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.
Professional qualification for property agents is cancelled in China
To simplify the excessive number of vocational qualifications, the State Council of China decided to cancel types of professional qualifications for 11 industries. The professional qualification for real estate agents has been placed at the top of the to-be-cancelled list.Market insiders said that the new regulation will reduce
Sino Land and Chinese Estates win mega Kwun Tong Redevelopment Project
Following the failure of the first tender in July, the Urban Renewal Authority yesterday announced that Sino Land (0083) and Chinese Estates (0127) have won the mega Kwun Tong Redevelopment Project. Sources say that the land price of the project is less than the targeted HKD7 billion. The 5.25-hectare town center site, as larg
18 developers submit bids for Tsim Sha Tsui site
With a limited supply of commercial sites in core business districts, the site at 15 Middle Road (Tsim Sha Tsui) attracted the bidding interest of numerour developers. The Lands Department confirmed that the authority received 18 bids for the commercial site as of its tender closing day yesterday.Located in the heart of Tsim Sha T
OKAY.com Receives Red Herring Top 100 Asia award
OKAY.com has been recognized by the prestigious Red Herring media company as one of the leading private ventures in Asia using technology to advance its industry. Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors have been among the fir
Show flat at 'Opus Hong Kong' sells for HKD451M
Swire Properties (1972) announced that the fully furnished show flat apartment on the 10th floor of 'Opus Hong Kong' at Stubbs Road sold for HKD451.3 million yesterday with an existing tenancy agreement and 2 car parking spaces.The apartment is one of several units in the project put up for tender earlier this year. Its transacted
EAA: Agent malpractices often caused by carelessness and ineffective management
The Estate Agents Authority (EAA) has recently conducted an internal analysis of the different types of malpractices substantiated against large and the medium-to-small sized estate agencies and their distribution. The study covered close to 2,000 substantiated breaches over a period of four years from 2010 to 2013.The Authority c
Prices for 'The Hudson' will start at HKD18,600 per sq.ft.
The price list of the first batch of 50 units in single block development “The Hudson” was released last night. The Kennedy Town property is privately owned by Lee Shau Kee, chairman of Henderson Land (0012). Units are comprised of one bedroom to three bedroom apartments with saleable areas between 324 sq.ft. to 659 sq.ft.Accordin
'The Harbourside' locks up cash flow of HK$2.1billion
Hang Lung Properties (0101) announced that it would be selling its remaining 225 luxury apartments at “The Harbourside” in Kowloon Station. The first batch of 48 units will be put on the market tomorrow and have already received 4,200 cheque deposits by potential buyers for registration. This has resulted in HK$2.1 billion in cash
Lui Che Woo sees flattening high end property prices
Chairman of K Wah International, Lui Che Woo, the second richest man in Asia and Hong Kong shared his point of view on the Hong Kong residential market.K Wah International (0173) announced its interim results yesterday and Chairman, Lui Che Woo, said in the press conference that he expects the prices of low end properties to conti
OKAY.com selected as Red Herring Top 100 Asia Finalist
OKAY.com has been selected as a Finalist for the 2014 Red Herring Top 100 Asia Award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region.The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. The nominees are eval
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