Insights
Tag: market trends
Apartment at 39 Conduit Road transacted at HK$54,000 per sq. ft.
22 August 2014 - The luxury residential sales market surged in the second quarter of 2014 and the trend appears to be continuing. The first unit from a newly available batch of apartments at “39 Conduit Road” in Mid-Levels West was sold yesterday. Sing Tao Daily reported that Flat B on the 38th floor of the property, with a saleable area of 2,476
Mainland property agencies cut spending on SouFun
21 August 2014 - 19 property agencies in Shanghai have come together and removed their listings from leading real estate portal SouFun.com due to continuously rising advertising rates and a conflict of interest that has emerged. The agency alliance said that SouFun raised its listing prices 10 times in the past five years. Agencies are becoming mo
Open kitchen trend spreads to brand new 3 bedroom apartments
20 August 2014 - Open kitchen layouts have been applied to renovated studios and one bedroom apartments for some time now. Facing ever rising home prices, Hong Kong developers have begun to inject the open kitchen concept into brand new 3 bedroom units. To make apartments look much spacious, open kitchens are to be featured in 3 bedroom units at '
House 12 at “Twelve Peaks” sells for HK$ 412 million
16 August 2014 - According to the Sales of First-hand Residential Properties Electronic Platform, House 12 at “Twelve Peaks” sized at 3,771 sq. ft. (saleable), was sold fully furnished for HK$412 million on Friday, equivalent to HK$109,424 per sq. ft.. It marks the third most expensive house transacted in Hong Kong in terms of price per sq. ft..
Two sites in Tuen Mun receive 51 tenders
16 August 2014 - The Lands Department announced a total of 51 tenders were received for two parcels of land in Tuen Mun on Friday (15 August). 27 bids were submitted for the site at Yan Ching Street, marking the most intense bidding for government land sold within the last three years. Bidding companies included Henderson Land (0012) and Sino Land
Swire Chief believes possible interest rate hike would not hugely impact property prices
15 August 2014 - Swire Properties (1972) yesterday announced its interim results for 2014. First-half underlying profit rose 34 percent to HK$3.78 billion from a year earlier, beating analysts' estimates, on higher rental income and higher home sales. Gross rental income from its offices rose 6.5% to HK$2.79 billion and earnings from home sales mo
Asian property buyers flock to Hawaii
13 August 2014 - With its multicultural community, Hawaii continues to attract considerable interest of wealthy Asian, and particularly Chinese, property buyers due to long-standing connections with the continent, its location, amenities and recent direct flights from both China and Taiwan. Chinese buyers tend to be most attracted to the eastern
Chan Ka-keung: Government will take action should property speculation recur
13 August 2014 - Commenting on the Hong Kong property market's recent increase in transactions, the Secretary for Financial Services and the Treasury, Ceajer Chan Ka-keung, yesterday expressed in a media luncheon that the risk of correction in the property market is much more obvious than 2 years ago. The Government will closely monitor the status
Bloomberg Interview on Micro-Apartments in Hong Kong
13 August 2014 - I was honored to be invited by esteemed Bloomberg journalist Angie Lau to discuss the recent “trend” of micro-apartments in Hong Kong that have received significant press attention. Cheung Kong has recently launched the sales of Mont Vert, a new development of micro-sized apartments, which includes studios ranging from 177-196 sqf
Clearwater Bay village homes of 1,400 - 2,100 sq. ft. Given there is a limited supply of village homes in CWB should I buy now or should I wait 12 months? Are CWB village homes on a different supply / demand curve than traditional HK apartments? My view is expats are moving from HK Island to CWB for
By: Soi M Schmeelke-Puan
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