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.
Shimao Property buys Tung Chung hotel plot for HK$1.83 billion
24 October 2014 - Mainland developer Shimao Property (0813) partnered with another mainland developer, Mingfa Group, to outbid five others and acquire a Tung Chung hotel plot for HK$1.83 billion, meeting estimates.The price for the 138,877 square foot site translates to nearly HK$2,998 per square foot based on gross floor area. Shimao Property is
Sino Land has no hesitations on investing in Hong Kong
23 October 2014 - Occupy Central has now run into its fourth week yet Sino Land (0083) Chairman Robert Ng Chee Siong is not worried that the pro-democracy protests will destroy the rule of law in Hong Kong as he thinks the protests will not last forever. He therefore has "no hesitations" continuing to invest in Hong Kong. Sino Land won the bid f
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 t
Penthouse at "The Arch" takes over title as Asia's most expensive luxury apartment
20 October 2014 - A penthouse unit at The Arch in Kowloon Station was recently transacted for HKD528.8 million (86,348 per sq. ft.), making it the most expensive luxury apartment in Asia. It beats the record set by “Opus Hong Kong” in Mid-Levels East earlier this year. The transacted duplex at the top of Sky Tower, features a private rooftop with
Sai Kung village house sells for record HKD130M
17 October 2014 - A single number village house on the waterfront of Sheung Sze Wan in Sai Kung was recently sold for HKD130 million. The transaction price per square foot amounted to HK$61,905, breaking the record for both transaction price and price per square foot in Hong Kong’s village house market.The nicely renovated house is sized at 2,100
Li Ka-shing urges protesters to go home
16 October 2014 - Li Ka-shing, Asia's richest man and chairman of property developer Cheung Kong (0001) yesterday released a public statement commenting on Occupy Central for the first time. Li called on young people to abandon their Occupy Central campaign and go back to their families.Li expressed that he does not want to see a stand still in Ho
EAA Chairwoman Vivien Chan to finish her term of office at end of October
15 October 2014 - Estate Agents Authority (EAA) Chairwoman Vivien Chan will finish her term of office and leave the EAA at the end of this month. The new EAA chairman will be on board in November.Vivien has been with the EAA for 6 years. She told the media yesterday that she is most proud of her work in launching the new practice circular requirin
New World Development wins Tai Wai Station project
14 October 2014 - New World Development (0017) has won the development rights of the keenly-followed residential project atop Tai Wai MTR station, outbidding eight rivals including Cheung Kong Holdings (0001), Henderson Land (0012) and Wheelock Properties (0020). Henry Cheng Kar Shun, Chairman of New World Development (0017) said that the project'
Lantau Island residential site to launch by public tender next month
14 October 2014 - The Lands Department announced that a residential site in the 2014-15 Land Sale Programme will be put on the market for sale by public tender next month. The particular site is Lot No. 758 in Demarcation District No. 332 at Cheung Sha, Lantau Island. The tender invitation for the site will run from 7 November to 19 December. The
Unit at “The Pavilia Hill” in North Point sold at over HK$ 40,000 per sq. ft.
13 October 2014 - Occupy Central does not appear to have affected the launch of luxury residential projects. 31 units of “The Pavilia Hill” in North Point by New World Development (0017) were sold yesterday during its third round launch, cashing in close to HK$ 800 million for the developer.One buyer purchased 2 apartments in the project for a tot
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