Luxury Real Estate Blog and News

Mei Foo Sun Chuen average price just 4% below historic high

October 25, 2016 - Lai Chi Kok
9 transactions have already been seen in Mei Foo Sun Chuen in Lai Chi Kok in the first week of September, with average transaction price at around HKD 11,091 per sq ft.

Tender of Kai Tak plot close on Friday, market expects HKD 4.7 billion

October 24, 2016 - Kowloon Bay
The tender for the land at Kai Tak Area 1K, Kai Tak, Kowloon, being the first residential plot for sale in the area for past 2 years, will close this Friday.

Luxury transaction rises 25% y-o-y

October 21, 2016 - Hong Kong
962 primary market transactions with value over HKD 20 million have been recorded in the first 8 months of the year, rising 25.4% from the 767 recorded in the same period last year.

Kowloon Tong house lot said to be sold for HKD 260 million

October 20, 2016 - Kowloon Tong
An even no. house plot on Kent Road, Kowloon Tong is said to be recently sold for HKD 260 million, or HKD 40,229 per sq ft of permissible GFA.

Sheung Wan site sold at HKD 22 million loss

October 18, 2016 - Sheung Wan
Henderson Land Development has recently bought a construction site at 1-4 Ladder Street, Sheung Wan from another developer for a price of HKD 111 million, or HKD 7,762 per sq ft of permissible GFA.

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.