Property News & Insights
Explore OKAY.com’s latest property news and trends across the Hong Kong, China and Global property markets. With expert commentary and opinion, we keep you up to date on property happenings both near and far.
3 units of “Opus Hong Kong” on the Peak to launch for sale by tender
1 November 2014 - Swire Properties (1972) yesterday announced it will put three luxury units at the “Opus Hong Kong” on the market for tender. The property is located at 53 Stubbs Road on the Peak. The three units include a 5,146 sq. ft. (saleable) unit on the second floor with a reference price of HK$400 million (HK$ 77,700 per sq. ft.). The deve
International Real Estate Expert Martina Ebert joins OKAY.com
HONG KONG, 30 October 2014 OKAY.com is pleased to welcome international real estate expert Martina Ebert, who joins the team as an Associate Director – Residential Division. Martina brings a decade of real estate experience, spanning markets across Hong Kong, Thailand, Macau, and her native Germany. An established industry leader in the sales and
Hopewell buys 1 & 3 Swatow Street in Wan Chai
30 October 2014 - Hopewell Holdings (0054) continues its keen investment in Wan Chai. After applying for compulsory sale of a batch of old buildings at 161 to 167 Queen Road East and buying a mini residential plot at Schooner Street for HK$238 million earlier this year, Hopewell recently purchased 1 & 3 Swatow Street within the district. Accordin
“Homantin Hillside” to launch in November
29 October 2014 - Wing Tai Properties (0369) have stated that they may unveil their premium development “Homantin Hillside” in Hung Hom in November and will upload the e-brochure online shortly. "With a better location, prices per square foot should be higher than similar projects atop the Kowloon MTR station, close to upscale properties in Kowloo
Residential mortgage loans in negative equity decrease to a single case
28 October 2014 - The Hong Kong Monetary Authority yesterday announced the results of its latest analysis on residential mortgage loans (RMLs) in negative equity. The report shows that the estimated number of RMLs in negative equity decreased to 1 case at the end of September 2014 from 30 cases at the end of June 2014. In addition, the report sai
House at “Shouson Peak” sells for HK$73,536 per sq. ft.
27 October 2014 - Sun Hung Kai Properties (0016) launched two houses in its new luxury residential development “Shouson Peak” in Shouson Hill over the weekend. One unit was sold as soon as it was put up for sale. The transacted unit is house 19C with a saleable area of 3,238 sq. ft.. The buyer paid HK$2.38 billion (HK$73,536 /sq. ft.) after discou
Shimao Property buys Tung Chung hotel plot for HK$1.83 billion
24 October 2014 - Mainland developer Shimao Property (0813) partnered with another mainland developer, Mingfa Group, to outbid five others and acquire a Tung Chung hotel plot for HK$1.83 billion, meeting estimates. The price for the 138,877 square foot site translates to nearly HK$2,998 per square foot based on gross floor area. Shimao Property is
Sino Land has no hesitations on investing in Hong Kong
23 October 2014 - Occupy Central has now run into its fourth week yet Sino Land (0083) Chairman Robert Ng Chee Siong is not worried that the pro-democracy protests will destroy the rule of law in Hong Kong as he thinks the protests will not last forever. He therefore has "no hesitations" continuing to invest in Hong Kong. Sino Land won the bid
Low density Tai Wai plot to be tendered in November
21 October 2014 - The government is putting more land on the market. The Lands Department yesterday announced that a low-density residential site on Tai Po Road in Tai Wai spanning 70,504 square feet, with a gross floor area of 88,835 to 148,058 sq. ft., will be made available for tender in November. Tenders can be submitted from 14 November 2014
Penthouse at "The Arch" takes over title as Asia's most expensive luxury apartment
20 October 2014 - A penthouse unit at The Arch in Kowloon Station was recently transacted for HKD528.8 million (86,348 per sq. ft.), making it the most expensive luxury apartment in Asia. It beats the record set by “Opus Hong Kong” in Mid-Levels East earlier this year. The transacted duplex at the top of Sky Tower, features a private rooftop with
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