Insights
Tag: hong kong property
Licensed agents increase to 35,600 in August
5 September 2014 - The Estate Agents Authority yesterday announced that the total number of licensed agents has risen 4 months consecutively, increasing to a total of 35,595 agents as of the end of August. The figure includes approx. 16,700 individuals with Salesperson Licenses and 18,900 with Estate Agent Licenses. The Hong Kong property market h
Mainland developer purchases 48 Caine Road
4 September 2014 - Yuzhou Properties (1628) announced that the company purchased a residential property located at 48 Caine Road for a consideration of HKD374 million. The company intends to redevelop the property into a 27-storey luxury residential project. The CFO Chiu Yu Kang said the construction and interest cost of the project is expected to
High property prices will not continue and there is no need for additional cooling measures
4 September 2014 - [Translated from HKET] As property prices are on the rise, the market is concerned about whether the government will impose additional cooling measures. Joshua Miller, CEO of OKAY.com, thinks that the government does not need to impose additional measures, since existing transaction volumes are low, and property prices would not
Sino Land and Chinese Estates win mega Kwun Tong Redevelopment Project
2 September 2014 - Following the failure of the first tender in July, the Urban Renewal Authority yesterday announced that Sino Land (0083) and Chinese Estates (0127) have won the mega Kwun Tong Redevelopment Project. Sources say that the land price of the project is less than the targeted HKD7 billion. The 5.25-hectare town center site, as lar
18 developers submit bids for Tsim Sha Tsui site
30 August 2014 - With a limited supply of commercial sites in core business districts, the site at 15 Middle Road (Tsim Sha Tsui) attracted the bidding interest of numerour developers. The Lands Department confirmed that the authority received 18 bids for the commercial site as of its tender closing day yesterday. Located in the heart of Tsim Sha
OKAY.com Receives Red Herring Top 100 Asia award
29 August 2014 - OKAY.com has been recognized by the prestigious Red Herring media company as one of the leading private ventures in Asia using technology to advance its industry. Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors have been among the fir
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
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