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.
House 12 at “Twelve Peaks” sells for HK$ 412 million
16 August 2014 - 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
16 August 2014 - 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
Swire Chief believes possible interest rate hike would not hugely impact property prices
15 August 2014 - Swire Properties (1972) yesterday announced its interim results for 2014. First-half underlying profit rose 34 percent to HK$3.78 billion from a year earlier, beating analysts' estimates, on higher rental income and higher home sales.Gross rental income from its offices rose 6.5% to HK$2.79 billion and earnings from home sales mor
Homeowners may face lawsuit over death of pregnant woman killed by tree
August 15 2014 - An Indian rubber tree came crashing down on a 37-year-old pregnant woman when she walked along Robinson Road yesterday. The accident occurred outside 'Palm Court', located at 55 Robinson Road, Mid-Levels. Her baby boy was delivered prematurely by cesarean section in Queen Mary Hospital after she passed away from her injuries. He r
Billion Development wins Tsuen Wan site for HK$3.94 billion
14 August 2014 - Billion Development outbid property giants including Cheung Kong Holdings (0001) and Henderson Land (0012) and won the commercial-cum-residential site with a gross floor area of 1.07 million square feet in Yeung Uk Road, Tsuen Wan, for HK$3.94 billion. The price obtained was lower than market estimates.In addition, Wang On Group (
'3 Ede Road' in Kowloon Tong to launch first batch of 30 units
14 August 2014 - Kerry Properties (0683) yesterday announced the price list of the first batch of 30 units for '3 Ede Road' in Kowloon Tong, with listed prices ranging from HK$53.12 million to HK$ 76.59 million, equivalent to HK$ 34,400 to HK$ 45,800 per squarefoot. The price level is 30% to 40% higher than secondary market luxury developments wit
Asian property buyers flock to Hawaii
13 August 2014 - With its multicultural community, Hawaii continues to attract considerable interest of wealthy Asian, and particularly Chinese, property buyers due to long-standing connections with the continent, its location, amenities and recent direct flights from both China and Taiwan. Chinese buyers tend to be most attracted to the eastern
Chan Ka-keung: Government will take action should property speculation recur
13 August 2014 - Commenting on the Hong Kong property market's recent increase in transactions, the Secretary for Financial Services and the Treasury, Ceajer Chan Ka-keung, yesterday expressed in a media luncheon that the risk of correction in the property market is much more obvious than 2 years ago. The Government will closely monitor the status
Tai Po residential site to be put on market again for tender
13 August 2014 - The Lands Department announced that a site, Tai Po Town Lot No. 213 at Fo Chun Road, Pak Shek Kok, Tai Po, New Territories, will be put on the market again by public tender.The tender for the 204,516 square foot site in Fo Chun Road, Pak Shek Kok, and close to Tolo harbor, will run from September 12 to October 24. It is expected t
Norman Chan: Hong Kong to face three challenges upon US interest rate hikes
12 August 2014 - Hong Kong Monetary Authority chief executive Norman Chan Tak- Lam yesterday stated in his inSight column that Hong Kong will face three challenges in the coming five years if the United States hikes interest rates as expected by mid-2015.Chan said that the global financial environment is still in a highly unusual state. When the c
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