Insights
Tag: first hand property
First hand homes for rent to reach almost 8000 units in Q1 2015
According to on.cc, new home rentals are set to peak in Q1 2015, with approximately 7,774 properties in 8 new projects due to be released. These account for almost half of the total completed units last year.The majority of these units are located in the New Territories, with an estimate of 5,400 homes in new projects that includ
What does 2015 hold for Hong Kong's residential property market?
Despite a slight recovery this year, Hong Kong’s property market is still under the influence of the government’s cooling measures which are expected to continue in 2015, as mentioned in Knight Frank’s latest forecast report.1. Continued heat in primary salesThe total number of transactions has increased by 18% to 60,000 in 2014
Consumer Council urges strict regulations to put undesirable sales practices in first hand property market to rest
The Consumer Council issued their latest study on the sales of first-hand residential properties, criticizing the new sales regulations adopted since last April for not eliminating undesirable sales practices in the market, including multiphase sales arrangements, advanced cheque payment offered by real estate agents, and genera
Billion Group wins Pak Shek Kok site for HK$2.54 billion
Billion Group outbid 14 developers including Cheung Kong Holdings (0001) and Sino Land (0083) to win the last Pak Shek Kok seaview residential site for HK$2.54 billion. The offer is higher than forecasted market estimates.A tender for the site, which is located in the Tai Po area, failed in March this year despite seven bids havi
“Homantin Hillside” to launch in November
Wing Tai Properties (0369) have stated that they may unveil their premium development “Homantin Hillside” in Hung Hom in November and will upload the e-brochure online shortly."With a better location, prices per square foot should be higher than similar projects atop the Kowloon MTR station, close to upscale properties in Kowloon
“8 LaSalle” units asking for HKD23,196 per sq. ft., well above secondary market
Kerry Properties (0683) yesterday announced the price list of its luxury residential project “8 LaSalle” in Ho Man Tin. The first batch of 30 units, located between the second and fifteenth floors of the property, include 3 special units with flat roofs.The developer also announced the sale arrangements for the property last night
Sino wins Fanling site for HKD730 million
Sino Land (0083) has won the residential site at Luen Wo Hui, Fanling for HKD730 million. The plot has a total area of 2,828 square meters and the gross floor area stands between 11,701 square meters and 19,501 square meters. At least 250 residential flats must be built on the plot.Sino Land beat 22 bidders which included the l
First batch of “The Pavilia Hill” to launch at average of HKD23,159 per sq. ft.
Developers appear to have recently sped up sale arrangements for their luxury residential developments. After uploading of the e-brochure earlier this week, New World Development (0017) unexpectedly announced the price of the first batch of units at “The Pavilia Hill” in North Point yesterday.The price list puts the average pri
Six plots to be put up for tender in Q4 2014
The HK Government announced yesterday that six plots of land will be put up for tender in the fourth quarter of 2014 to address growing home demand. Combined with sites offered by the MTR Corporation (0066) and the Urban Renewal Authority, a total of up to 6,700 units could be built if bids are successful.Secretary for Developm
First batch of units at “Arezzo” sold within 3 hours
Swire Properties (1972) sold out the first batch of 50 units at its Mid-Levels West development “Arezzo” within 3 hours yesterday, generating a total revenue of HK$1.23 billion. Real estate agents said that about 60% of buyers were investors, the rest were upgraders, mostly residents of Hong Kong Island looking to sell their cu
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