Insights

Tag: hong kong sale

“The Avenue” penthouse units with pools ask for over HKD52,000 per sq.ft.

5 September 2014 - Sino Land (0083) yesterday released the price list of the last 68 units of The Avenue - Phase 2 in Wan Chai.. Two penthouse units with pools are asking for approx. HKD52,000 per sq.ft, marking two of the most expensive properties in the district. For the 68 newly launched apartments at The Avenue - Phase 2. Flat A on the 48th fl
By: OKAY.com

Mainland developer purchases 48 Caine Road

4 September 2014 - Yuzhou Properties (1628) announced that the company purchased a residential property located at 48 Caine Road for a consideration of HKD374 million. The company intends to redevelop the property into a 27-storey luxury residential project. The CFO Chiu Yu Kang said the construction and interest cost of the project is expected to
By: OKAY.com

High property prices will not continue and there is no need for additional cooling measures

4 September 2014 - [Translated from HKET] As property prices are on the rise, the market is concerned about whether the government will impose additional cooling measures. Joshua Miller, CEO of OKAY.com, thinks that the government does not need to impose additional measures, since existing transaction volumes are low, and property prices would not
By: OKAY.com

Sino Land and Chinese Estates win mega Kwun Tong Redevelopment Project

2 September 2014 - Following the failure of the first tender in July, the Urban Renewal Authority yesterday announced that Sino Land (0083) and Chinese Estates (0127) have won the mega Kwun Tong Redevelopment Project. Sources say that the land price of the project is less than the targeted HKD7 billion.    The 5.25-hectare town center site, as lar
By: OKAY.com

18 developers submit bids for Tsim Sha Tsui site

30 August 2014 - With a limited supply of commercial sites in core business districts, the site at 15 Middle Road (Tsim Sha Tsui) attracted the bidding interest of numerour developers. The Lands Department confirmed that the authority received 18 bids for the commercial site as of its tender closing day yesterday. Located in the heart of Tsim Sha
By: OKAY.com

Show flat at 'Opus Hong Kong' sells for HKD451M

28 August 2014 - Swire Properties (1972) announced that the fully furnished show flat apartment on the 10th floor of 'Opus Hong Kong' at Stubbs Road sold for HKD451.3 million yesterday with an existing tenancy agreement and 2 car parking spaces. The apartment is one of several units in the project put up for tender earlier this year. Its transacte
By: OKAY.com

Prices for 'The Hudson' will start at HKD18,600 per sq.ft.

27 August 2014 - The price list of the first batch of 50 units in single block development “The Hudson” was released last night. The Kennedy Town property is privately owned by Lee Shau Kee, chairman of Henderson Land (0012). Units are comprised of one bedroom to three bedroom apartments with saleable areas between 324 sq.ft. to 659 sq.ft. Accordi
By: OKAY.com

'The Harbourside' locks up cash flow of HK$2.1billion

29 August 2014 - Hang Lung Properties (0101) announced that it would be selling its remaining 225 luxury apartments at “The Harbourside” in Kowloon Station. The first batch of 48 units will be put on the market tomorrow and have already received 4,200 cheque deposits by potential buyers for registration. This has resulted in HK$2.1 billion in cash
By: OKAY.com

Lui Che Woo sees flattening high end property prices

26 August 2014 - Chairman of K Wah International, Lui Che Woo, the second richest man in Asia and Hong Kong shared his point of view on the Hong Kong residential market. K Wah International (0173) announced its interim results yesterday and Chairman, Lui Che Woo, said in the press conference that he expects the prices of low end properties to cont
By: OKAY.com

Free rental: 1,050 sq. ft. unit on Lantau Island

23 August 2014 - A recent property advertisement featured a 1,050 sq. ft. two bedroom apartment at “The Sea Ranch” in Lantau being rented out for free, with monthly rental payments being waived for a year. The remotely located property has been found to be in serious disrepair and the owner is willing to charge the tenant a mere HK$2,750 in monthl
By: OKAY.com
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