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.
Kerry Properties to launch 3 luxury home projects in the second half
24 July 2014 - Kerry Properties (00683) is planning to launch 3 luxury residential projects including No.1-3 Ede Road in Kowloon Tong, “No. 8 LASALLE” in Ho Man Tin and “Dragons Range” in Kau To, Sha Tin in the second half of the year. The three projects will provide a total of over 1,100 units. Th 56 units at “No. 8 LASALLE” will be placed on th
Stanley residents object to redevelopment plans of “Blue House Restaurant”
23 July 2014 - The Miramar Group has submitted an application for redevelopment of its “Blue House Restaurant” in Stanley with the intention to build a hotel on the site. This has upset residents and tourists who fear that the landmark area and landscape behind the building would be demolished if plans go ahead. The Town Planning Board has receive
Kensington Hill to be put on sale in August
22 July 2014 - Wheelock Properties cashed in over HK$13.5 billion from real estate project sales in the first half of 2014, with revenue already exceeding the target set earlier for the whole year. After the launch of “GRAND AUSTIN” in Tsim Sha Tsui, Wheelock is planning to launch its Sai Ying Pun project “ Kensington Hill” in the second half.Whee
John Tsang reminds the public to beware of hot sentiment
20 July 2014 - The Financial Secretary of Hong Kong, John Tsang Chun-wah, recently expressed in his blog that he is relieved that the Double Stamp Duty was approved by Legco within the 2014 Legislative Session. Tsang mentioned that demand in the property market has eased after implemention of the Special Stamp Duty, Buyer Stamp Duty and Double Sta
OKAY.com Appoints Edelman Hong Kong
18 July 2014 - OKAY.com, a group of leading property agents and technology entrepreneurs dedicated to providing more choice to people looking to buy, sell or invest in property, has appointed Edelman, the world’s largest independent PR firm, as its public relations agency of record. Edelman will partner with OKAY.com to provide corporate media re
Authority criticizes Cheung Kong for not letting buyers view show flats
18 July 2014 - Cheung Kong yesterday released the price list of the first batch units of Mont Vert Phase 1 in Tai Po. The Sales of First-hand Residential Properties Authority found that the developer specified in the document of sale arrangements for its 260 first batch units that all of the registrants who will have submitted the Registration of
Twelve Peaks to open for tender
17 July 2014 - "TWELVE PEAKS" on the Peak developed by Sun Hung Kai Properties will open to the market for tender this Saturday (July 19). Sun Hung Kai Properties Deputy Managing Director Victor Lui Ting said that they will begin accepting bids and the show houses at the completed development will be open to buyers for visiting. The market believe
The Real Estate Developers Association to discuss "Pilot Scheme for Arbitration on Land Premium" at the end of July
17 July 2014 - Chief Executive CY Leung said in the 2014 Policy Address that the Hong Kong Government will introduce a "Pilot Scheme for Arbitration on Land Premium" to facilitate early agreement on land premium payable by way of arbitration, and the Development Bureau (DEVB) will set up a dedicated cross-disciplinary team to assist the Steering C
Kwun Tong redevelopment project receives four tenders, total investment may exceed HK$16 billion
15 July 2014 - Local newspapers reported that the mega Kwun Tong redevelopment project, Kung Tong Town Centre Project (Development Areas 2 & 3), received a fewer-than-expected four tenders. These included offers from Sun Hung Kai (0016), Wheelock (0020) and Henderson Land Development, and one unknown party. Surveyors are worried that the project c
Norman Chan: "Cycle change needed to ease property curbs"
14 July 2014 - The Hong Kong Monetary Authority has introduced six rounds of "countercyclical" supervisory measures for containing the supply of mortgage credit during the upward cycle experienced since 2009.Local newspapers reported that Hong Kong Monetary Authority chief executive Norman Chan Tak-lam wrote on the HKMA website and concluded that
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