Insights
Tag: hong kong property
EAA Chairwoman Vivien Chan to finish her term of office at end of October
15 October 2014 - Estate Agents Authority (EAA) Chairwoman Vivien Chan will finish her term of office and leave the EAA at the end of this month. The new EAA chairman will be on board in November. Vivien has been with the EAA for 6 years. She told the media yesterday that she is most proud of her work in launching the new practice circular requiri
New World Development wins Tai Wai Station project
14 October 2014 - New World Development (0017) has won the development rights of the keenly-followed residential project atop Tai Wai MTR station, outbidding eight rivals including Cheung Kong Holdings (0001), Henderson Land (0012) and Wheelock Properties (0020). Henry Cheng Kar Shun, Chairman of New World Development (0017) said that the project'
Lantau Island residential site to launch by public tender next month
14 October 2014 - The Lands Department announced that a residential site in the 2014-15 Land Sale Programme will be put on the market for sale by public tender next month. The particular site is Lot No. 758 in Demarcation District No. 332 at Cheung Sha, Lantau Island. The tender invitation for the site will run from 7 November to 19 December. The
Local home prices rise five straight months, reaching record high
8 October 2014 - The Rating and Valuation Department released its latest data report yesterday. The Private Domestic Price Index was showed to have hit 260.8, up nearly 1.9% from July when a 2.3% gain was recorded. Local home prices have risen for five straight months, reaching a new record high. In addition, the data also showed the local residen
Turtle Cove house for sale by tender
6 October 2014 - House 1 at Turtle Cove, situated along Tai Tam Road on Hong Kong Island's Southside, was recently put on the market for sale by tender. The 3-storey house sized at 4,002 sq. ft. (saleable) boasts a 5 bedroom layout and is located at the waterfront with private road access to the nearby beach. The tender closing date is set a 31 Oc
Singer Andy Hui buys unit at Ridge Court, Repulse Bay
4 October 2014 - Famous Hong Kong Singer Andy Hui is reported to have bought a low floor flat B unit (1,780 sq. ft. saleable) at “Ridge Court” for HKD44.6 million two weeks before Occupy Central commenced. The transacted price per sq. ft. of HKD25,056 set a record high for this 50 year old luxury development. Land Registry records show that the fo
Sino wins Fanling site for HKD730 million
30 September 2014 - Sino Land (0083) has won the residential site at Luen Wo Hui, Fanling for HKD730 million. The plot has a total area of 2,828 square meters and the gross floor area stands between 11,701 square meters and 19,501 square meters. At least 250 residential flats must be built on the plot. Sino Land beat 22 bidders which included the
First batch of “The Pavilia Hill” to launch at average of HKD23,159 per sq. ft.
26 September 2014 - Developers appear to have recently sped up sale arrangements for their luxury residential developments. After uploading of the e-brochure earlier this week, New World Development (0017) unexpectedly announced the price of the first batch of units at “The Pavilia Hill” in North Point yesterday. The price list puts the average pr
Six plots to be put up for tender in Q4 2014
25 September 2014 - The HK Government announced yesterday that six plots of land will be put up for tender in the fourth quarter of 2014 to address growing home demand. Combined with sites offered by the MTR Corporation (0066) and the Urban Renewal Authority, a total of up to 6,700 units could be built if bids are successful. Secretary for Develop
Peter Churchouse's Real Estate Rule #4: Save a Fortune With A Conversation
Peter Churchouse is the founder of Portwood Capital, a leading real estate investment company. With more than three decades of experience in real estate investment and research he is widely considered one of the world’s foremost authorities on Asian real estate markets. He is also author of The Churchouse Letter, his financial newsletter which pro
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