Insights
Tag: hong kong property
27 bids received for Tsuen Wan and Ma On Shan sites
9 August 2014 - The tender for two land parcels located at Yeung Uk Road, Tsuen Wan and Hang Kwong Street, Ma On Shan was closed on Friday (8 August). Ming Pao reported that 27 tenders were received, of which 11 placed bids on the Tsuen Wan site and 16 placed bids on the Ma On Shan site. The response was better than market expectations. The potent
Average home prices in Hong Kong hit another record
8 August 2014 - Hong Kong's average home prices rose for a third consecutive month and hit a record high again in June. The Rating and Valuation Department yesterday announced that the monthly price index of private housing climbed 2.6 percentage points from the previous record, set in May, to 249.8. Small and medium-sized units saw the sharpest u
World's Most Expensive Home for Sale on the Peak
7 August 2014 - After withdrawing two houses put on tender last month due to bids not meeting target prices, Sun Hung Kai Properties (0016) yesterday released the price list of the 12 houses at 'Twelve Peaks' at 12 Mount Kellett Road on the Peak, with an average asking price of HK$127,000 per sq. ft. (net). House 1 sized at 4,661 sq. ft. (net) wit
URA lowers entry barrier for Kwun Tong mega project
6 August 2014 - The Urban Renewal Authority will re-tender the Kwun Tong redevelopment project, the Kwun Tong Centre Project (Areas 2 and 3), scrapping the HK$8 billion entry fee but leaving unchanged the requirement to build 1,700 mid- to large-sized flats. It is expected that the bottom price will be adjusted and bidding interest from developers
Expats looking at more affordable luxury homes
4 August 2014 - Foreign corporations have been bringing in fewer expatriate executives to Hong Kong and have reduced housing budgets in recent years. Increasingly conservative budgets at multinational firms, whose employees are the usual drivers of the third-quarter luxury-leasing spike, have also manifested themselves in reduced demand for the ci
A record 30 agents had their licenses revoked in the first half of 2014
1 August 2014 - The Estate Agents Authority announced that in the first six months of this year, a record 30 agents had their licenses revoked. This is 1.5 times higher than the figure for the whole of last year. Most of them, however, were because of cases unrelated to the property industry. Nevertheless, Estate Agents Authority CEO Ruby Hon high
Li Ka-shing sees sustained low interest rate environment
1 August 2014 - Cheung Kong Holdings (0001) announced its interim report this week which saw its net profit soar 59 percent in the first six months of the year to HK$21.35 billion from a year ago, beating market expectations. Cheung Kong Group Chairman Li Ka-shing said in the report that buyer sentiment had recently improved, and construction cost
339 Tai Hang Road to launch next Wednesday
31 July 2014 - The price list and details of sales arrangements for Lai Sun Development's (0488) “339 Tai Hang Road” in Happy Valley were released yesterday. The development is comprised of 9 luxury residential units, with prices starting from HK$58.5 million to HK$371.5 million. Buyers who choose the “Immediate Mortgage Payment” package will enj
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