The Government has told developers to provide price lists and other sales information to buyers of uncompleted residential flats sold through internal sales.Wednesday, 17 October, 2001, 12:00am
An investor has paid HK$197 million for 27 flats and nine car-parking spaces at China Overseas Land & Investment's Ellery Terrace project in Ho Man Tin.
The 27 units, ranging from 1,169 square feet to 1,475 sq ft, were priced between HK$4,500 and HK$6,200 per square foot. There was a HK$900,000 price on each car-park space.9 Oct 2001 - 12:00am
A group of small estate agencies have linked up with House18.com to provide a portal aimed at the primary residential market and at lifting their sales volumes.
Hang Lung Development's main shareholder, the Chan family, has a stake in House18.com, through private technology investment arm Morningside Technologies.22 Mar 2001 - 12:00am
Developer interest in new property projects eased last year following a slight pick-up in 1999.
Latest figures from the Government showed private buildings granted consent to commence work in the first 11 months of last year amounted to 16.7 million square feet of usable floor area.14 Mar 2001 - 12:00am
Private builder Nan Fung Development hopes to convert its Tsuen Wan serviced apartment project to residential use in anticipation of an improving housing market.
Last year the 24,000-square foot site won Town Planning Board approval for two towers, one of 47 storeys and the other 60, providing 1,552 serviced apartments, which are operated similar to hotels.10 Mar 2001 - 12:00am
The last land auction this finan cial year will see the Lands Department selling two residential lots in Ma On Shan and Sai Kung on February 19.
Surveyors estimated the auction would fetch about HK$500 million, with developers cautious in bidding amid weak sentiment in the market.20 Jan 2001 - 12:00am
The Lands Department has set a land premium of HK$350 million for Hon Kwok Land Investment's residential redevelopment project in Diamond Hill.
The offer, representing an accommodation value of about HK$1,748 per square foot, was 15 per cent higher than expected, said sources close to the developer.25 Oct 2000 - 12:00am