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.
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
Six plots to be put up for tender in Q4 2014
25 September 2014 - The HK Government announced yesterday that six plots of land will be put up for tender in the fourth quarter of 2014 to address growing home demand. Combined with sites offered by the MTR Corporation (0066) and the Urban Renewal Authority, a total of up to 6,700 units could be built if bids are successful.Secretary for Developm
First batch of units at “Arezzo” sold within 3 hours
24 September 2014 - Swire Properties (1972) sold out the first batch of 50 units at its Mid-Levels West development “Arezzo” within 3 hours yesterday, generating a total revenue of HK$1.23 billion. Real estate agents said that about 60% of buyers were investors, the rest were upgraders, mostly residents of Hong Kong Island looking to sell their cu
“The Pavilia Hill” in North Point is set to launch shortly
23 September 2014 - New World Development (0017) yesterday uploaded the e-brochure of its brand new project “The Pavilia Hill” in North Point. The project is set to launch very soon, with market insiders indicating that the developer will open its show flats for viewing by real estate agents this Thursday (25 September). These are expected to incl
“Eden Gate” at Ede Road in Kowloon Tong to launch in October
22 September 2014 - Chinachem Group plans to launch its brand new luxury development “Eden Gate” at Ede Road in Kowloon Tong in early October. The project is comprised of 44 apartments and 3 houses. The first batch will consist of 30 standard unit apartments, and prices will be released in due course.There are 40 standard units sized between 1,260
Detached house in Tao Po Kau sells for HKD480 million
19 September 2014 - The super luxury residential market has become more active. According to the Land Registry, a detached house along Tai Po Kau Road No. 4781 recently sold for HKD480 million (HKD29,000 per sq. ft.). This marks a new record high for a single house in the New Territories.The site of the property is about 61,742 sq. ft. and the de
'Arezzo' in Mid-Levels West is set to launch next weekend
17 September 2014 - Swire Properties' (1972) 'Arezzo', located at 33 Seymour Road in Mid-Levels West, is set to launch next weekend. The developer released the price list for its first batch of 50 units yesterday. The apartments are sized between 911 to 976 sq. ft.(saleable) and prices are set to range from HKD22.28 million to HKD29.58 million (HK
Tai Wai Station Project receives record bids for MTR Corp
16 September 2014 - After a failed tender two years ago, MTR Corporation (0066) re-launched its mega project atop Tai Wai station for tender again this month and received 23 bidding documents from developers prior to yesterday's closing. This marks the highest number of bids ever recorded for an MTR Corporation tender project.The 23 developers who
Construction application of private vehicle access road to '17 Bowen Road' is rejected
13 September 2014 - Following objections from different parties including the Transport Department, the Town Planning Board has rejected the application for the construction of a private vehicle access road to “17 Bowen Road” in Mid Levels.'Alliance For a Beautiful Hong Kong' objected the proposal and collected over 3,000 signatures against the a
High floor unit at 'The Somerset' sold for HKD116 million
12 September 2014 - A new transaction was recently compleed in well-known luxury building “The Somerset” in Repulse Bay. Sing Tao Daily reported that a flat C on a high floor of “The Somerset” sized at 2,463 sq. ft. (saleable) was sold for HKD116 million together with one car parking space. The transaction achieved a total of HKD47,097 per square
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