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.
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
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
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
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.
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
Shimao Property buys Tung Chung hotel plot for HK$1.83 billion
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
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
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
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
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
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