Insights
Tag: hong kong sale
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$5,307 per square foot which was 18% higher than the predicted market estimate. In addition, the Lok Chui
House 12 at “Twelve Peaks” sells for HK$ 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..
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
'3 Ede Road' in Kowloon Tong to launch first batch of 30 units
14 August 2014 - Kerry Properties (0683) yesterday announced the price list of the first batch of 30 units for '3 Ede Road' in Kowloon Tong, with listed prices ranging from HK$53.12 million to HK$ 76.59 million, equivalent to HK$ 34,400 to HK$ 45,800 per squarefoot. The price level is 30% to 40% higher than secondary market luxury developments wit
Property Investment Strategy: Peter Churchouse's 10 Key Rules
Peter Churchouse is the founder of Portwood Capital, a leading real estate investment company. With more than three decades of experience in real estate investment and research he is widely considered one of the world’s foremost authorities on Asian real estate markets. He is also author of The Churchouse Letter, his financial newsletter which pro
An Overview of Special Stamp Duty, Buyer's Stamp Duty and Ad Valorem Stamp Duty - OKAY.com
• Introduction • Government Objectives • Perception • Summary • Rates1. IntroductionThe Government of the Hong Kong SAR has recently introduced a number of amendments to the stamp duty regime in Hong Kong with the intention of cooling an over-heated property market. Implementing legislation for Special Stamp Dut
Conveyancing, Mortgages And Property Insurance In Hong Kong
1. Conveyancing Procedures1.1 TitleIn order to establish title to a property, it is necessary to check all title documents affecting it. There are many issues of varying materiality that are a common cause of questions and delays and which can affect a property’s liquidity. Title insurance is available in Hong Kong and provides protection agains
A Guide to Hong Kong's Real Estate System and Property Tax
1. Land Holdings and Registration Systems1.1 Land holdingsAll land in Hong Kong is owned by the People’s Republic of China as State property and is managed by the Government of the Hong Kong Special Administrative Region (Government) under the Basic Law of Hong Kong.Land identified as suitable for private development is sold by the Government thro
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