Luxury Real Estate Blog and News

Price for duplex unit of The Wing reaches new-high in area

January 12, 2017 - Tseung Kwan O
A 1,670-sq-ft duplex unit of Phase IIIB of The Wings in Tseung Kwan O was sold together with a podium and a swimming pool for HKD 48.096 million, or HKD 28,800 per sq ft of saleable area on Sunday.

The Waterfront high-floor sold at HKD17 million

January 06, 2017 - Kowloon Station
According to market news, The Waterfront in Kowloon Station has recorded 4 transactions so far this month.

Rent for Stars by the Habour reaches new high in Hung Hom

December 13, 2016 - Hung Hom
A high-floor unit A in block 1 of Stars by the Harbour in Hung Hom, with a saleable area of 1,408 sq ft, was recently leased at a monthly rent of HKD 85,000, or HKD 60.4 per sq ft.

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.

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.

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.

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.

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.

Mainlander ratio in luxury market rises back to pre-"spicy tricks" level

October 03, 2016 - Hong Kong
The ratio of mainland buyer contribution has risen back to above 30% for total transaction volume in the primary luxury market as of 2Q2016.

New high prices at major estates

September 11, 2016 - Tin Shui Wai
A high-floor unit of City One Shatin was recently sold for HKD 4.16 million, or HKD 14,600 per sq ft, reaching a new high square footage price for the estate in the year.