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.
Free rental: 1,050 sq. ft. unit on Lantau Island
A recent property advertisement featured a 1,050 sq. ft. two bedroom apartment at “The Sea Ranch” in Lantau being rented out for free, with monthly rental payments being waived for a year. The remotely located property has been found to be in serious disrepair and the owner is willing to charge the tenant a mere HK$2,750 in monthl
Former non-official Executive Council member receives handsome profit from property investments
In line with the continuously rising residential sales market, Franklin Lam Fan-keung, a former non-official member of the Executive Council of Hong Kong, has continued to profit from sales of several luxury properties.After receiving a handsome profit of over HK$7.8 million on the sale of a low floor unit at “Casa Bella” at Caine
Apartment at 39 Conduit Road transacted at HK$54,000 per sq. ft.
The luxury residential sales market surged in the second quarter of 2014 and the trend appears to be continuing. The first unit from a newly available batch of apartments at “39 Conduit Road” in Mid-Levels West was sold yesterday. Sing Tao Daily reported that Flat B on the 38th floor of the property, with a saleable area of 2,476
Two mini sites in Tuen Mun were sold at high prices
Two mini sites in Tuen Mun were sold yesterday at higher than forecasted prices. The commercial-cum-residential site in Yan Ching Street was awarded to Hoyden Holdings, a unit of CSI Properties (0497), for HK$427 million or HK$5,307 per square foot which was 18% higher than the predicted market estimate.In addition, the Lok Chui S
Mainland property agencies cut spending on SouFun
19 property agencies in Shanghai have come together and removed their listings from leading real estate portal SouFun.com due to continuously rising advertising rates and a conflict of interest that has emerged.The agency alliance said that SouFun raised its listing prices 10 times in the past five years. Agencies are becoming mor
Open kitchen trend spreads to brand new 3 bedroom apartments
Open kitchen layouts have been applied to renovated studios and one bedroom apartments for some time now. Facing ever rising home prices, Hong Kong developers have begun to inject the open kitchen concept into brand new 3 bedroom units.To make apartments look much spacious, open kitchens are to be featured in 3 bedroom units at 'H
OKAY.com featured in Oriental Daily News and The Sun as a Platform for Entrepreneurship
CEO Joshua Miller discusses how he left investment banking to pursue life as an entrepreneur, and how OKAY.com is creating a platform for real estate professionals to be entrepreneurs, not employees. “[The] entrepreneurial spirit is very much embodied in the OKAY.com brand, with agents themselves being able to effectively drive their own businesse
London sees record drop in asking prices
Facing tougher mortgage rules and the prospect of rising interest rates, asking property prices in London have observed a record drop in August. According to data from Rightmove, the average asking price of a property in England's capital has fallen £7,758, the largest monthly dip it has ever recorded.The drop is thought to be lar
House 12 at “Twelve Peaks” sells for HK$ 412 million
According to the Sales of First-hand Residential Properties Electronic Platform, House 12 at “Twelve Peaks” sized at 3,771 sq. ft. (saleable), was sold fully furnished for HK$412 million on Friday, equivalent to HK$109,424 per sq. ft.. It marks the third most expensive house transacted in Hong Kong in terms of price per sq. ft..
Two sites in Tuen Mun receive 51 tenders
The Lands Department announced a total of 51 tenders were received for two parcels of land in Tuen Mun on Friday (15 August). 27 bids were submitted for the site at Yan Ching Street, marking the most intense bidding for government land sold within the last three years. Bidding companies included Henderson Land (0012) and Sino Land
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