Tag: Tai Po

First hand homes for rent to reach almost 8000 units in Q1 2015

12 January 2015 - According to, 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 inclu

Billion Group wins Pak Shek Kok site for HK$2.54 billion

5 November 2014 - 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 hav

Low density Tai Wai plot to be tendered in November

21 October 2014 - 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

Detached house in Tao Po Kau sells for HKD480 million

19 September 2014 -  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 d

Tai Po residential site to be put on market again for tender

13 August 2014 - 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

Cheung Kong sales revenue crosses HK$20 billion aided by Mont Vert launch

28 July 2014 - 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

18 July 2014 - 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

10 July 2014 - 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

17 June 2014 - 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

3 June 2014 - 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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