Property News & Insights

Explore OKAY.com’s latest property news and trends across the Hong Kong, China and Global property markets. With expert commentary and opinion, we keep you up to date on property happenings both near and far.

Kensington Hill to be put on sale in August

22 July 2014 - Wheelock Properties cashed in over HK$13.5 billion from real estate project sales in the first half of 2014, with revenue already exceeding the target set earlier for the whole year. After the launch of “GRAND AUSTIN” in Tsim Sha Tsui, Wheelock is planning to launch its Sai Ying Pun project “ Kensington Hill” in the second half. Whe
By: OKAY.com

John Tsang reminds the public to beware of hot sentiment

20 July 2014 - The Financial Secretary of Hong Kong, John Tsang Chun-wah, recently expressed in his blog that he is relieved that the Double Stamp Duty was approved by Legco within the 2014 Legislative Session. Tsang mentioned that demand in the property market has eased after implemention of the Special Stamp Duty, Buyer Stamp Duty and Double Sta
By: OKAY.com

OKAY.com Appoints Edelman Hong Kong

18 July 2014 - OKAY.com, a group of leading property agents and technology entrepreneurs dedicated to providing more choice to people looking to buy, sell or invest in property, has appointed Edelman, the world’s largest independent PR firm, as its public relations agency of record.  Edelman will partner with OKAY.com to provide corporate media re
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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
By: OKAY.com

Twelve Peaks to open for tender

17 July 2014 - "TWELVE PEAKS" on the Peak developed by Sun Hung Kai Properties will open to the market for tender this Saturday (July 19). Sun Hung Kai Properties Deputy Managing Director Victor Lui Ting said that they will begin accepting bids and the show houses at the completed development will be open to buyers for visiting. The market believe
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The Real Estate Developers Association to discuss "Pilot Scheme for Arbitration on Land Premium" at the end of July

17 July 2014 - Chief Executive CY Leung said in the 2014 Policy Address that the Hong Kong Government will introduce a "Pilot Scheme for Arbitration on Land Premium" to facilitate early agreement on land premium payable by way of arbitration, and the Development Bureau (DEVB) will set up a dedicated cross-disciplinary team to assist the Steering C
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Kwun Tong redevelopment project receives four tenders, total investment may exceed HK$16 billion

15 July 2014 - Local newspapers reported that the mega Kwun Tong redevelopment project, Kung Tong Town Centre Project (Development Areas 2 & 3), received a fewer-than-expected four tenders. These included offers from Sun Hung Kai (0016), Wheelock (0020) and Henderson Land Development, and one unknown party. Surveyors are worried that the project c
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Norman Chan: "Cycle change needed to ease property curbs"

14 July 2014 - The Hong Kong Monetary Authority has introduced six rounds of "countercyclical" supervisory measures for containing the supply of mortgage credit during the upward cycle experienced since 2009. Local newspapers reported that Hong Kong Monetary Authority chief executive Norman Chan Tak-lam wrote on the HKMA website and concluded that
By: OKAY.com

Double Stamp Duty approved by Legco

16 July 2014 - The Double Stamp Duty has been approved by Legco, 17 months after being proposed. The additional stamp duties will be retroactively applied. These have been collected since February of last year and will now be transferred to the government. The measure was introduced as an attempt to cool Hong Kong's property market. For the full a
By: OKAY.com

Banks adjust Hong Kong property price forecasts, smaller decreases expected

12 July 2014 - JP Morgan and Bank of America Merrill Lynch have revised property price forecasts for the year. A decrease of 5% is now expected, comparing favourably against the respective 25-30% and 10% decreases previously predicted. This is a result of delayed US interest rate changes and a smaller than expected effect on secondary prices creat
By: OKAY.com