Property News & Insights

Explore OKAY.com’s latest property news and trends across the Hong Kong, China and Global property markets. With expert commentary and opinion, we keep you up to date on property happenings both near and far.

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
By: OKAY.com

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
By: OKAY.com

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
By: OKAY.com

Developers: "Occupy Central does not affect property launch"

29 September 2014 - The Occupy Central movement officially commenced over the weekend. Nevertheless, many brand new residential projects with show flats and sale offices located on Hong Kong Island continued to operate on Sunday. A Swire spokesperson told the media that the developer will stick to its plan of launching the second batch of units at
By: OKAY.com

35 South Bay Road sold for HKD808 million

27 September 2014 - Land Registry data indicates that 35 South Bay Road in South Bay, owned by former Legislative Council member Ho Sai-chu’s family was recently sold for HKD808 million. This marks Hong Kong’s largest single house deal across the past three years. Its price per square foot of HKD110,800 is a Southside record high and also the thir
By: OKAY.com

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
By: OKAY.com

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
By: OKAY.com

First batch of units at “Arezzo” sold within 3 hours

24 September 2014 - Swire Properties (1972) sold out the first batch of 50 units at its Mid-Levels West development “Arezzo” within 3 hours yesterday, generating a total revenue of HK$1.23 billion. Real estate agents said that about 60% of buyers were investors, the rest were upgraders, mostly residents of Hong Kong Island looking to sell their cu
By: OKAY.com

“The Pavilia Hill” in North Point is set to launch shortly

23 September 2014 - New World Development (0017) yesterday uploaded the e-brochure of its brand new project “The Pavilia Hill” in North Point. The project is set to launch very soon, with market insiders indicating that the developer will open its show flats for viewing by real estate agents this Thursday (25 September). These are expected to incl
By: OKAY.com

“Eden Gate” at Ede Road in Kowloon Tong to launch in October

22 September 2014 - Chinachem Group plans to launch its brand new luxury development “Eden Gate” at Ede Road in Kowloon Tong in early October. The project is comprised of 44 apartments and 3 houses. The first batch will consist of 30 standard unit apartments, and prices will be released in due course. There are 40 standard units sized between 1,26
By: OKAY.com
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