Insights
Tag: first hand property
New mortgages hit 18-month high
28 June 2014 - The secondary residential market turned active in May upon the easing of recent government measures. The new monthly mortgage loans drawn rose by 17.7% to 5,494 cases, involving a total amount of HKD22.749 billion. The industry believes that brand new properties will become the focus of the mortgage market in June, and expect the
Donald Cheung from Emperor International predicts residential prices to decline
20 June 2014 - With a limited number of new developments launched last year, Emperor International announced its net profit for the year ended 31 March 2014 decreased 69% y-o-y. Donald Cheung, Executive Director of Emperor International, said, “The group will launch its 42-storey sea view luxury project in Connaught Road West, Sai Ying Pun, in th
Low price strategy used to attract buyers in brand new luxury developments
17 June 2014 - With a significant increase in the completion of residential projects, and hence supply in the next few years, many developers are keen on using a low price strategy to attract buyers. Ming Pao reported that two brand new luxury residential developments, “Grand Austin” in Southwest Kowloon and “Mayfair by the Sea I & II” in Tai Po
“The Seafront” house sold for record high of HKD55,889 per sq.ft
16 June 2014 - Many brand new residential developments were launched over the weekend with attractive stamp duty cash rebate packages on offer in time for Father’s Day. Ming Pao reported that 437 first hand residential units were sold during the weekend, including Sun Hung Kai Properties’ new project at “The Seafront” in Tsuen Wan West which sold
Demand for small flats surprises, driving prices higher
3 June 2014 - Recent sales of smaller second-hand units has increased despite the signs of decline in the luxury market. One example is last week’s sale of a 355 sqft unit in Serenity Park in Tai Po, which sold for $3.55 million, breaking the previous record price of $3.4 million for a similar unit sold earlier this year. The SCMP reported that
OKAY.COM App
Let's Connect
Signup to receive the latest properties
15/F, Wilson House, 19-27 Wyndham St., Central, Hong Kong
+852 2102 0888
© 2024 Okay Property Agency LimitedEAA License Number C-036846All Rights Reserved