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.
Four creative rooftop uses that will amaze your neighbours
17 April 2015 - In Hong Kong, a concrete jungle where homes are expensive and life is generally fast-paced, living in an apartment with a roof terrace is a privilege for a lucky few to enjoy fresh air and private moments away from daily hassles. Aside from being a party venue or clothes-drying space, roof terraces can actually be utilized in many
Asia record-breaking sale in 39 Conduit Road at HK$93,000 per sqft.
6 April 2015 - A unit at 39 Conduit Road was recently sold for a whopping price of HK$433 million, with the price per sqft. amounting to HK$93,000. This supersedes the HK$82,000 price per sq.ft. record set by Swire Properties’ Opus Hong Kong and throughout Asia in 2012. Developed by Henderson Land Development, the luxurious unit is a 45th-floor, 4
Rezoned land in Western District to provide 3,000 new residential units
30 March 2015 - Following the new MTR extension, new land for potential property developments in the Western District is in high demand. In the recent District Council meeting concerning the development of west Kennedy Town, the proposed rezoning plan gained general support despite some expressing their worries about the community’s carrying capac
Western District rentals narrow gap on Wan Chai, with double-digit increase in Q1
25 March 2015 - Homeseekers used to compromise on accessibility for cheaper rent when looking for properties in the Western District. Yet the district’s rental price has recorded a significant double-digit increase since the opening of the West Island Line three months ago.According to On.cc, the average rent per square foot for The Merton and Que
The Big Apple's Next Big Thing: New York High-rise trend picks up steam
March 19, 2015 - Marked by the USD100M sale of a 75th floor duplex penthouse last December, an emerging trend of luxurious condo skyscrapers is hitting Midtown Manhattan, New York City, officially turning the borough into one of the most prestigious neighborhoods in the world.Brewing over the last decade, this trend gathered steam when Zeckendorf
Property listed for 8 months sold in 8 days after professional photos taken
15 March, 2015 - With the growing trend of online property search, the quality of property photos is crucial in attracting leads for agents. A house in Orlando, USA, sat on the market for nearly 8 months before finally sold in just 8 days thanks to the newly-appointed agent’s professional photo-shooting skills.He uploaded the re-taken photographs
‘Hot’ listing – An entire “Wild West” town in California for sale at HKD$7M
12 March 2015 - The price for a normal ‘shoebox’ apartment in Hong Kong could always buy something unimaginable on the other side of the world, and now it can buy an entire Wild West town in California, USA.Located in Valley Center of San Diego, the town was formerly a private film set for movies and advertisements. Listed at USD$900,000 (approxim
Cheung Kong sells 100 new units in 1.5 Hours with counter mortgage offer
9 March 2015 - Since the adoption of the new mortgage-tightening measures, the first round of new developments were released to market yesterday. Cheung Kong, the biggest property developer in Hong Kong, sold 108 units of its new development, La Lumiere, in just 90 minutes.Offering an exceptional 90% mortgage to first-time buyers, these small-size
CNN ranks HK Mid-Levels Escalator as one of the world's 7 coolest commutes
4 March 2015 - A renowned attraction and vital transport for tens of thousands of residents, the Central-Mid-Levels escalator was recently featured on the CNN website as one of the coolest commutes in the world.Connecting the bustling business area in Central up to the peaceful neighborhood on Conduit Road, this one-way transport system brings peo
i-Cable news discusses the online property business model and real estate market with Peter Churchouse and Joshua Han Miller
02 March 2015 – The Hong Kong government recently released a new round of mortgage-tightening measures, claiming an overheated property market requires further cooling measures; yet no solutions were suggested in the 2015-16 budget to directly suppress the soaring property prices. i-Cable news interviewed Joshua Han Miller, CEO of OKAY.com and Pet
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