Luxury Real Estate Blog and News

Lung Cheung Road luxury residential plot sold at HKD 21,000 psf

October 17, 2016 - Kowloon Tong
The Land Department announced that the New Kowloon Inland Lot No. 6533 at Lung Cheung Road, Beacon Hill, has been awarded to Kerry Properties Limited at a premium of $7.2688 billion.

High-floor 2-room unit in Park Island sold at HKD 6 million

October 14, 2016 - Ma Wan
A high-floor 2-room unit with sea view at Tower 6, Park Island, was sold recently at HKD 6 million, or HKD 10,187 per sq ft.

3-room unit in Greenery Place sold with 55% gain

October 12, 2016 - Yuen Long
A low-floor 3-room unit (saleable area: 598 sq ft) at tower 2, Greenery Place, Yuen Long, has been sold at HKD 4.7 million, or HKD 7,860 per sq ft.

Hong Kong’s luxury market will fall, but how much?

October 11, 2016 - Hong Kong Island
Luxury property values in Hong Kong will continue its decline for the rest of the year, but it won’t be a precipitous drop, property consultants maintain.

3-room unit of Metro Harbour View leased for HKD 17,500

October 08, 2016 - Tai Kok Tsui
Flat C, High-Floor, Tower 5, Metro Harbour View in Tai Kok Tsui, with 3 rooms and a saleable area of 519 sq ft, has been leased for HKD 17,500 per month, or HKD34 per sq ft.

Valuation of Cheung Sha Wan commercial plot over HKD 5 billion

October 06, 2016 - Cheung Sha Wan
The Secretary for Development, Mr Paul Chan Mo-po, said that a commercial site at King Lam Street, Cheung Sha Wan, with a maximum GFA of 998,400 sq ft, will be tendered in the 3rd quarter.

Kingswood Villas 3-room unit sold at near 2015 high-price

October 05, 2016 - Tin Shui Wai
Another unit of Kingswood Villas in Tin Shui Wai has been sold for more than HKD 5 million.

Cost of land to build prime homes in Asia still rising

October 05, 2016 - China
Prices of residential sites in Asia increased by 1.9% in the first half of 2016, down from 2.8% in the preceding six months.

Rent slashed 25% for shopping mall in the Peninsula

October 04, 2016 - Tsim Sha Tsui
The giant shop at the shopping mall in the Peninsula, currently rented by Prada, has been divided into 4 smaller units for lease recently.

CKP sells street shops in Yuccie Square for HKD 620m

October 03, 2016 - Yuen Long
Cheung Kong Property has recently sold several street shops in Yuccie Square, with a total GFA of 20,000 sq ft, for HKD 620 million, or HKD 31,000 per sq ft, to a local investor.