Luxury Real Estate Blog and News

7 transactions in 10 major estates over weekend under lifted stamp duty

November 09, 2016 - Hong Kong
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.

Hong Kong raises stamp duty on second home purchases to 15%

November 08, 2016 - Hong Kong
Hong Kong’s top official has raised the property stamp duty for the second time in three years to tame soaring real estate prices in the world’s least affordable major city.

Kai Tak Land Tender Awarded at $8.8 billion, 90% higher than expected

November 07, 2016 - Kowloon Bay
Residential site near the city’s former international airport was tendered Wednesday for HK$8.84 billion, more than double analysts’ expectations.

Kowloon Tong house lot said to be sold for HKD 250 million

November 04, 2016 - Kowloon Tong
A house lot at 123 Dumbarton Road, Kowloon Tong is said to be sold for HKD 250 million of HKD 27,180 psf.

Hotel in Jordan sold for HKD 108 million

November 03, 2016 - Jordan
According to market news, a hotel named A3 at 129-131 Temple Street in Jordan was recently sold for HKD 108 million, or around HKD 2.91 million per guest room.

Forever 21 to Shut Flagship Hong Kong Store

November 02, 2016 - Causeway Bay
Forever 21 is retreating from its Causeway Bay flagship store next August after its lease ends, with American lingerie chain Victoria's Secret rumored to be taking over the prime location.

Prices set for new Home Ownership Scheme flats in Hong Kong

November 01, 2016 - San Po Kong
The Housing Authority plans to sell units of its first Green Form Subsidised Home Ownership Pilot Scheme (GSH) project to Green Form residents at 40% discount.

Price of Tuen Mun street shop rises HKD 21.5 million in a year

October 31, 2016 - Tuen Mun
Street shop with mezzanine floor in Man Cheung Mansion at 1-2 Tuen Mun Heung Sze Wui Road, with a total GFA of 3,600 sq ft, was recently sold for HKD 100 million, or HKD 27,800 per sq ft.

Price of Wing On Plaza rises 23% in 3 months

October 28, 2016 - Tsim Sha Tsui
A low-floor unit 04 in Wing On Plaza, East Tsim Sha Tsui, with GFA of 1,351 sq ft, was recently sold for HKD 25 million, or HKD 18,505 per sq ft.

3-room unit of The Habourside sold for HKD 31 million

October 26, 2016 - Kowloon Station
A high-floor unit D in Block 3 of The Harbourview at the Kowloon Station, with a saleable area of 1,076 sq ft, was recently sold for HKD 31 million, or HKD 28,810 per sq ft.