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.
Twelve Peaks to open for tender
"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
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
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"
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
Double Stamp Duty approved by Legco
The Double Stamp Duty has been approved by Legco, 17 months after being proposed. The additional stamp duties will be retroactively applied. These have been collected since February of last year and will now be transferred to the government. The measure was introduced as an attempt to cool Hong Kong's property market. For the full a
Banks adjust Hong Kong property price forecasts, smaller decreases expected
JP Morgan and Bank of America Merrill Lynch have revised property price forecasts for the year. A decrease of 5% is now expected, comparing favourably against the respective 25-30% and 10% decreases previously predicted. This is a result of delayed US interest rate changes and a smaller than expected effect on secondary prices creat
Price list of No.3 Plunkett's Road unexpectedly removed from site
Oriental Daily reported that Tai Cheung Holdings uploaded the brochure and price list of two houses at No.3 Plunkett’s Road on their website yesterday. This included “House F” (net area of 4,850 sq. ft.) with a price tag of HK$400 Million suggesting an approximate HK$82,474 per sq. ft. for its saleable area. Comparing this price wit
Mini apartments of 177 sq.ft to be sold in Mont Vert development are smaller than some sub-divided flats
The selling price of units in "Mont Vert" Phase 1 in Tai Po, developed by Cheung Kong, will be disclosed next week alongside the number of first batch apartments and the intended launch date. Apple Daily reported that developer has already uploaded the e-brochure of " Mont Vert" Phase 1 on its official website and 4 show flats will
Sun Hung Kai wins 2 residential plots in Tin Shui Wai for HK$4.2billion, lowest ppsf in 13 years
Hong Kong Economic Times reported that Sun Hung Kai Properties has won two residential plots in Tin Shui Wai for a total of approximately HK$4.2 billion. The average transaction price of HK$ 1,854 per square foot marks a 13-year record low for land prices within the district.Victor Lui, Deputy Managing Director of Sun Hung Kai Proper
Barclays warns investors that Occupy Central could hurt property market
Figures released by the Rating and Valuation Department showed Hong Kong’s property price index reached an all-time high in May. An index following rentals also climbed upwards for three months in a row.According to a report by Barclays, home prices are now 13.5 times that of gross household income, which is higher than the figure of
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