Insights
Tag: hong kong sale
Chan Ka-keung: Government will take action should property speculation recur
13 August 2014 - Commenting on the Hong Kong property market's recent increase in transactions, the Secretary for Financial Services and the Treasury, Ceajer Chan Ka-keung, yesterday expressed in a media luncheon that the risk of correction in the property market is much more obvious than 2 years ago. The Government will closely monitor the status
Bloomberg Interview on Micro-Apartments in Hong Kong
13 August 2014 - I was honored to be invited by esteemed Bloomberg journalist Angie Lau to discuss the recent “trend” of micro-apartments in Hong Kong that have received significant press attention. Cheung Kong has recently launched the sales of Mont Vert, a new development of micro-sized apartments, which includes studios ranging from 177-196 sqf
Average home prices in Hong Kong hit another record
8 August 2014 - Hong Kong's average home prices rose for a third consecutive month and hit a record high again in June. The Rating and Valuation Department yesterday announced that the monthly price index of private housing climbed 2.6 percentage points from the previous record, set in May, to 249.8. Small and medium-sized units saw the sharpest u
World's Most Expensive Home for Sale on the Peak
7 August 2014 - After withdrawing two houses put on tender last month due to bids not meeting target prices, Sun Hung Kai Properties (0016) yesterday released the price list of the 12 houses at 'Twelve Peaks' at 12 Mount Kellett Road on the Peak, with an average asking price of HK$127,000 per sq. ft. (net). House 1 sized at 4,661 sq. ft. (net) wit
Property transaction records reach 17-month high
5 August 2014 - The Land Registry yesterday released statistics indicating that 9,400 sale and purchase agreements were received for all building units in July. The figure marks a 17-month record high. Of the total S&P agreements submitted, 7,792 were for residential units, marking an increase of 30.7% on June and 95.5% on July last year. Turnove
Li Ka-shing sees sustained low interest rate environment
1 August 2014 - Cheung Kong Holdings (0001) announced its interim report this week which saw its net profit soar 59 percent in the first six months of the year to HK$21.35 billion from a year ago, beating market expectations. Cheung Kong Group Chairman Li Ka-shing said in the report that buyer sentiment had recently improved, and construction cost
339 Tai Hang Road to launch next Wednesday
31 July 2014 - The price list and details of sales arrangements for Lai Sun Development's (0488) “339 Tai Hang Road” in Happy Valley were released yesterday. The development is comprised of 9 luxury residential units, with prices starting from HK$58.5 million to HK$371.5 million. Buyers who choose the “Immediate Mortgage Payment” package will enj
Kwun Tong redevelopment project fails to attract takers
30 July 2014 - The mega Kwun Tong redevelopment project, Kung Tong Town Centre Project (Development Areas 2 & 3), requiring investment of up to HK$18 billion, has failed to attract any takers, the first time the Urban Renewal Authority (URA) has faced such a tender failure. The Authority yesterday said that all tenders had failed to meet the HK$8
Cheung Kong sales revenue crosses HK$20 billion aided by Mont Vert launch
28 July 2014 - 433 units at Cheung Kong's “Mont Vert (Phase 1)” development in Tai Po were quickly sold during the first two days of its launch, cashing in over HK$2.6 billion. Adding to other developments sold earlier this year, Cheung Kong has already received over HK$17.6 billion in year-to-date residential sales. This compares very favourably
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