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.
“The Avenue” penthouse units with pools ask for over HKD52,000 per sq.ft.
5 September 2014 - Sino Land (0083) yesterday released the price list of the last 68 units of The Avenue - Phase 2 in Wan Chai.. Two penthouse units with pools are asking for approx. HKD52,000 per sq.ft, marking two of the most expensive properties in the district. For the 68 newly launched apartments at The Avenue - Phase 2. Flat A on the 48th fl
Licensed agents increase to 35,600 in August
5 September 2014 - The Estate Agents Authority yesterday announced that the total number of licensed agents has risen 4 months consecutively, increasing to a total of 35,595 agents as of the end of August. The figure includes approx. 16,700 individuals with Salesperson Licenses and 18,900 with Estate Agent Licenses. The Hong Kong property market h
Mainland developer purchases 48 Caine Road
4 September 2014 - Yuzhou Properties (1628) announced that the company purchased a residential property located at 48 Caine Road for a consideration of HKD374 million. The company intends to redevelop the property into a 27-storey luxury residential project. The CFO Chiu Yu Kang said the construction and interest cost of the project is expected to
First batch of 30 flats at “Kensington Hill” start at HKD9.84million
4 September 2014 - Wheelock Properties (0020) yesterday announced that asking prices for its first batch of 30 units of “Kensington Hill” at 98 High Street in Sai Ying Pun will be put on the market at an average price of HKD23,572 /sq. ft. (saleable). The units available for sale include 10 two bedroom and 20 three bedroom apartments sized between
High property prices will not continue and there is no need for additional cooling measures
4 September 2014 - [Translated from HKET] As property prices are on the rise, the market is concerned about whether the government will impose additional cooling measures. Joshua Miller, CEO of OKAY.com, thinks that the government does not need to impose additional measures, since existing transaction volumes are low, and property prices would not
Professional qualification for property agents is cancelled in China
3 September 2014 - To simplify the excessive number of vocational qualifications, the State Council of China decided to cancel types of professional qualifications for 11 industries. The professional qualification for real estate agents has been placed at the top of the to-be-cancelled list. Market insiders said that the new regulation will reduce
Sino Land and Chinese Estates win mega Kwun Tong Redevelopment Project
2 September 2014 - Following the failure of the first tender in July, the Urban Renewal Authority yesterday announced that Sino Land (0083) and Chinese Estates (0127) have won the mega Kwun Tong Redevelopment Project. Sources say that the land price of the project is less than the targeted HKD7 billion. The 5.25-hectare town center site, as lar
18 developers submit bids for Tsim Sha Tsui site
30 August 2014 - With a limited supply of commercial sites in core business districts, the site at 15 Middle Road (Tsim Sha Tsui) attracted the bidding interest of numerour developers. The Lands Department confirmed that the authority received 18 bids for the commercial site as of its tender closing day yesterday. Located in the heart of Tsim Sha
OKAY.com Receives Red Herring Top 100 Asia award
29 August 2014 - OKAY.com has been recognized by the prestigious Red Herring media company as one of the leading private ventures in Asia using technology to advance its industry. Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors have been among the fir
Show flat at 'Opus Hong Kong' sells for HKD451M
28 August 2014 - Swire Properties (1972) announced that the fully furnished show flat apartment on the 10th floor of 'Opus Hong Kong' at Stubbs Road sold for HKD451.3 million yesterday with an existing tenancy agreement and 2 car parking spaces. The apartment is one of several units in the project put up for tender earlier this year. Its transacte
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