Post Tagged with: "Hong Kong housing"

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land said late Thursday that it would revise commission fees at its Grand Central project in Kwun Tong to 2 per cent starting from January, offering a partial concession to property agents angered by the developer?s decision to slash the fee last week. Management from Centaline Property Agency held […]

Correction in Hong Kong?s property market gathers speed as prices fall 3.5 per cent in November

Correction in Hong Kong?s property market gathers speed as prices fall 3.5 per cent in November

Prices of lived-in homes in Hong Kong saw the sharpest decline in a single month in November since the global financial crisis in 2008. The monthly home price index, which represents movements in the secondary property market, fell 3.5 per cent to 366.3 in November, compared to the 2.56 per […]

Hong Kong homebuyers beware: wait for better deals in second half of 2019

Hong Kong homebuyers beware: wait for better deals in second half of 2019

Buyer?s tip: wait until the second half of the new year before purchasing a home in Hong Kong. While prices have already begun to slide in the world?s least affordable housing market, experts say a mix of events in the first six months of 2019 will weigh down prices further. […]

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Land scarcity is a major threat to Hong Kong?s booming data centre industry and its status as a regional hub, according to Sunevision Holdings, the technology arm of Sun Hung Kai Properties. The city?s data centre market is projected to increase from US$705.5 million in 2016 to US$1.5 billion in […]

Government fails to reach land supply target, as only 13,850 flats to be created, official says

Government fails to reach land supply target, as only 13,850 flats to be created, official says

Hong Kong?s private housing land supply has failed to meet the government?s 2018 to 2019 target, even as the number of private homes supplied by the tenders is at a high level, according to a senior government official on Friday. ?The housing market is going through correction, but we will […]

Hong Kong sells third housing plot on disused airport runway at 12.7 per cent discount, in another sign of property market woes

Hong Kong sells third housing plot on disused airport runway at 12.7 per cent discount, in another sign of property market woes

Hong Kong?s government, which relies on land sales for a substantial part of its revenue, has sold its final residential plot for the year at a 12.7 per cent discount to market valuation, in a further sign of the city?s cooling property market. Kai Tak Area 4B Site 2, the […]

Sino Land makes quick work of 336 flats at its Grand Central residential project in Kwun Tong

Sino Land makes quick work of 336 flats at its Grand Central residential project in Kwun Tong

Sino Land?s Grand Central residential project in Kwun Tong, East Kowloon, saw another round of buying frenzy on Sunday, as 336 of the 338 units on offer were snapped up by eager investors. According to the developer, 3,300 people had registered for the sale. ?Although two of the units were […]

Fewer developers submit bids for Kai Tak runway plot even as valuation is slashed to January 2017 levels

Fewer developers submit bids for Kai Tak runway plot even as valuation is slashed to January 2017 levels

The third residential parcel on Kai Tak?s runway missed market expectations as fewer than expected developers submitted tenders, while one surveyor slashed its valuation of the plot to January 2017 levels because of downbeat sentiment, lack of full sea view and retail component. The 97,393 square feet plot on the […]

Falling land values indicate developers are pessimistic about Hong Kong property sector?s outlook

Falling land values indicate developers are pessimistic about Hong Kong property sector?s outlook

Hong Kong?s property sector is a bit downbeat these days. Buyers certainly aren?t willing to pay high prices and developers have reined in their land acquisitions after shelling out record sums earlier in the year. And there is good reason for that. There is no end in sight to the […]

Intrepid 98-year-old woman buys US$1.9 million flat as Sino Land?s discounted Grand Central project is a sell-out

Intrepid 98-year-old woman buys US$1.9 million flat as Sino Land?s discounted Grand Central project is a sell-out

A 98-year-old woman has paid HK$15 million (US$1.9 million) for a four-bedroom flat in Sino Land?s Grand Central project in Kwun Tong, with the builder?s low-pricing strategy working once again. She was among the 5,000 potential buyers who had flocked to the builder?s sales centre at Empire Centre in Tsim […]