Luxury residential properties
Donald Choi Wun-hing worked in the well-known architecture firm Foster and Partners for eight years before he joined Nan Fung Development, where he is managing director.Friday, 8 May, 2015, 10:47am
Facing soaring construction costs and falling property prices, Nan Fung Development has had to adopt new strategies to maintain its profit margins.
Donald Choi Wun-hing, the company's managing director, said: "Construction costs have surged from HK$1,000 to at least HK$3,000 to HK$4,000 per square foot over the past few years.8 May 2015 - 10:47am
What does it tell you when developers give away a car with each purchase of a home?11 Mar 2014 - 5:05am
Last month, two residential sites in Tuen Mun were sold at 8 per cent and 24 per cent below market expectations. The scrapping of an auction for an MTR Corporation site at Tin Shui Wai also reflected pessimism among developers about the outlook for the mass residential market in the New Territories.5 Mar 2014 - 5:08am
If you could ask a crystal ball any question, what would it be?
Landlords of Hong Kong luxury residential properties would probably want to know when they can find tenants to fill their vacant homes.
The down cycle of the luxury residential market began when the Hong Kong financial sector was hit by the global financial crisis in 2009.17 Feb 2014 - 11:52am 2 comments
Luxury residential prices in Hong Kong stagnated in the final quarter of last year, following a sharp rise in the first three quarters that was dented by measures from the government to cool home prices.7 May 2015 - 12:50pm
Luxury flat rents fell 1.3 per cent in December, compared with a 0.2 per cent fall in the previous month, due to the government's tightening measures and the festive holidays, according to Ricacorp Properties, which monitors the rents of 35 luxury developments in Hong Kong.23 Jan 2013 - 4:47am
The government released a waterfront hotel site in the former North Point Estate for tender yesterday amid expectations that it will attract keen interest from developers.12 Jan 2013 - 4:02am
Sun Hung Kai Properties yesterday priced the first 50 flats at The Wings II project at HK$10,688 per square foot, about a third lower than it originally intended, and also cheaper than the inaugural 50 flats the project's first phase sold in 2011.5 Jan 2013 - 5:09am
A tenant who agreed to pay HK$850,000 a month for a 6,000-square-foot duplex flat at Opus Hong Kong on Stubbs Road near the Peak has cancelled the deal amid tightening housing policies that have curbed property demand.18 Dec 2012 - 2:58pm
London will continue to draw investors despite short-term movements in its property market, according to experts who are keen to stress that the city's fundamental economic and political strengths make it a low-risk destination.14 Dec 2012 - 11:49am
Sales of the 20 remaining special flats at luxury residential project Marinella were slowing because of the new buyer's stamp duty, the developers said yesterday.12 Dec 2012 - 3:35am
Let's talk about pricey property in Hong Kong. At the latest official count, 765,000 flats in this city have an average monthly rent of about HK$1,200 apiece. Pricey?25 Nov 2012 - 2:06am 7 comments
Leasing prospects for superdeluxe residences remain positive, despite dampened market sentiment and sluggish trading activity.
Property consultants say there is continued interest in the leasing of top-end residences, as wealthy tenants chase a limited stock of large homes in prestigious locations.23 Nov 2012 - 2:49am
With the choice of serviced apartments in Hong Kong steadily on the rise, established operators are responding to the competition with upgrades, enhanced services and a variety of value-added extras.23 Nov 2012 - 3:14am