OKAY.com First-Hand New Developments Page: Your New Property Information Hub
The OKAY.com First-Hand New Developments page provides you with the latest and most comprehensive information on new property launches in Hong Kong, covering multiple projects across Hong Kong Island, Kowloon, and the New Territories to help you stay in tune with market trends. Whether you're looking for off-the-plan (pre-sale) properties or completed ready-to-move-in units, we have carefully curated the most up-to-date projects from Hong Kong's major developers. Here, you can easily browse detailed project information, sales arrangements, price lists, floor plans, photos and videos of show flats / model units. Beyond basic unit details, we also offer professional insights, including analysis of the development potential of the area, transportation advantages, and surrounding community facilities.
About New Developments & Definitions
Depending on completion status, so-called "first-hand new developments" are mainly divided into two categories: "off-the-plan" (樓花) and "completed / ready properties" (現樓). "Off-the-plan" refers to projects that have not yet been completed or received an Occupation Permit. Developers typically begin pre-sales during the construction period, and such transactions are regulated under the Lands Department's Consent Scheme for the Sale of Uncompleted Residential Properties to protect buyers' interests. Buyers should pay close attention to the "expected key date", which indicates the anticipated completion and handover time. "Completed / ready properties" refer to projects that have already been built and issued a Certificate of Compliance / Occupation Permit. Buyers can usually arrange to view actual units in person, experience the views and layout firsthand, and enjoy "buy today, move in soon" convenience.
4 Major Advantages of Buying New Developments
Compared with the secondary market, purchasing first-hand new developments offers unique attractions, especially suitable for first-time buyers and investors:
- Flexible Payment Options: To attract buyers, developers often offer a variety of payment plans. Some projects even provide high loan-to-value mortgages or tax rebates, allowing buyers greater flexibility in managing their finances.
- No Commission for Buyers: When purchasing first-hand new properties, the estate agent's commission is usually fully paid by the developer. Buyers do not need to pay any commission out of pocket, instantly reducing the initial financial burden and freeing up capital for other uses.
- Modern Facilities & Amenities: Newly completed estates typically feature luxurious clubhouses, landscaped gardens, and smart home systems — all designed to meet contemporary lifestyle needs and ensure a higher quality of living.
- No Renovation Hassle: New developments are usually handed over with basic finishes, kitchen cabinets, and bathroom appliances already included. Buyers only need to add furniture to move in, saving both the high cost and time involved in major renovation work.
Featured First-Hand New Developments
Browse the latest first-hand new launches now, stay on top of market hotspots and opening offers — find your ideal home today!
Please note: Our real estate agency service fees are 50% of one month's rent for leasing transactions (shared equally by landlord and tenant) or 1% of the transaction price for sale & purchase transactions (shared equally by buyer and seller). For purchases of new development projects, our company does not charge any fees to the buyer.