Insights
Tag: hong kong sale
Occupy Central’s effect diminishes with property index hitting record high
17 November 2014 - Today marks the eighth week since Occupy Central began and latest statistics indicate a diminishing influence by the movement on the property market. According to the newest CCL index released on Nov 14, the index for all districts, except Hong Kong Island which dropped 2.78%, have recorded increases by 0.94% (Kowloon), 0.53% (E
Consumer Council urges strict regulations to put undesirable sales practices in first hand property market to rest
13 November 2014 - The Consumer Council issued their latest study on the sales of first-hand residential properties, criticizing the new sales regulations adopted since last April for not eliminating undesirable sales practices in the market, including multiphase sales arrangements, advanced cheque payment offered by real estate agents, and genera
The end of US bond-purchase program poses limited threat to Hong Kong property market
10 November 2014 - The Federal Reserve announced today the formal end of its $3.7 billion Quantitative Easing bond purchasing program, while planning to keep interest rates constant for a ‘considerable’ period of time.The Fed’s former Chief, Ben Bernanke once mentioned that interest rate increases will be brought forward when the U.S. jobless rate
Hong Kong home prices rise 8.4% within the first nine months of 2014
8 November 2014 - Data released by the Rating and Valuation Department shows that Hong Kong home prices reached a new high for the sixth consecutive month in September. The monthly price index for private homes climbed to a new record 265.8 during the same month, marking an increase of 1.8% compared with August. In addition, Hong Kong home prices
Car park space at “The Harbourside” asks for HKD3M
6 November 2014 - Hang Lung Properties (0101) will launch 147 car park spaces for sale at “The Harbourside” atop Kowloon Station next Saturday (November 15). The most expensive car park space in the offered batch is asking for HKD3 million. These car park spaces are located on different floors with prices ranging from HKD2.6 million to HKD3 millio
Consideration for residential sale and purchase agreements up 17.9% in October
4 November 2014 - The Land Registry's statistics for October 2014 state that the number of sales and purchase agreements for all building units received for registration in October was 7,967, a decrease of 0.4% month-on-month but increase of 71.4% year-on-year. The total consideration for sale and purchase agreements in October was HK$68.6 billion
3 units of “Opus Hong Kong” on the Peak to launch for sale by tender
1 November 2014 - Swire Properties (1972) yesterday announced it will put three luxury units at the “Opus Hong Kong” on the market for tender. The property is located at 53 Stubbs Road on the Peak. The three units include a 5,146 sq. ft. (saleable) unit on the second floor with a reference price of HK$400 million (HK$ 77,700 per sq. ft.). The deve
Hopewell buys 1 & 3 Swatow Street in Wan Chai
30 October 2014 - Hopewell Holdings (0054) continues its keen investment in Wan Chai. After applying for compulsory sale of a batch of old buildings at 161 to 167 Queen Road East and buying a mini residential plot at Schooner Street for HK$238 million earlier this year, Hopewell recently purchased 1 & 3 Swatow Street within the district. Accordin
“Homantin Hillside” to launch in November
29 October 2014 - Wing Tai Properties (0369) have stated that they may unveil their premium development “Homantin Hillside” in Hung Hom in November and will upload the e-brochure online shortly. "With a better location, prices per square foot should be higher than similar projects atop the Kowloon MTR station, close to upscale properties in Kowloo
House at “Shouson Peak” sells for HK$73,536 per sq. ft.
27 October 2014 - Sun Hung Kai Properties (0016) launched two houses in its new luxury residential development “Shouson Peak” in Shouson Hill over the weekend. One unit was sold as soon as it was put up for sale. The transacted unit is house 19C with a saleable area of 3,238 sq. ft.. The buyer paid HK$2.38 billion (HK$73,536 /sq. ft.) after discou
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