Insights
Tag: hong kong property
OKAY.com featured in the SCMP
09 June 2014 - The SCMP today reported on OKAY.com and how our innovative business model is succeeding in a challenging Hong Kong property market. The article describes some of the key differences in OKAY.com's platform for real estate agents, and how we're using technology to give our agents more tools to serve clients, provide higher rewards t
Guide for Renting an Apartment in Hong Kong
Searching for properties can be challenging in Hong Kong. With a few exceptions, all land in Hong Kong is owned by the government. Given the size of Hong Kong’s 7 million population and limited land allowed for development, property prices are often shocking to newcomers. The average family dwelling is a 400 square-feet small apartment and approx
Importing A Pet to Hong Kong
The family cat or dog (except for certain fighting breeds) is welcome to come along as long as government requirements are followed. A minimum quarantine of four months may be imposed, depending on the country of origin. Group I is normally exempted from quarantine. Group II may be exempted if all conditions and requirements are met. Group II
What To Prepare Before Moving to Hong Kong
The following is a general checklist of things to do or bring for your move overseas:· Make certain your current passport has at least 3 years validity· Make sure your drivers license is valid or renew it if it is due to expire soon· Bring universally accepted credit cards· Arrange to bring some cash (or make certain your bank has international A
Pockets of Demand are Changing Some Property Analysts’ Views
5 June 2014 - The Hong Kong property market is not all “doom and gloom”. Recent sales of smaller units have shown only marginal price decreases, and in some cases price increases to new highs. These have surprised many property analysts particularly those that have been forecasting sales price declines of 15-30% over the last year across all ma
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
Looking at the Hong Kong Property Market like a Stock Market
30 May 2014 - Nobody can dispute that we are in a very quiet property market. The preliminary figures released by the Rating and Valuation Dept for 2014 (available up to March as of the writing of this article) indicate roughly 3,600 residential sales per month this year – that’s roughly 50% less than the average of the last 10 years (2004-2013)
Cheung Kong’s City Point Development in Tsuen Wan sees 1-day sellout
28 May 2014 - The SCMP today reported that Cheung Kong sold all 591 units offered as part of its first batch of sales of the City Point Development in Tsuen Wan yesterday. Cheung Kong said that the project, with 1,717 units in total, should launch the second batch of sales – 354 units – later this week.The first batch was announced in conjunction
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