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.
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
“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
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