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.
“Ladder Street Terrace” block sold at HKD140M
10 October 2014 - Sing Tao Daily reported that an entire building at “Ladder Street Terrace” in Mid-Levels West was recently transacted at HKD140 million. The site of the property is approximately 2,860 sq. ft. with the maximum plot ratio being 5 times the site area.In terms of the maximum re-development area, the transaction price is about HKD9,7
Compulsory auction application for “Western Court” approved
9 October 2014 - The Lands Tribunal recently approved Henderson Land (0012) or its related company‘s application for compulsory sale of land on the “Western Court” site in Sai Wan. The developer applied for the compulsory auction in 2011 and the reserve price of the project will amount to HKD2.95 billion. It is expected that the project will be
Local home prices rise five straight months, reaching record high
8 October 2014 - The Rating and Valuation Department released its latest data report yesterday. The Private Domestic Price Index was showed to have hit 260.8, up nearly 1.9% from July when a 2.3% gain was recorded. Local home prices have risen for five straight months, reaching a new record high.In addition, the data also showed the local resident
“8 LaSalle” units asking for HKD23,196 per sq. ft., well above secondary market
7 October 2014 - Kerry Properties (0683) yesterday announced the price list of its luxury residential project “8 LaSalle” in Ho Man Tin. The first batch of 30 units, located between the second and fifteenth floors of the property, include 3 special units with flat roofs.The developer also announced the sale arrangements for the property last night
Turtle Cove house for sale by tender
6 October 2014 - House 1 at Turtle Cove, situated along Tai Tam Road on Hong Kong Island's Southside, was recently put on the market for sale by tender. The 3-storey house sized at 4,002 sq. ft. (saleable) boasts a 5 bedroom layout and is located at the waterfront with private road access to the nearby beach. The tender closing date is set a 31 Oc
Singer Andy Hui buys unit at Ridge Court, Repulse Bay
4 October 2014 - Famous Hong Kong Singer Andy Hui is reported to have bought a low floor flat B unit (1,780 sq. ft. saleable) at “Ridge Court” for HKD44.6 million two weeks before Occupy Central commenced. The transacted price per sq. ft. of HKD25,056 set a record high for this 50 year old luxury development.Land Registry records show that the for
Sino wins Fanling site for HKD730 million
30 September 2014 - Sino Land (0083) has won the residential site at Luen Wo Hui, Fanling for HKD730 million. The plot has a total area of 2,828 square meters and the gross floor area stands between 11,701 square meters and 19,501 square meters. At least 250 residential flats must be built on the plot.Sino Land beat 22 bidders which included the l
Developers: "Occupy Central does not affect property launch"
29 September 2014 - The Occupy Central movement officially commenced over the weekend. Nevertheless, many brand new residential projects with show flats and sale offices located on Hong Kong Island continued to operate on Sunday.A Swire spokesperson told the media that the developer will stick to its plan of launching the second batch of units at
35 South Bay Road sold for HKD808 million
27 September 2014 - Land Registry data indicates that 35 South Bay Road in South Bay, owned by former Legislative Council member Ho Sai-chu’s family was recently sold for HKD808 million. This marks Hong Kong’s largest single house deal across the past three years. Its price per square foot of HKD110,800 is a Southside record high and also the thir
First batch of “The Pavilia Hill” to launch at average of HKD23,159 per sq. ft.
26 September 2014 - Developers appear to have recently sped up sale arrangements for their luxury residential developments. After uploading of the e-brochure earlier this week, New World Development (0017) unexpectedly announced the price of the first batch of units at “The Pavilia Hill” in North Point yesterday.The price list puts the average pri
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