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.
EAA: Agent malpractices often caused by carelessness and ineffective management
27 August 2014 - The Estate Agents Authority (EAA) has recently conducted an internal analysis of the different types of malpractices substantiated against large and the medium-to-small sized estate agencies and their distribution. The study covered close to 2,000 substantiated breaches over a period of four years from 2010 to 2013. The Authority
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
'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
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
OKAY.com selected as Red Herring Top 100 Asia Finalist
25 August 2014 - OKAY.com has been selected as a Finalist for the 2014 Red Herring Top 100 Asia Award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region. The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. The nominees are eva
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
Former non-official Executive Council member receives handsome profit from property investments
22 August 2014 - In line with the continuously rising residential sales market, Franklin Lam Fan-keung, a former non-official member of the Executive Council of Hong Kong, has continued to profit from sales of several luxury properties. After receiving a handsome profit of over HK$7.8 million on the sale of a low floor unit at “Casa Bella” at Cain
Apartment at 39 Conduit Road transacted at HK$54,000 per sq. ft.
22 August 2014 - The luxury residential sales market surged in the second quarter of 2014 and the trend appears to be continuing. The first unit from a newly available batch of apartments at “39 Conduit Road” in Mid-Levels West was sold yesterday. Sing Tao Daily reported that Flat B on the 38th floor of the property, with a saleable area of 2,476
Two mini sites in Tuen Mun were sold at high prices
21 August 2014 - Two mini sites in Tuen Mun were sold yesterday at higher than forecasted prices. The commercial-cum-residential site in Yan Ching Street was awarded to Hoyden Holdings, a unit of CSI Properties (0497), for HK$427 million or HK$5,307 per square foot which was 18% higher than the predicted market estimate. In addition, the Lok Chui
Mainland property agencies cut spending on SouFun
21 August 2014 - 19 property agencies in Shanghai have come together and removed their listings from leading real estate portal SouFun.com due to continuously rising advertising rates and a conflict of interest that has emerged. The agency alliance said that SouFun raised its listing prices 10 times in the past five years. Agencies are becoming mo
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