Insights
Tag: hong kong sale
35 South Bay Road sold for HKD808 million
27 September 2014 - Land Registry data indicates that 35 South Bay Road in South Bay, owned by former Legislative Council member Ho Sai-chu’s family was recently sold for HKD808 million. This marks Hong Kong’s largest single house deal across the past three years. Its price per square foot of HKD110,800 is a Southside record high and also the thir
First batch of “The Pavilia Hill” to launch at average of HKD23,159 per sq. ft.
26 September 2014 - Developers appear to have recently sped up sale arrangements for their luxury residential developments. After uploading of the e-brochure earlier this week, New World Development (0017) unexpectedly announced the price of the first batch of units at “The Pavilia Hill” in North Point yesterday. The price list puts the average pr
First batch of units at “Arezzo” sold within 3 hours
24 September 2014 - Swire Properties (1972) sold out the first batch of 50 units at its Mid-Levels West development “Arezzo” within 3 hours yesterday, generating a total revenue of HK$1.23 billion. Real estate agents said that about 60% of buyers were investors, the rest were upgraders, mostly residents of Hong Kong Island looking to sell their cu
“The Pavilia Hill” in North Point is set to launch shortly
23 September 2014 - New World Development (0017) yesterday uploaded the e-brochure of its brand new project “The Pavilia Hill” in North Point. The project is set to launch very soon, with market insiders indicating that the developer will open its show flats for viewing by real estate agents this Thursday (25 September). These are expected to incl
Detached house in Tao Po Kau sells for HKD480 million
19 September 2014 - The super luxury residential market has become more active. According to the Land Registry, a detached house along Tai Po Kau Road No. 4781 recently sold for HKD480 million (HKD29,000 per sq. ft.). This marks a new record high for a single house in the New Territories. The site of the property is about 61,742 sq. ft. and the d
'Arezzo' in Mid-Levels West is set to launch next weekend
17 September 2014 - Swire Properties' (1972) 'Arezzo', located at 33 Seymour Road in Mid-Levels West, is set to launch next weekend. The developer released the price list for its first batch of 50 units yesterday. The apartments are sized between 911 to 976 sq. ft.(saleable) and prices are set to range from HKD22.28 million to HKD29.58 million (HK
High floor unit at 'The Somerset' sold for HKD116 million
12 September 2014 - A new transaction was recently compleed in well-known luxury building “The Somerset” in Repulse Bay. Sing Tao Daily reported that a flat C on a high floor of “The Somerset” sized at 2,463 sq. ft. (saleable) was sold for HKD116 million together with one car parking space. The transaction achieved a total of HKD47,097 per square
'Kadoorie Lookout' re-launches with 5 percent price increase
11 September 2014 - Units at 'Kadoorie Lookout' in Ho Man Tin were put on sale again yesterday. Developer Tai Hung Fai Enterprise disclosed the price list for its first batch of 30 re-launched units, raising prices by an average of 5%. Units are sized between 529 to 960 sq. ft.(net) with asking prices of HKD10.728 million to HKD26.12 million (HKD2
Tai Wai Station Project set to be retendered
11 September 2014 - The MTR Corporation (0066) yesterday announced its intention to retender the mega Tai Wai Station Project. Market expectations forecast that the land premium will be slashed by 30% to around HKD8.11 billion (below HKD3,000 /sq.ft (gross floor area)). Many developers including Cheung Kong Holdings (0001) and Sun Hung Kai Propert
Home prices and rents continue to soar in July
6 September 2014 - Home prices continue to rise, hitting another record high. The Rating and Valuation Department (RVD) yesterday released its private domestic report for July, showing that the home price index of all classes increased 2.2% month-on-month to 255.6. This constitutes increases across the last four months, with a new high being set f
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