Tag: Tsuen Wan

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 Development wins Tsuen Wan site for HK$3.94 billion

14 August 2014 - Billion Development outbid property giants including Cheung Kong Holdings (0001) and Henderson Land (0012) and won the commercial-cum-residential site with a gross floor area of 1.07 million square feet in Yeung Uk Road, Tsuen Wan, for HK$3.94 billion. The price obtained was lower than market estimates. In addition, Wang On Group

27 bids received for Tsuen Wan and Ma On Shan sites

9 August 2014 - The tender for two land parcels located at Yeung Uk Road, Tsuen Wan and Hang Kwong Street, Ma On Shan was closed on Friday (8 August). Ming Pao reported that 27 tenders were received, of which 11 placed bids on the Tsuen Wan site and 16 placed bids on the Ma On Shan site. The response was better than market expectations. The potent

“The Seafront” house sold for record high of HKD55,889 per sq.ft

16 June 2014 - Many brand new residential developments were launched over the weekend with attractive stamp duty cash rebate packages on offer in time for Father’s Day. Ming Pao reported that 437 first hand residential units were sold during the weekend, including Sun Hung Kai Properties’ new project at “The Seafront” in Tsuen Wan West which sold

Cheung Kong’s City Point Development in Tsuen Wan sees 1-day sellout

28 May 2014 - The SCMP today reported that Cheung Kong sold all 591 units offered as part of its first batch of sales of the City Point Development in Tsuen Wan yesterday.  Cheung Kong said that the project, with 1,717 units in total, should launch the second batch of sales – 354 units – later this week.The first batch was announced in conjunction

Hong Kong Government to Possibly Relax the Double Stamp Duty Policy

13 May 2014 - The government today announced it may relax the policy relating to the Double Stamp Duty imposed on purchasers of property in Hong Kong.  The policy, imposed in February 2012, has thus far required buyers to pay double stamp duty if they do not sell their existing unit within six months of buying a new unit. This has been seen by man
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