primary residential market

New homes price-cuts capture Hong Kong buyers

Pending second-hand homes market is sluggish. Totally 482 transactions of first-hand residential property were recorded over the last weekend in Hong Kong. Offering tax rebate, mortgage plan and sub-secondary-market-levels pricing to buyers, CK Property (01113.HK) sold 450 of 560 units of… Continue Reading →

Price tag of HK new flats are close to 2nd-hand

Growing supply of new home flats suppresses the sale of secondary home market. Wheelock (0020.HK) priced its new residential project Capri, located in Tseung Kwan O, about 20 per cent below other launches of housing project located in the same district… Continue Reading →

CK Property won a seafront site residential project

The MTR Corp awarded the tender of the last seafront site at the 8th phase of Lohas Park to CK Properties for HK$2.96b. The MTR Corp (0066.HK) invited HK developers to submit the expressions of interest for a waterfront site at the 8th phase of Lohas… Continue Reading →

Launch of new homes to meet demand

Sun Hung Kai Properties launched the last batch of Century Link II, proof of good performance in primary property market. Sun Hung Kai Properties (0016.HK)’s Century Link II, 2nd phrase of Century Link in Tung Chung, sold out a total of 148 units on 18 September. The… Continue Reading →

Hot demand of HK small home flats

More 106 units of Upper East, a project of mini flats in Hung Hom by Kowloon Development, will be launched next week. The recent surge in local home prices would ease due to the prevailing bleak economic outlook. But for the time being,… Continue Reading →

328 new home flats were sold in 10 hours

Sun Hung Kai ‘s Century Link II project received over 6,000 cashier’s checks, 18 times over-subscription. On 3 September, Sun Hung Kai Properties (0016.HK)’s Century Link II, 2nd phrase of Century Link in Tung Chung, sold out all 328 units of its first batch… Continue Reading →

MTR Corp invited developers for new resident project

The 8th phase Lohas Park is open for bid. Hong Kong developers are invited by The MTR Corp (0066.HK) to submit their expressions of interest in 8th phase of Lohas Park at Tseung Kwan O until 26 August. Sun Hung Kai Properties (00016.HK) and Henderson Land (0012.HK) were… Continue Reading →

More HK primary homes will launch in August

HK developers continue to push out more primary flats despite HK second-hand home property is slowing down. Sun Hung Kai Properties (0016.HK) is launching 932 units at Century Link II, the 2nd phrase of Century Link in Tung Chung, by August. The phase… Continue Reading →

Sun Hung Kai won a residential redevelopment project in HK

Urban Renewal Authority awarded the tender to Sun Hung Kai Properties, outbidding 19 developers including CK Properties and Sino Land. On 28 July, Urban Renewal Authority (URA) awarded the tender for a redevelopment residential site in Ma Tau Kok to Sun Hung… Continue Reading →

347 new home were sold within 12 hours

99% of 350 units were sold in Heya Crystal, residential redevelopment project of Hong Kong Housing Society. On 25 July, all 350 units of  Hong Kong Housing Society (HKHS)‘s private property project “Heya Crystal” at Cheung Sha Wan were launched and 347 units were sold… Continue Reading →

HK second-hand home property is slowing down

Hong Kong primary residential market are more attractive. Lately the price of primary residential market almost similar with the secondary-market flats, most of the home buyers prefer primary residential home to the secondary, the number of transaction in local second-hand property market… Continue Reading →

HK developers gained from hot market of new homes

Sino Land and K Wah International gained HK$ 3.3B from selling 384 units at join-project Corinthia By The Sea. US Federal Reserve will keep interest rate low, so it pushed the sale of new home in Hong Kong. Sino Land (0083.HK) and… Continue Reading →

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