Valais, a deluxe project popular among mainland buyers, had an average price of HK$11,929 per square foot in April, 30 per cent below its peak in 2013, according to Centaline. Photo: Nora Tam Valais, a deluxe project popular among mainland buyers, had an average price of HK$11,929 per square foot in April, 30 per cent below its peak in 2013, according to Centaline. Photo: Nora Tam
Valais, a deluxe project popular among mainland buyers, had an average price of HK$11,929 per square foot in April, 30 per cent below its peak in 2013, according to Centaline. Photo: Nora Tam

Sun Hung Kai Properties’ US$1.1 billion land acquisition in Kwu Tung buoys property owners in area close to Shenzhen

  • Property owners in Kwu Tung have raised their asking price by 5 per cent, after a subsidiary of SHKP paid 40 per cent more than market expectation for a 1.19 million sq ft site
  • Agents expect average prices in Kwu Tung to rise to HK$18,000 to HK$20,000 per square foot from HK$14,000 to HK$17,000 per square foot as the area starts developing

Topic |   Hong Kong property
Valais, a deluxe project popular among mainland buyers, had an average price of HK$11,929 per square foot in April, 30 per cent below its peak in 2013, according to Centaline. Photo: Nora Tam Valais, a deluxe project popular among mainland buyers, had an average price of HK$11,929 per square foot in April, 30 per cent below its peak in 2013, according to Centaline. Photo: Nora Tam
Valais, a deluxe project popular among mainland buyers, had an average price of HK$11,929 per square foot in April, 30 per cent below its peak in 2013, according to Centaline. Photo: Nora Tam
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