Spacious
1,000+ Reviews
Install

Luxury Homes Price Up After Cooling Measures, The Long Beach Receives 4,333 Subscriptions

Hong Kong Property | December 2, 2016

Luxury Homes Price Up After Cooling Measures
The cooling measures started weeks ago seem to have minor impact on luxury home market. Several luxury projects even priced up after consecutive transactions. The Grampian in Kowloon Tong recorded the first transaction recently, while the developer Hanison announced that the price of Unit 2A will be priced up for 5%, from HK$60 million to HK$63 million, or HK$30,332 per square foot. On the other hand, The Zumurud updated the price list of the last 50 units, with a rise of 4.5% to 5.3%. Meanwhile, Cheung Kong also increased the price of the last 50 flats from its Hung Hom new project Stars by The Harbour for 3%.

The Long Beach Receives 4,333 Subscriptions
Hang Lung Properties is launching 62 units of its new project The Long Beach near Olympic Station for sale this Saturday, while yesterday was the last day to receive subscriptions. The 62 units from Tower 2 which are sized from 562 to 863 square feet, received about 4,333 subscriptions, 68 times more than the available flats. The discounted price and cost per square foot of this batch of units are HK$6.83 million and HK$15,228 respectively.

For more information on property news and prices, please visit our website at https://www.spacious.hk/.

Recommended Articles

11 Oct 2016: Property News Roundup: 3Q Land Sale Reached $17.8b, Secondary Home Deals Up

Hong Kong Property | October 11, 2016

1/10 News Roundup: Grand YOHO 66 Flats on Sale This Thursday, K&K Property To Join Kai Tak New Project Battle

Hong Kong Property | January 10, 2017

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

Hong Kong Property | September 5, 2017

Subscribe to Our Blog

Stay up to date with the latest property news and insights.