Insights
Tag: hong kong property
Kwun Tong redevelopment project fails to attract takers
30 July 2014 - The mega Kwun Tong redevelopment project, Kung Tong Town Centre Project (Development Areas 2 & 3), requiring investment of up to HK$18 billion, has failed to attract any takers, the first time the Urban Renewal Authority (URA) has faced such a tender failure. The Authority yesterday said that all tenders had failed to meet the HK$8
Cheung Kong sales revenue crosses HK$20 billion aided by Mont Vert launch
28 July 2014 - 433 units at Cheung Kong's “Mont Vert (Phase 1)” development in Tai Po were quickly sold during the first two days of its launch, cashing in over HK$2.6 billion. Adding to other developments sold earlier this year, Cheung Kong has already received over HK$17.6 billion in year-to-date residential sales. This compares very favourably
Residential mortgage loans in negative equity decreased to 30 cases in Q2
26 July 2014 - Recent figures released by the Hong Kong Monetary Authority highlight a decrease in residential mortgage loans (RMLs) that have been forced into negative equity. 30 cases were recorded at end-June 2014 compared with 81 cases at end-March 2014. The aggregate value of RMLs in negative equity decreased to HK$129 million at end-June 201
73,000 flats to be available in the next few years, marking 8-year high
26 July 2014 - The Government has been actively launching residential sites in recent years. According to figures from the Transport and Housing Bureau, construction began on 12,300 private housing units during the first half of 2014. This is the highest figure since records began in 2004. The figures showed that 73,000 flats will be available in
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 t
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. Whe
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
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
OKAY.COM App
Let's Connect
Signup to receive the latest properties
15/F, Wilson House, 19-27 Wyndham St., Central, Hong Kong
+852 2102 0888
© 2024 Okay Property Agency LimitedEAA License Number C-036846All Rights Reserved