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.
From Top 100 Asia Winner to Global Finalist
7 November 2014 – OKAY.com today announced that it has been selected as a candidate for Red Herring's 2014 Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far-reaching private technology companies and entrepreneurs from across the globe. Earlier this year, OKAY.com was recognized by Red Herring as one of the
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 havi
Consideration for residential sale and purchase agreements up 17.9% in October
4 November 2014 - The Land Registry's statistics for October 2014 state that the number of sales and purchase agreements for all building units received for registration in October was 7,967, a decrease of 0.4% month-on-month but increase of 71.4% year-on-year.The total consideration for sale and purchase agreements in October was HK$68.6 billion,
Norman Chan: interest rate hike will greatly impact property market
3 November 2014 - During the meeting for the Legislative Council's Panel on Financial Affairs, Hong Kong Monetary Authority Chief Executive Norman Chan commented that it is only a matter of time before interest rates will start increasing in Hong Kong as a result of the US central bank ending its huge monthly bond purchase programme.Chan warns tha
3 units of “Opus Hong Kong” on the Peak to launch for sale by tender
1 November 2014 - Swire Properties (1972) yesterday announced it will put three luxury units at the “Opus Hong Kong” on the market for tender. The property is located at 53 Stubbs Road on the Peak. The three units include a 5,146 sq. ft. (saleable) unit on the second floor with a reference price of HK$400 million (HK$ 77,700 per sq. ft.).The devel
International Real Estate Expert Martina Ebert joins OKAY.com
HONG KONG, 30 October 2014OKAY.com is pleased to welcome international real estate expert Martina Ebert, who joins the team as an Associate Director – Residential Division. Martina brings a decade of real estate experience, spanning markets across Hong Kong, Thailand, Macau, and her native Germany. An established industry leader in the sales and l
Hopewell buys 1 & 3 Swatow Street in Wan Chai
30 October 2014 - Hopewell Holdings (0054) continues its keen investment in Wan Chai. After applying for compulsory sale of a batch of old buildings at 161 to 167 Queen Road East and buying a mini residential plot at Schooner Street for HK$238 million earlier this year, Hopewell recently purchased 1 & 3 Swatow Street within the district. According
“Homantin Hillside” to launch in November
29 October 2014 - Wing Tai Properties (0369) have stated that they may unveil their premium development “Homantin Hillside” in Hung Hom in November and will upload the e-brochure online shortly."With a better location, prices per square foot should be higher than similar projects atop the Kowloon MTR station, close to upscale properties in Kowloon
Residential mortgage loans in negative equity decrease to a single case
28 October 2014 - The Hong Kong Monetary Authority yesterday announced the results of its latest analysis on residential mortgage loans (RMLs) in negative equity. The report shows that the estimated number of RMLs in negative equity decreased to 1 case at the end of September 2014 from 30 cases at the end of June 2014. In addition, the report said
House at “Shouson Peak” sells for HK$73,536 per sq. ft.
27 October 2014 - Sun Hung Kai Properties (0016) launched two houses in its new luxury residential development “Shouson Peak” in Shouson Hill over the weekend. One unit was sold as soon as it was put up for sale.The transacted unit is house 19C with a saleable area of 3,238 sq. ft.. The buyer paid HK$2.38 billion (HK$73,536 /sq. ft.) after discoun
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