Insights
Tag: market trends
Residential mortgage loans in negative equity decrease to a single case
28 October 2014 - The Hong Kong Monetary Authority yesterday announced the results of its latest analysis on residential mortgage loans (RMLs) in negative equity. The report shows that the estimated number of RMLs in negative equity decreased to 1 case at the end of September 2014 from 30 cases at the end of June 2014. In addition, the report sai
Shimao Property buys Tung Chung hotel plot for HK$1.83 billion
24 October 2014 - Mainland developer Shimao Property (0813) partnered with another mainland developer, Mingfa Group, to outbid five others and acquire a Tung Chung hotel plot for HK$1.83 billion, meeting estimates. The price for the 138,877 square foot site translates to nearly HK$2,998 per square foot based on gross floor area. Shimao Property is
Sino Land has no hesitations on investing in Hong Kong
23 October 2014 - Occupy Central has now run into its fourth week yet Sino Land (0083) Chairman Robert Ng Chee Siong is not worried that the pro-democracy protests will destroy the rule of law in Hong Kong as he thinks the protests will not last forever. He therefore has "no hesitations" continuing to invest in Hong Kong. Sino Land won the bid
Sai Kung village house sells for record HKD130M
17 October 2014 - A single number village house on the waterfront of Sheung Sze Wan in Sai Kung was recently sold for HKD130 million. The transaction price per square foot amounted to HK$61,905, breaking the record for both transaction price and price per square foot in Hong Kong’s village house market. The nicely renovated house is sized at 2,100
Li Ka-shing urges protesters to go home
16 October 2014 - Li Ka-shing, Asia's richest man and chairman of property developer Cheung Kong (0001) yesterday released a public statement commenting on Occupy Central for the first time. Li called on young people to abandon their Occupy Central campaign and go back to their families. Li expressed that he does not want to see a stand still in H
Local home prices rise five straight months, reaching record high
8 October 2014 - The Rating and Valuation Department released its latest data report yesterday. The Private Domestic Price Index was showed to have hit 260.8, up nearly 1.9% from July when a 2.3% gain was recorded. Local home prices have risen for five straight months, reaching a new record high. In addition, the data also showed the local residen
“8 LaSalle” units asking for HKD23,196 per sq. ft., well above secondary market
7 October 2014 - Kerry Properties (0683) yesterday announced the price list of its luxury residential project “8 LaSalle” in Ho Man Tin. The first batch of 30 units, located between the second and fifteenth floors of the property, include 3 special units with flat roofs. The developer also announced the sale arrangements for the property last nigh
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
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
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
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