Insights
Tag: hong kong property
Free rental: 1,050 sq. ft. unit on Lantau Island
23 August 2014 - A recent property advertisement featured a 1,050 sq. ft. two bedroom apartment at “The Sea Ranch” in Lantau being rented out for free, with monthly rental payments being waived for a year. The remotely located property has been found to be in serious disrepair and the owner is willing to charge the tenant a mere HK$2,750 in monthl
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$5,307 per square foot which was 18% higher than the predicted market estimate. In addition, the Lok Chui
Open kitchen trend spreads to brand new 3 bedroom apartments
20 August 2014 - Open kitchen layouts have been applied to renovated studios and one bedroom apartments for some time now. Facing ever rising home prices, Hong Kong developers have begun to inject the open kitchen concept into brand new 3 bedroom units. To make apartments look much spacious, open kitchens are to be featured in 3 bedroom units at '
OKAY.com featured in Oriental Daily News and The Sun as a Platform for Entrepreneurship
CEO Joshua Miller discusses how he left investment banking to pursue life as an entrepreneur, and how OKAY.com is creating a platform for real estate professionals to be entrepreneurs, not employees. “[The] entrepreneurial spirit is very much embodied in the OKAY.com brand, with agents themselves being able to effectively drive their own businesse
House 12 at “Twelve Peaks” sells for HK$ 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
Homeowners may face lawsuit over death of pregnant woman killed by tree
August 15 2014 - An Indian rubber tree came crashing down on a 37-year-old pregnant woman when she walked along Robinson Road yesterday. The accident occurred outside 'Palm Court', located at 55 Robinson Road, Mid-Levels. Her baby boy was delivered prematurely by cesarean section in Queen Mary Hospital after she passed away from her injuries. He r
Billion Development wins Tsuen Wan site for HK$3.94 billion
14 August 2014 - Billion Development outbid property giants including Cheung Kong Holdings (0001) and Henderson Land (0012) and won the commercial-cum-residential site with a gross floor area of 1.07 million square feet in Yeung Uk Road, Tsuen Wan, for HK$3.94 billion. The price obtained was lower than market estimates. In addition, Wang On Group
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