Luxury residential properties

You don’t need to own a flat to improve your living environment

Donald Choi remains cautious on bidding for land. Photo: Thomas Yau

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

Nan Fung finds ways to reduce construction costs

Donald Choi says Nan Fung Development wants to systematise construction procedures to increase productivity. Photo: Thomas Yau

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

When homebuyers get a free car

Macau home prices have risen more than 30 per cent year on year. Photo: May Tse

What does it tell you when developers give away a car with each purchase of a home?

11 Mar 2014 - 5:05am

Stronger interest expected in luxury residential sites in Tai Po, Sai Kung

Two auctions in Tuen Mun last month went poorly. Photo: Robert Ng

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

Landlords biting their fingernails as luxury flats stay vacant

Expatriate middle managers are having to look as far afield as Tseung Kwan O for affordable rental housing. Photo: Nora Tam

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

Hong Kong luxury prices stagnate as new taxes bite

Luxury houses on Victoria Peak. Photo: AP

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

Property Digest, January 23, 2013

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

North Point waterfront hotel site up for sale

North Point waterfront hotel site up for sale

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 Wings II flats priced cheaper than planned

The Wings II, a residential project in Tseung Kwan O. Photo: Sandy Li

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

Opus tenant cancels deal to rent for HK$850k a month

Exterior of Opus Hong Kong at 53 Stubbs Road, The Peak, by Swire Properties. Photo: Nora Tam

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

Safe and sound

London's property market has achieved record prices this year, but analysts say next year will be one of consolidation.

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

Stamp duty 'a drag' on sales at luxury project

The new stamp duty is affecting sales at Marinella, a luxury residential project. Photo: Nora Tam

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

Posh property expensive? It's Hong Kong meting out justice

Caring HK march to oppose the government's 'My Home Purchase Scheme' as they think it is not helpful in assisting sandwich class to buy flats. Photo: Edward Wong

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

Strong demand and limited supply drive top-end prices higher

Tavistock penthouse at Tregunter Path

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

Operators add helpful touches

A bedroom of an Ovolo serviced apartment in Hollywood Road, Hong Kong.

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