Insights
Tag: Tai Po
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
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
Low density Tai Wai plot to be tendered in November
The government is putting more land on the market. The Lands Department yesterday announced that a low-density residential site on Tai Po Road in Tai Wai spanning 70,504 square feet, with a gross floor area of 88,835 to 148,058 sq. ft., will be made available for tender in November.Tenders can be submitted from 14 November 2014 t
Detached house in Tao Po Kau sells for HKD480 million
The super luxury residential market has become more active. According to the Land Registry, a detached house along Tai Po Kau Road No. 4781 recently sold for HKD480 million (HKD29,000 per sq. ft.). This marks a new record high for a single house in the New Territories.The site of the property is about 61,742 sq. ft. and the de
Tai Po residential site to be put on market again for tender
The Lands Department announced that a site, Tai Po Town Lot No. 213 at Fo Chun Road, Pak Shek Kok, Tai Po, New Territories, will be put on the market again by public tender.The tender for the 204,516 square foot site in Fo Chun Road, Pak Shek Kok, and close to Tolo harbor, will run from September 12 to October 24. It is expected t
Cheung Kong sales revenue crosses HK$20 billion aided by Mont Vert launch
433 units at Cheung Kong's “Mont Vert (Phase 1)” development in Tai Po were quickly sold during the first two days of its launch, cashing in over HK$2.6 billion. Adding to other developments sold earlier this year, Cheung Kong has already received over HK$17.6 billion in year-to-date residential sales. This compares very favourably
Authority criticizes Cheung Kong for not letting buyers view show flats
Cheung Kong yesterday released the price list of the first batch units of Mont Vert Phase 1 in Tai Po. The Sales of First-hand Residential Properties Authority found that the developer specified in the document of sale arrangements for its 260 first batch units that all of the registrants who will have submitted the Registration of
Mini apartments of 177 sq.ft to be sold in Mont Vert development are smaller than some sub-divided flats
The selling price of units in "Mont Vert" Phase 1 in Tai Po, developed by Cheung Kong, will be disclosed next week alongside the number of first batch apartments and the intended launch date. Apple Daily reported that developer has already uploaded the e-brochure of " Mont Vert" Phase 1 on its official website and 4 show flats will
Low price strategy used to attract buyers in brand new luxury developments
With a significant increase in the completion of residential projects, and hence supply in the next few years, many developers are keen on using a low price strategy to attract buyers. Ming Pao reported that two brand new luxury residential developments, “Grand Austin” in Southwest Kowloon and “Mayfair by the Sea I & II” in Tai Po
Demand for small flats surprises, driving prices higher
Recent sales of smaller second-hand units has increased despite the signs of decline in the luxury market. One example is last week’s sale of a 355 sqft unit in Serenity Park in Tai Po, which sold for $3.55 million, breaking the previous record price of $3.4 million for a similar unit sold earlier this year. The SCMP reported that
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