63m K Wah International launched the first 180 units from its Kai Tak project, K.City, and plans to start selling next week. The one-to-three bedroom units range in size from 358 to 679 saleable square feet, and in discounted prices from HK$5.85 million to HK$13.63 million. Its average discounted price per ssf hit HK$17,998, higher … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 10, 2017

2/9 News Roundup: Choi Hung HOS Flats Prices From HK$2.48m, 30% Stamp Duty Rebate For Crescendo Buyers

Choi Hung HOS Flats Prices From HK$2.48m The Housing Authority announced prices of the three new House Ownership Scheme (HOS) projects in Choi Hung and Mui Wo. Choi Hing Court in Choi Hung will be offering 1,358 flats, sizing from 368 to 468 square feet and pricing from HK$2.48 to HK$3.85 million. Meanwhile, the two projects in Mui Wo, on … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 9, 2017

2/8 News Roundup: Cheung Kong to Roll Out 2 Projects This Month, HOS Flat Deals At Market High Prices

Cheung Kong to Roll Out 2 Projects This Month Cheung Kong Properties is rolling out two new projects shortly. William Kwok Tsz-wai, director at Cheung Kong Real Estate, said the company plans to open show flats for its new project in Ma On Shan – Seanorama – next week. He expects Seanorama will be launched for sale this month, with … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 8, 2017

2/7 News Roundup: One Kai Tak Special Unit Sold At HK$30,011/ssf, Chan Tak-lam: Time Needed to See Cooling Measures Effects

One Kai Tak Special Unit Sold At HK$30,011/ssf A 1,606-square-foot special flat in the second phase of One Kai Tak (II) from China Overseas sold for HK$48.198 million, or HK$30,011 per salable square foot, by tender yesterday. It was the most expensive flat in terms of price per saleable square foot at One Kai Tak since the project was launched in … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 7, 2017

2/6 News Roundup: K. City To Provide 900 Flats- Smallest at 325 ssf, The Pavilia Bay Prices Up 12% For 109 Extra Flats

K. City To Provide 900 Flats, Smallest at 325 ssf K. Wah International yesterday released the sales brochure of its K. City project in Kai Tak. The project will provide 900 flats, with sizes ranging from 325 to 2,193 ssf. About 74% of the units are one- to two-bedrooms flats. The project’s first price list will be launched this week … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 6, 2017

2/3 News Roundup: HIBOR Unlikely to Follow US Rate's Hike, Island Garden Launched 50 Flats with Extra Discount

HIBOR Unlikely to Follow US Rate’s Hike The US Federal Reserve held interest rates unchanged in its first meeting since US President Donald Trump took office. Hong Kong Monetary Authority has reminded local banks, corporations and individuals “to remain vigilant and manage risks prudently” as the gradual normalization of US interest rates may affect global capital flows, exchange rates and … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 3, 2017

2/2 News Roundup: 3 New HOS Projects - Cheapest at $1.5m, K.City & Cullinan West To Upload Sales Brochures

3 New HOS Projects – Cheapest at $1.5m The Housing Authority plans to launch three projects under the Home Ownership Scheme (HOS) in Mui Wo and Choi Hung next month, providing a total of 2,100 flats. Two of the projects are in Mui Wo, on Ngan Kwong Wan Road East and Ngan Kwong Wan Road West. They can provide some 700 … Continue reading "2/22 News Roundup: K.City Received 6.6x Subscriptions for 168 Units, Le Point 2-room Unit Sold at Record High Price"

February 2, 2017

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