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All articles related to "Hong Kong Property"

15/9 News Roundup: Home buyers getting developer loans might start 'sweetly', but end up 'bitterly' with a much higher interest payment

Spacious’ View: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment. Warning over high-interest developer loans To push home sales, developers offer mortgage plans with high loan-to-value ratios to attract buyers who may not be able to get bank loans. But these, the Consumer Council warns, could cost buyers a few … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

September 15, 2017

13/9 News Roundup: Tai Po residential site awarded at the low end of market valuation - in contrast to the two previous land sales that achieved higher-than-expected prices

Spacious’ View: Tai Po residential site awarded at the low end of market valuation – in contrast to the two previous land sales with a higher market expected prices. Manhattan Group won Tai Po residential site for HK$323m A residential site on Yat Yiu Avenue in Tai Po was awarded yesterday to Manifold Ltd, a company associated with Hong Kong-based Manhattan … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

September 13, 2017

8/9 News Roundup: Oasis Kai Tak prices at HK$20k/SqFt - tops the district over the past 12 months.

Spacious’ View: Oasis Kai Tak prices at HK$20k/SqFt – tops the district over the past 12 months. Oasis Kai Tak prices at about HK$20k/SqFt Wheelock Properties priced its Oasis Kai Tak project at about HK$20,000 per saleable square foot – the most expensive in Kai Tak district over the past 12 months. The first batch launched comprised 130 units, the smallest being … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

September 8, 2017

6/9 News Roundup: 1,300 hopeful buyers queuing for 4 forfeited flats representing hopes for first-hand home demands

Spacious’ View: 1,300 hopeful buyers queuing for 4 forfeited flats – may also be hopes for other new projects to see the demands.   1,300 buyers queued up for 4 forfeited Parc City flats About 1,300 hopeful buyers queued up yesterday at Parc City in Tseung Wan, where 4 flats that had deposits forfeited were put up for resale. One … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

September 6, 2017

5/9 News Roundup: First-hand home sale boosting flat transactions in August

Spacious’ View: The increase of first-hand home sale in August is boosting last month’s flat transactions in the city. August flat transactions rise 12.3% The number of sales and purchase agreements for all building units received for registration in August was 6,130, representing a month-on-month increase of 12.3% but a year-on-year decline of 17.5%, statistics released yesterday by the Land Registry … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

September 5, 2017

30/8 News Roundup: First-hand 'war' is expected in Tuen Mun in September

Spacious’ View: First-hand ‘war’ is expected in Tuen Mun in the coming month, with two new projects launching in the district.   COO Residence to sell the cheapest unit in HK$2.88m Couture Homes Properties, a subsidiary of CSI Properties said its COO Residence project in Tuen Mun is priced at about HK$15,000 per saleable square foot, and the cheapest unit costs HK$2.88 … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 30, 2017

29/8 News Roundup: Supply in the first-hand market is sufficient, with several new projects launching in September

Spacious’ View: Supply in the first-hand market is sufficient, with several new projects launching in September. Parc City receiving 7,000 subscriptions for last 432 units The most signed-up new project since 1997 – Parc City in Tsuen Wan rolled out the last batch of units yesterday. Chinachem launched the sixth price list of the project comprising 100 units, with a … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 29, 2017

28/8 News Roundup: New projects receiving overwhelming subscriptions, while only single-digit deals recorded in second home market

Spacious’ View: New projects are receiving overwhelming subscriptions, while only single-digit deals were recorded in the second home market. Parc City received another 1,700 subscriptions After selling all the 521 units launched last Friday, Chinachem has rolled out another two price lists comprising 332 units from its Tsuen Wan new project – Parc City. Sources said the company has received about … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 28, 2017

24/8 News Roundup: Parc City becomes the most popular new project since 1997.

Spacious’ View: The lower-than-expectation price of Parc City makes it the most popular new project since 1997.   Parc City received record-breaking subscriptions Chinachem’s latest residential project, Parc City in Tsuen Wan West, reportedly received 22,500 subscriptions for 521 flats on its third price list, sources say. This project is said to have received the most subscriptions since 1997 for project … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 24, 2017

21/8 News Roundup: Parc City's launch with relatively low price draws buying force from the second-hand market

Spacious’ View: Launching of new projects with relatively low price is drawing buying force from the second-hand market. Parc City to start sale this Friday Chinachem has launched yesterday another 128 units with an average price of HK$15,187 per square foot, and said it would start sales of 521 units at Parc City on Friday after more than 13,000 prospective buyers … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 21, 2017

18/8 News Roundup: Oasis Kai Tak, Ocean Supreme, Parc City & Park Reach releasing new supply over next few months

Spacious’ View: Oasis Kai Tak, Ocean Supreme, Parc City & Park Reach releasing new supply into the market over next few months should help to stabilize prices. Wheelock named Kai Tak project ‘Oasis Kai Tak’ Wheelock Properties named its new project in the city’s former airport site ‘Oasis Kai Tak‘, and said it would be released once it obtains the … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 18, 2017

17/8 News Roundup: Parc City prices 20% lower than Ocean Supreme, Ocean Supreme to roll out 80 units this Saturday

Spacious’ View: Parc City vs Ocean Supreme: Developers are going head to head in Tsuen Wan, signaling good news for HK home buyers.   Parc City prices 20% lower than Ocean Supreme Two of Hong Kong’s major developers appear to be locked in a local price war, with Chinachem Group offering a residential project in Tsuen Wan on Wednesday at … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 17, 2017

10/8 News Roundup: One Kai Tak (II) launched another 119 flats, Novi rolling out last 40 units

One Kai Tak (II) launched another 119 flats China Overseas Land & Investment will release for sale an additional 119 units on Sunday at its One Kai Tak project phase two. The latest batch features two and three-bedroom units, sized between 524 and 799 saleable square feet, at an average per square foot price of HK$24,400 – 2% up compared … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 10, 2017

9/8 News Roundup: Novi prices up 5% for the last 40 units, One Kai Tak (II) receiving 3.5x subscriptions

Novi prices up 5% for the last 40 units After selling all 98 units from the first two price lists, Lai Sun rolled out the last 40 units from its Mong Kok new project – Novi and will offer them for sale soonest this week. The average discounted price is HK$20,530 per square foot, about 5% rise from last week’s … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 9, 2017

8/8 News Roundup: One Kai Tak rolling out another 108 flats, Edition 178 received 2,400 subscriptions

One Kai Tak rolling out another 108 flats China Overseas Land and Investment is to roll out 108 flats at One Kai Tak Phase 2, priced at HK$18,709 to HK$24,773 per square foot. The latest batch for sale accounts for 17% of the total units, with sizes ranging from 375 sellable square foot one-bedroom flats to 799 square feet three-bedroom … Continue reading "15/9 News Roundup: Home buyers getting developer loans might start ‘sweetly’, but end up ‘bitterly’ with a much higher interest payment"

August 8, 2017

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