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.
'Arezzo' in Mid-Levels West is set to launch next weekend
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
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
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
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
Sharing of the OKAY.com entrepreneurial journey
I was honored to be invited to Paperclip's Startup Campus and share some of the stories / challenges we've faced as a growing organization. It was great to be in a room full of aspiring entrepreneurs, and also to be alongside John McLennan, Managing Director and Owner of Indigo, who brought the experience of running a 30-year
'Kadoorie Lookout' re-launches with 5 percent price increase
Units at 'Kadoorie Lookout' in Ho Man Tin were put on sale again yesterday. Developer Tai Hung Fai Enterprise disclosed the price list for its first batch of 30 re-launched units, raising prices by an average of 5%. Units are sized between 529 to 960 sq. ft.(net) with asking prices of HKD10.728 million to HKD26.12 million (HKD2
Tai Wai Station Project set to be retendered
The MTR Corporation (0066) yesterday announced its intention to retender the mega Tai Wai Station Project. Market expectations forecast that the land premium will be slashed by 30% to around HKD8.11 billion (below HKD3,000 /sq.ft (gross floor area)).Many developers including Cheung Kong Holdings (0001) and Sun Hung Kai Properti
Building Department approves 132 building plans in first seven months of 2014
Developers have become more active in seeking out the approval of floor plan designs for their residential developments. Hong Kong Economic Journal reported that the Buildings Department received 239 building plan approval applications during the first seven months of the year, marking a 61.5% increase year-on-year.In addition,
Home prices and rents continue to soar in July
Home prices continue to rise, hitting another record high. The Rating and Valuation Department (RVD) yesterday released its private domestic report for July, showing that the home price index of all classes increased 2.2% month-on-month to 255.6. This constitutes increases across the last four months, with a new high being set f
“The Avenue” penthouse units with pools ask for over HKD52,000 per sq.ft.
Sino Land (0083) yesterday released the price list of the last 68 units of The Avenue - Phase 2 in Wan Chai.. Two penthouse units with pools are asking for approx. HKD52,000 per sq.ft, marking two of the most expensive properties in the district.For the 68 newly launched apartments at The Avenue - Phase 2. Flat A on the 48th flo
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