https://www.scmp.com/rss/322722/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold all 350 units released on Sunday in its Sierra Sea project, marking a fifth consecutive sell-out and underscoring returning buyer appetite in the world’s most expensive property market. The batch at phase 2B included 244 two-bedroom and 106 three-bedroom units, with discounted prices ranging from HK$4.6 million (US$590,000) to HK$9.74 million, according to sales documents released on Wednesday. The... https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed Sun, 01 Feb 2026 09:00:12 +0000 Zhang Shidong Zhang Shidong Sun Hung Kai Properties (SHKP), the city’s biggest developer, put more than 200 units on sale at a residential project on Saturday amid hopes of a steady recovery in the city’s home market. SHKP sold all 229 units on offer at the Sierra Sea project in Sai Sha Wan on Saturday, according to real estate agents. The per-unit price ranged between HK$4.04 million (US$518,000) and HK$10.7 million, but with a 15 per cent discount the selling prices were from HK$3.44 million to HK$8.27 million. The... https://www.scmp.com/business/china-business/article/3340255/shkp-tests-market-resilience-new-batch-flats-hong-kongs-sierra-sea-project?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340255/shkp-tests-market-resilience-new-batch-flats-hong-kongs-sierra-sea-project?utm_source=rss_feed Sat, 17 Jan 2026 08:09:02 +0000 Peggy Ye Peggy Ye Hong Kong’s leading property developers are accelerating new residential launches, with two major firms unveiling plans to roll out more than 4,500 flats this year as sentiment shows signs of improvement, but analysts caution that a surge in supply may add fresh pressure to a market that has only begun to stabilise. Developers, including Wheelock Properties and Kerry Properties, are pressing ahead with large-scale launches, adding new supply on top of still-elevated inventory from previous... https://www.scmp.com/business/banking-finance/article/3339073/hong-kong-developers-rush-new-flats-sentiment-lifts-pressuring-fragile-recovery?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339073/hong-kong-developers-rush-new-flats-sentiment-lifts-pressuring-fragile-recovery?utm_source=rss_feed Wed, 07 Jan 2026 11:30:23 +0000 Salina Li,Daniel Ren Salina Li,Daniel Ren Hong Kong homebuyers snapped up new flats at a Henderson Land project in Wan Chai in the latest sign of a real-estate market recovery. By early evening on Saturday, all 75 units on offer at the Woodis residential development on Wood Road were sold out, according to property agents. The buying spree aligns with market expectations, following Henderson’s decision to price the units competitively with neighbouring flats in the secondary market. The average discounted price was set at HK$23,224... https://www.scmp.com/business/companies/article/3329524/hong-kong-homebuyers-flock-henderson-land-project-wan-chai?utm_source=rss_feed https://www.scmp.com/business/companies/article/3329524/hong-kong-homebuyers-flock-henderson-land-project-wan-chai?utm_source=rss_feed Sat, 18 Oct 2025 11:33:51 +0000 Salina Li Salina Li Two major residential developments in Hong Kong saw tepid sales over the weekend despite a slow recovery in the city’s property market, showing that buyer sentiment has yet to fully rebound even as developers strive for higher profit margins amid a stabilisation in home prices, according to analysts. “Developers are now testing the waters” by pricing new projects at market rates, aligning with average prices in nearby developments or slightly higher, said Joseph Tsang, chairman of JLL Hong Kong.... https://www.scmp.com/business/article/3325484/hong-kong-developers-test-homebuyer-sentiment-residential-market-outlook-improves?utm_source=rss_feed https://www.scmp.com/business/article/3325484/hong-kong-developers-test-homebuyer-sentiment-residential-market-outlook-improves?utm_source=rss_feed Sun, 14 Sep 2025 08:31:05 +0000 Salina Li Salina Li Competition is intensifying in Hong Kong’s new residential property market as improved sentiment and declining mortgage rates have prompted developers to offer attractive prices to entice buyers. Homebuyers snapped up just 58 of the 100 flats on offer on the first day of sales at Uni Residence in Tai Wai, agents said. Five out of 10 flats offered by tender were also sold, generating about HK$38 million (US$4.8 million). In contrast, Henderson Land’s The Henley in Kai Tak sold 78 of 80 units on... https://www.scmp.com/business/article/3312588/tepid-sales-hong-kongs-uni-residence-competition-heats-new-home-market?utm_source=rss_feed https://www.scmp.com/business/article/3312588/tepid-sales-hong-kongs-uni-residence-competition-heats-new-home-market?utm_source=rss_feed Sat, 31 May 2025 10:01:07 +0000 Cao Li Cao Li Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the second batch of Sierra Sea units it offered on Saturday, according to property agents. That comes a week after SHKP recorded a sell-out of the first batch of 318... https://www.scmp.com/business/companies/article/3308950/homebuyers-flock-shkps-new-batch-sierra-sea-flats-sale-demand-remains-strong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3308950/homebuyers-flock-shkps-new-batch-sierra-sea-flats-sale-demand-remains-strong?utm_source=rss_feed Sat, 03 May 2025 07:49:25 +0000 Salina Li Salina Li Buyers flocked to a mega residential project from Sun Hung Kai Properties (SHKP) in Hong Kong’s New Territories on Saturday, as attractive pricing boosted purchasing sentiment from investors and agents forecast improved sales in the city despite economic jitters. All 318 of the new flats on sale at the Sierra Sea residential development found buyers as of 8.30pm, according to property agents. The project attracted a significant number of investors, said Louis Chan Wing-kit, CEO of Centaline... https://www.scmp.com/business/article/3308034/investors-dominate-sales-shkps-sierra-sea-new-territories-sentiment-improves?utm_source=rss_feed https://www.scmp.com/business/article/3308034/investors-dominate-sales-shkps-sierra-sea-new-territories-sentiment-improves?utm_source=rss_feed Sat, 26 Apr 2025 08:55:20 +0000 Enoch Yiu Enoch Yiu Hong Kong on Saturday saw its best weekend for new property sales in four months, with a total of 352 units sold across three projects, after the government lowered the stamp duty for small flats following the budget address on Wednesday. Among the first-round offerings, Henderson Land Development’s Eight Southpark project in Kowloon City sold out all 181 available units by 6pm, while Wang On Properties sold 55 of the 60 units on offer at the Coasto project in Ap Lei Chau, according to property... https://www.scmp.com/business/article/3300666/hong-kongs-weekend-property-sales-reach-4-month-high-after-stamp-duty-cuts?utm_source=rss_feed https://www.scmp.com/business/article/3300666/hong-kongs-weekend-property-sales-reach-4-month-high-after-stamp-duty-cuts?utm_source=rss_feed Sat, 01 Mar 2025 07:40:36 +0000 Aileen Chuang Aileen Chuang Hong Kong homebuyers’ sentiment was mixed over the weekend as the city’s tepid property market awaits more supportive measures in the coming budget. China Resources Land (Overseas) and Poly Property sold five of the 136 flats offered at Pano Harbour in Kai Tak, the site of the city’s former airport, as of 5pm on Sunday, according to agents. New World Development (NWD) sold five of the 20 units in the third round of sales at State Pavilia in North Point. On Saturday, Kerry Properties sold all 250... https://www.scmp.com/business/article/3299803/hong-kong-developers-find-few-takers-flats-sale-buyers-await-budget-stimulus?utm_source=rss_feed https://www.scmp.com/business/article/3299803/hong-kong-developers-find-few-takers-flats-sale-buyers-await-budget-stimulus?utm_source=rss_feed Sun, 23 Feb 2025 09:51:24 +0000 Enoch Yiu Enoch Yiu Hong Kong’s homebuyers snapped up every flat on offer during a weekend sales launch on Saturday, as attractive prices amid a stock market rally bolstered sentiment in the city’s tepid property market. All 250 flats at Kerry Properties’ Hava project in Yuen Long were snapped up by 4.30pm, sales agents said. The flats, ranging from 282 square feet to 403 square feet (37.4 square metres), were on sale at an average HK$10,658 per square foot. “The project is in Yuen Long, which is convenient, with a... https://www.scmp.com/business/article/3299756/kerrys-hava-flats-sell-out-stock-rally-lifts-mood-hong-kongs-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3299756/kerrys-hava-flats-sell-out-stock-rally-lifts-mood-hong-kongs-property-market?utm_source=rss_feed Sat, 22 Feb 2025 10:53:35 +0000 Zhang Shidong Zhang Shidong New World Development (NWD) on Saturday recorded a sell-out at its State Pavilia project in North Point, as “enthusiastic” Hong Kong homebuyers brushed aside the raised prices of the batch of units offered this weekend. As of 6.22pm, NWD – controlled by the family of chairman Henry Cheng Kar-shun – sold out all of the 168 units on offer in the initial phase of the firm’s redevelopment project at the site of the former State Theatre, according to property agents. “The pricing is attractive and... https://www.scmp.com/business/china-business/article/3298825/hong-kong-homebuyers-flock-nwds-state-pavilia-project-amid-attractive-pricing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3298825/hong-kong-homebuyers-flock-nwds-state-pavilia-project-amid-attractive-pricing?utm_source=rss_feed Sat, 15 Feb 2025 08:23:19 +0000 Yujie Xue,Salina Li Yujie Xue,Salina Li Homebuyers flocked to a new residential project offered by Wang On Properties in Hong Kong’s Eastern district on Saturday, showing renewed enthusiasm for the city’s real estate market driven by the government’s stimulus measures. As of 3:30pm, 98 of the 157 units on sale at 101 King’s Road, a housing project that consists of a residential main tower, a commercial podium, and an outdoor commercial space, were sold, according to agents. “The pricing of flats at 101 King’s Road is quite... https://www.scmp.com/business/article/3287854/homebuyers-snap-flats-wang-ons-101-kings-road-project-amid-market-revival?utm_source=rss_feed https://www.scmp.com/business/article/3287854/homebuyers-snap-flats-wang-ons-101-kings-road-project-amid-market-revival?utm_source=rss_feed Sat, 23 Nov 2024 09:18:12 +0000 Daniel Ren,Cheryl Arcibal Daniel Ren,Cheryl Arcibal New flats on offer in Kai Tak received a cool reception on Saturday, as Hong Kong homebuyers mostly stayed on the sidelines waiting for steeper discounts, which spoiled expectations of a strong turnout at the start of November after the monetary authority relaxed the city’s mortgage financing rules last month. Only one out of the 151 homes launched for sale at Pavilia Forest II was snapped up as of 5pm, while 20 units – or about 34 per cent – of the 58 flats on offer at Double Coast I found... https://www.scmp.com/business/china-business/article/3284950/hong-kong-homebuyers-give-cold-shoulder-new-world-led-pavilia-forest-ii?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3284950/hong-kong-homebuyers-give-cold-shoulder-new-world-led-pavilia-forest-ii?utm_source=rss_feed Sat, 02 Nov 2024 11:44:18 +0000 Yulu Ao Yulu Ao Homebuyers swarmed property show rooms in Wong Chuk Hang and Kai Tak on Saturday, snapping up most of the 504 flats on offer in Hong Kong’s biggest sales launch in six months after the monetary authority relaxed the city’s mortgage financing rules. CK Asset Holdings and MTR Corporation sold 188 of the 256 flats at their Blue Coast II project in Wong Chuk Hang as of 5.30pm, according to sales agents, after receiving 8,000 bids for the units on offer. Sun Hung Kai Properties found buyers for 152... https://www.scmp.com/business/china-business/article/3283051/homebuyers-swarm-hong-kongs-biggest-sales-launch-6-months-after-relaxed-lending-rules?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3283051/homebuyers-swarm-hong-kongs-biggest-sales-launch-6-months-after-relaxed-lending-rules?utm_source=rss_feed Sat, 19 Oct 2024 09:23:55 +0000 Mia Castagnone Mia Castagnone Hong Kong homebuyers on Saturday flocked to a second round of sales at Sun Hung Kai Properties’ Cullinan Sky Phase 1, a residential project in Kai Tak, as interest rate cuts and improved stock market performances boost sentiment in the real estate sector. As of 8pm, Sun Hung Kai, Hong Kong’s largest developer by market capitalisation, sold 232 flats out of 238 on offer, according to property agents. The apartments ranged from studios to two-bedroom units, with saleable areas ranging from 236 to... https://www.scmp.com/business/companies/article/3282120/sun-hung-kais-cullinan-sky-sees-another-weekend-brisk-sales-rate-cut-and-stock-rally?utm_source=rss_feed https://www.scmp.com/business/companies/article/3282120/sun-hung-kais-cullinan-sky-sees-another-weekend-brisk-sales-rate-cut-and-stock-rally?utm_source=rss_feed Sat, 12 Oct 2024 09:06:55 +0000 Jiaxing Li Jiaxing Li Hong Kong developer Lai Sun Development saw robust sales for its new residential project in the New Territories priced at a 10-year low, as buyers made the most of the recent rate cut and strong stock market performance. Almost all 98 units on offer at The Parkland, located at 266 Tai Kei Leng in Yuen Long, were sold as of 5pm on Sunday. Most of the buyers were first-time buyers, according to agents. Units in The Parkland range from 265 sq ft to 488 sq ft, with the first batch including 80... https://www.scmp.com/business/article/3281271/hong-kong-developer-lai-suns-yuen-long-project-sell-out-buyers-regain-confidence?utm_source=rss_feed https://www.scmp.com/business/article/3281271/hong-kong-developer-lai-suns-yuen-long-project-sell-out-buyers-regain-confidence?utm_source=rss_feed Sun, 06 Oct 2024 09:52:56 +0000 Daniel Ren,Salina Li Daniel Ren,Salina Li Homebuyers snapped up the flats offered by Wang On Properties at a residential project in Hong Kong’s Eastern district on Saturday, after the developer priced units one third lower than the market rate three years ago. As of 6pm Saturday, 47 of the 60 units on sale at Finnie, a single block in Quarry Bay, were sold, with buyers attracted by their potential investment returns, according to agents. “Because of the attractive prices and good location, the homes drew a buying spree from long-term... https://www.scmp.com/business/companies/article/3275770/buyers-keen-wang-ons-finnie-project-quarry-bay-pricing-one-third-lower-2021?utm_source=rss_feed https://www.scmp.com/business/companies/article/3275770/buyers-keen-wang-ons-finnie-project-quarry-bay-pricing-one-third-lower-2021?utm_source=rss_feed Sat, 24 Aug 2024 10:32:31 +0000 Zhang Shidong Zhang Shidong Hong Kong’s homebuyers snapped up all the new flats available during a weekend sale in the New Territories, attracted by the district’s cheapest launch prices in eight years after the developer offered massive discounts to revive demand in a sluggish market. Early Light International Holdings, a property developer owned by the tycoon Francis Choi Chee-ming, sold all 188 apartments on offer during the initial launch of The Uppland at the Gold Coast Bay in Tuen Mun as of 6.20pm, according to real... https://www.scmp.com/business/article/3271244/hong-kong-homebuyers-snap-discounted-uppland-flats-tuen-mun-reversing-sales-flops?utm_source=rss_feed https://www.scmp.com/business/article/3271244/hong-kong-homebuyers-snap-discounted-uppland-flats-tuen-mun-reversing-sales-flops?utm_source=rss_feed Sat, 20 Jul 2024 08:40:28 +0000 Daniel Ren,Cheryl Arcibal Daniel Ren,Cheryl Arcibal Hong Kong’s property buyers spurned a 12 per cent discount on offer at a waterfront housing project in one of the city’s choicest locations, signalling more woes ahead for the real estate slump. Agents sold a single flat at the first phase of the Miami Quay project in Kai Tak, out of the 50 units left over from its September 2022 launch. The flats were priced between HK$5.8 million (US$742,215) and HK$18.9 million, after an average discount of 12 per cent. “It was a bit disappointing,” said... https://www.scmp.com/business/china-business/article/3269452/hong-kong-buyers-spurn-12pc-discount-kai-taks-miami-quay-spelling-woe-home-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3269452/hong-kong-buyers-spurn-12pc-discount-kai-taks-miami-quay-spelling-woe-home-market?utm_source=rss_feed Sat, 06 Jul 2024 12:24:57 +0000 Yuke Xie Yuke Xie A new residential project in Tuen Mun has gained traction on the back of generous discounts from Sun Hung Kai Properties (SHKP), while sales of another project in Cheung Sha Wan disappointed. At SHKP’s new project Novo Land phase 3B in Tuen Mun, 135 of 160 units on offer sold by 5pm on Saturday. The new batch of flats were offered at a discounted of up to 17 per cent compared with previous phases, and received a total of 5,332 cheques as of Friday, making them 32.3 times oversubscribed. The... https://www.scmp.com/property/article/3267655/discounts-drive-new-home-sales-shkps-novo-land-tuen-mun-buyer-sentiment-improves?utm_source=rss_feed https://www.scmp.com/property/article/3267655/discounts-drive-new-home-sales-shkps-novo-land-tuen-mun-buyer-sentiment-improves?utm_source=rss_feed Sat, 22 Jun 2024 10:30:09 +0000 Home purchases in Hong Kong are slowing down after an initial spate of enthusiasm sparked by the government’s rollback of cooling measures nearly three months ago, with buyers taking only 17 per cent of new flats offered by Wheelock Properties in Tseung Kwan O on Saturday. As of 8pm, 27 of 154 units on offer at Park Seasons in Lohas Park were sold. The slow sales were “expected” as “many other units of the project had been sold in the previous launch”, said Sammy Po Siu-ming, CEO of Midland... https://www.scmp.com/business/article/3264096/hong-kong-buyers-shun-new-flats-wheelocks-park-seasons-project-home-sales-slow-may?utm_source=rss_feed https://www.scmp.com/business/article/3264096/hong-kong-buyers-shun-new-flats-wheelocks-park-seasons-project-home-sales-slow-may?utm_source=rss_feed Sat, 25 May 2024 10:30:07 +0000 Hong Kong’s homebuyers turned out for the latest weekend launch of new residential property, as the developer’s discounts assuaged concerns that interest rates could remain high for a longer period. Wheelock Properties sold 126 flats, or three-quarters of the 168 units on offer at its Park Seasons project at the Lohas Park in Tseung Kwan O, according to the developer. The sale comprised one-bedroom and two-bedroom flats measuring between 322 and 496 square feet (46 square meters), priced at... https://www.scmp.com/business/article/3259750/hong-kongs-homebuyers-set-aside-high-rate-concerns-they-snap-wheelocks-park-seasons-flats-after?utm_source=rss_feed https://www.scmp.com/business/article/3259750/hong-kongs-homebuyers-set-aside-high-rate-concerns-they-snap-wheelocks-park-seasons-flats-after?utm_source=rss_feed Sat, 20 Apr 2024 10:07:35 +0000 The second batch of CK Asset’s Blue Coast project in Wong Chuk Hang has received a warm response from homebuyers, as sales continue to surge after the government eased property curbs. A total of 130, or 70 per cent, of the 184 units on offer were sold by 8pm Saturday, when sales closed for the day, according to Sammy Po Siu-ming, CEO of Midland’s residential division for Hong Kong and Macau. “Including the flats sold today, more than 540 units [from the Blue Coast project] were sold in the past... https://www.scmp.com/business/article/3258904/ck-asset-launches-second-batch-blue-coast-project-warm-reception-home-buying-curbs-ease?utm_source=rss_feed https://www.scmp.com/business/article/3258904/ck-asset-launches-second-batch-blue-coast-project-warm-reception-home-buying-curbs-ease?utm_source=rss_feed Sat, 13 Apr 2024 09:00:21 +0000 CK Asset’s Blue Coast project in Wong Chuk Hang, one of Hong Kong’s biggest residential launches this year, was snapped up by eager homebuyers rushing to take advantage of attractive discounts after the easing of the city’s property curbs. The developer sold 413 units, or 98 per cent of the 422 flats put up for sale on Saturday when proceedings ended at 9pm, according to sales agents. Some 5,000 buyers and agents flocked into the developers’ sales office in Metropolis Drive in Hung Hom to await... https://www.scmp.com/business/markets/article/3258083/ck-assets-blue-coast-flats-are-65-times-oversold-buyers-snap-discounts-hong-kongs-biggest-home?utm_source=rss_feed https://www.scmp.com/business/markets/article/3258083/ck-assets-blue-coast-flats-are-65-times-oversold-buyers-snap-discounts-hong-kongs-biggest-home?utm_source=rss_feed Sat, 06 Apr 2024 10:38:30 +0000 CK Asset Holdings, the flagship property developer of Li Ka-shing, Hong Kong’s richest man, has released a third price list for its Blue Coast development, which goes on sale on Saturday. Released on Tuesday, the third price list covers 174 units and is 1.73 per cent higher than the first price list. CK Asset released the first price list for 138 units last Friday and a second one for 110 units last Saturday. A total of 422 units will be available for sale this weekend. The third list covers 38... https://www.scmp.com/business/companies/article/3257612/ck-asset-releases-third-price-list-174-blue-coast-units-sets-stage-sell-total-422-flats-weekend?utm_source=rss_feed https://www.scmp.com/business/companies/article/3257612/ck-asset-releases-third-price-list-174-blue-coast-units-sets-stage-sell-total-422-flats-weekend?utm_source=rss_feed Tue, 02 Apr 2024 13:30:11 +0000 Hong Kong homebuyers are piling into flats on sale in Tseung Kwan O on Saturday, taking advantage of the cheapest prices seen in the area in five years and the government’s abolition of purchasing curbs last month. Wheelock Properties sold out its entire first batch of 368 units on offer at Seasons Place by 6pm on Saturday, recording sales worth HK$2.36 billion (US$301.8 million). The number of units offered in the first round were the largest seen this year so far. “A new batch of units are... https://www.scmp.com/business/markets/article/3256473/hong-kong-property-homebuyers-flock-wheelocks-seasons-place-tseung-kwan-o?utm_source=rss_feed https://www.scmp.com/business/markets/article/3256473/hong-kong-property-homebuyers-flock-wheelocks-seasons-place-tseung-kwan-o?utm_source=rss_feed Sat, 23 Mar 2024 10:30:16 +0000 Hong Kong homebuyers on Sunday rushed into the market to snap up most of the new flats on sale in Kowloon Bay, as developers continued to offer discounts to meet the pent-up demand unleashed by the government’s abolition of purchasing curbs. Wong Sun Hing and partner New World Development sold 238 of the 336 flats at their Uptown East project as of 6pm, recording sales worth about HK$1.4 billion (US$179 million), according to the developers. Agents expect the project to sell out by more 80 per... https://www.scmp.com/business/article/3255709/hong-kong-homebuyers-snap-uptown-east-flats-worth-us179-million-kowloon-bay-market-rebounds-after?utm_source=rss_feed https://www.scmp.com/business/article/3255709/hong-kong-homebuyers-snap-uptown-east-flats-worth-us179-million-kowloon-bay-market-rebounds-after?utm_source=rss_feed Sun, 17 Mar 2024 12:32:31 +0000 The removal of property curbs in the Hong Kong government’s budget announcement last week has generated a very encouraging response in the housing market. Since the announcement, there has been a sharp rebound in the volume of home sales, with agents reporting more than 580 property transactions in the primary market between Sunday and the announcement of curb relaxations last Wednesday. It is a matter of debate whether this demand will be sustained but one thing is certain – homebuyers have an... https://www.scmp.com/business/companies/article/3254265/hong-kongs-removal-property-curbs-unleashing-buying-frenzy-here-are-five-residential-projects-keep?utm_source=rss_feed https://www.scmp.com/business/companies/article/3254265/hong-kongs-removal-property-curbs-unleashing-buying-frenzy-here-are-five-residential-projects-keep?utm_source=rss_feed Tue, 05 Mar 2024 23:30:10 +0000 Hong Kong’s first weekend property sales this year kicked off on Saturday, with buyers snapping up nearly 60 per cent of the units offered at a small residential project in Wong Tai Sin while shunning more expensive flats at a Kai Tak development. As of late afternoon, Wang On Properties had sold 95 of the first batch of 165 units on offer at Phoenext, the first new residential development to be put on public sale in 2024. The one and two-bedroom flats – measuring 200 to 356 square feet and... https://www.scmp.com/business/article/3248335/new-wong-tai-sin-homes-sell-well-hong-kongs-first-weekend-property-sales-2024?utm_source=rss_feed https://www.scmp.com/business/article/3248335/new-wong-tai-sin-homes-sell-well-hong-kongs-first-weekend-property-sales-2024?utm_source=rss_feed Sat, 13 Jan 2024 11:32:39 +0000 The developers of smaller residential projects in Hong Kong are hastening sales by offering discounts before the Lunar New Year holiday, with the aim of increasing their market share before larger projects are launched later in the year. Lofter Group, a local developer that was established in 2012 and focuses on urban renewal projects across core districts, launched Elize Park in Mong Kok East on Tuesday. The project will have a total of 52 units, including one and two-bedroom flats ranging in... https://www.scmp.com/business/article/3247839/hong-kongs-smaller-developers-steal-march-big-guns-offer-discounts-offload-flats-lunar-new-year?utm_source=rss_feed https://www.scmp.com/business/article/3247839/hong-kongs-smaller-developers-steal-march-big-guns-offer-discounts-offload-flats-lunar-new-year?utm_source=rss_feed Wed, 10 Jan 2024 00:00:13 +0000 Hong Kong’s most valuable developer Sun Hung Kai Properties (SHKP) topped the city’s sales tables in 2023, accounting for over a quarter of the deal volume at a time when shrinking home prices and a 33-year trough for real estate transactions are weighing on one of the world’s most expensive property markets. SHKP accounted for the sale of 3,200 out of the 11,011 units that changed hands in 2023, according to data from Dataelements, a data provider that tracks new residential properties in Hong... https://www.scmp.com/business/article/3247134/sun-hung-kai-properties-survivor-long-winter-tops-hong-kong-property-sales-30-homes-sold-2023?utm_source=rss_feed https://www.scmp.com/business/article/3247134/sun-hung-kai-properties-survivor-long-winter-tops-hong-kong-property-sales-30-homes-sold-2023?utm_source=rss_feed Wed, 03 Jan 2024 08:06:54 +0000 Hong Kong’s biggest developer Sun Hung Kai Properties (SHKP) enjoyed another round of robust weekend sales, as big discounts and a positive interest rate outlook prompted local buyers to snap up units in its latest housing project. A total of 241 flats at Yoho West – a residential project jointly developed by SHKP and the MTR Corp in Tin Shui Wai, New Territories – were sold on Saturday, according to agents. With about 86 per cent of the 280 units on offer sold this round, the project in line... https://www.scmp.com/property/hong-kong-china/article/3245320/property-developer-shkp-sells-83-cent-new-flats-offer-robust-home-demand-continues-amid-buyer?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3245320/property-developer-shkp-sells-83-cent-new-flats-offer-robust-home-demand-continues-amid-buyer?utm_source=rss_feed Sat, 16 Dec 2023 10:00:22 +0000 Sun Hung Kai Properties’ (SHKP) biggest weekend home sale in nearly a year and half sees strong demand for about 350 units on offer at the developer’s latest residential project in Tin Shui Wai. As of 6:20pm on Saturday, 228 flats at Yoho West – a joint project between Hong Kong’s largest property developer by market capitalisation and the MTR Corp – had been sold, representing 65 per cent of the total units on offer that were made available to buyers on the first day of sales, according to... https://www.scmp.com/business/article/3243632/sun-hung-kais-biggest-weekend-property-sale-2022-pays-homebuyers-snap-flats-yoho-west-amid-strong?utm_source=rss_feed https://www.scmp.com/business/article/3243632/sun-hung-kais-biggest-weekend-property-sale-2022-pays-homebuyers-snap-flats-yoho-west-amid-strong?utm_source=rss_feed Sat, 02 Dec 2023 09:49:57 +0000 Sun Hung Kai Properties (SHKP), Hong Kong’s largest property developer by market capitalisation, will on Saturday launch its biggest weekend sales since July 2022 for a new project in Tin Shui Wai. About 350 flats at Yoho West – a huge residential project jointly developed by SHKP and MTR Corp – will be put on sale this weekend. The flats on sale will be drawn from three price lists SHKP has released for a total of 613 flats. The first batch of units has been priced at an average of HK$10,888... https://www.scmp.com/property/article/3243272/hong-kongs-sun-hung-kai-prices-yoho-west-flats-six-year-low-readies-biggest-weekend-property-sales?utm_source=rss_feed https://www.scmp.com/property/article/3243272/hong-kongs-sun-hung-kai-prices-yoho-west-flats-six-year-low-readies-biggest-weekend-property-sales?utm_source=rss_feed Wed, 29 Nov 2023 12:05:16 +0000 The first weekend of November saw sluggish sales at two Hong Kong residential projects, with a combined 303 units hitting the market, as homebuyers continued to take a wait-and-see approach for potential incentive policies from the government. KT Marina, a project in Kai Tak jointly developed by K Wah International, Wheelock Properties and China Overseas, had 218 flats from its first phase on offer. As of 5pm on Saturday, homebuyers had snapped up about 60 units, according to Sammy Po Siu-ming,... https://www.scmp.com/business/article/3240352/hong-kong-sees-sluggish-weekend-sales-new-developments-kai-tak-and-aberdeen-buyers-snap-only-52-303?utm_source=rss_feed https://www.scmp.com/business/article/3240352/hong-kong-sees-sluggish-weekend-sales-new-developments-kai-tak-and-aberdeen-buyers-snap-only-52-303?utm_source=rss_feed Sat, 04 Nov 2023 09:54:24 +0000 Hong Kong on Saturday saw 223 new residential units across five projects made available to homebuyers, with the new major launch of 138 flats at a project in Tseung Kwan O offering discounts as high as 15 per cent. As of 4.30pm, Villa Garda III sold 73 out of 138 units, according to property agents. The units comprise 17 one-bedroom, 113 two-bedroom and eight three-bedroom flats, with areas ranging from 340 sq ft to 719 sq ft. The project – jointly developed by Sino Land, K Wah International and... https://www.scmp.com/business/article/3232405/hongkongers-snap-cheaper-new-homes-weekend-home-sale-bonanza-saw-223-flats-offer?utm_source=rss_feed https://www.scmp.com/business/article/3232405/hongkongers-snap-cheaper-new-homes-weekend-home-sale-bonanza-saw-223-flats-offer?utm_source=rss_feed Sat, 26 Aug 2023 10:30:11 +0000 Almost 4,000 homebuyers rushed to snap up flats at CK Asset Holdings’ Coast Line I in Yau Tong on Sunday, just a week after all units in the other phase of the project, Coast Line II, sold out on their first day of sales. With 95 per cent of the available units sold as of 8pm, the developer looked set to shift all 219 standard units on offer in phase I, according to Sammy Po Siu-ming, CEO of Midland Realty’s residential division for Hong Kong and Macau. There was a sense of déjà vu as hundreds... https://www.scmp.com/business/article/3231701/hong-kong-property-discounts-bring-relief-ailing-sector-thousands-queue-once-more-flats-ck-assets?utm_source=rss_feed https://www.scmp.com/business/article/3231701/hong-kong-property-discounts-bring-relief-ailing-sector-thousands-queue-once-more-flats-ck-assets?utm_source=rss_feed Sun, 20 Aug 2023 09:57:38 +0000 Sino Land, K Wah International and China Merchants Land, the developers behind Villa Garda III housing project in Hong Kong have hastened their sales campaign releasing the first price list at discounts in response to the renewed buying interest sparked by CK Asset’s successful launch. The project is located in Tseung Kwan O district’s Lohas Park neighbourhood and the developers aim to capitalise on this demand revival, seeking to pre-empt launches by rivals, according to market watchers. Hong... https://www.scmp.com/business/article/3231327/hong-kongs-villa-garda-iii-developers-rush-market-sales-launch-hot-heels-ck-assets-sold-out-project?utm_source=rss_feed https://www.scmp.com/business/article/3231327/hong-kongs-villa-garda-iii-developers-rush-market-sales-launch-hot-heels-ck-assets-sold-out-project?utm_source=rss_feed Wed, 16 Aug 2023 22:30:12 +0000 Hong Kong property developer CK Asset Holdings has released the price list for the first 50 units at its Coast Line I project just two days after homebuyers snapped up all 626 apartments in Coast Line II on the first day of sales on Saturday. The average price of the first batch of 50 flats has been set at HK$15,250 (US$1,950) per square foot, 1.68 per cent higher than the average price of the first batch at Coast Line II, which were priced at HK$14,997 per sq ft, because Coast Line I is nearer... https://www.scmp.com/business/article/3231061/ck-asset-strikes-while-iron-hot-announces-prices-new-coast-line-phase-flats-after-blockbuster-sales?utm_source=rss_feed https://www.scmp.com/business/article/3231061/ck-asset-strikes-while-iron-hot-announces-prices-new-coast-line-phase-flats-after-blockbuster-sales?utm_source=rss_feed Mon, 14 Aug 2023 22:00:16 +0000 Hong Kong’s homebuyers rushed to seize the cheapest new flats on sale in seven years, delivering a clear sign to developers that discounts are the best tools for surviving the doldrums in the city’s property market. CK Asset Holdings sold all 626 units of the Coast Line II apartments in Yau Tong on offer in the current phase as of 9pm, according to Sammy Po Siu-ming, CEO of Midland Realty’s residential division for Hong Kong and Macau. Hundreds of prospective buyers started to line up outside... https://www.scmp.com/business/article/3230880/ck-assets-yau-tong-launch-draws-thousands-homebuyers-attracted-7-year-low-prices?utm_source=rss_feed https://www.scmp.com/business/article/3230880/ck-assets-yau-tong-launch-draws-thousands-homebuyers-attracted-7-year-low-prices?utm_source=rss_feed Sat, 12 Aug 2023 05:11:53 +0000 Hong Kong’s appetite for new homes is almost sated, as a weekend property launch left dozens of flats unsold while a leftover project barely received a look-in. In Tuen Mun, Sun Hung Kai Properties (SHKP) sold 186 units, or 83 per cent of the 223 flats in Phase 2A of its Novo Land project, a setback compared with a week ago when all 188 flats on offer found buyers, according to sales agents. Over at Ho Man Tin, Chinachem Group found just one buyer for the 66 larger apartments on sale at In One... https://www.scmp.com/business/article/3224454/hong-kongs-appetite-new-homes-almost-sated-weekend-sales-washes-out-amid-looming-property-supply?utm_source=rss_feed https://www.scmp.com/business/article/3224454/hong-kongs-appetite-new-homes-almost-sated-weekend-sales-washes-out-amid-looming-property-supply?utm_source=rss_feed Sat, 17 Jun 2023 12:21:10 +0000 Sun Hung Kai Properties sold all 188 units of its Novoland project in Tuen Mun on Saturday afternoon, as attractive prices drew first-home buyers to the new development. Units at Novoland phase 2A consisted of one to three-bedroom units, ranging from 245 to 705 sq ft. After discounts, they were priced between HK$3.35 million and HK$9.41 million. The sale began at 10am and by around 3pm all 188 units had been snatched up. More than 5,000 potential buyers registered their interest, according to... https://www.scmp.com/business/article/3223646/sun-hung-kai-sells-all-188-units-novoland-sign-housing-sentiment-rebounding-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3223646/sun-hung-kai-sells-all-188-units-novoland-sign-housing-sentiment-rebounding-hong-kong?utm_source=rss_feed Sat, 10 Jun 2023 09:35:47 +0000 Historically high lending rates did not stop Hong Kong’s homebuyers from returning to the market on Sunday to snap up a fresh batch of flats in Ho Man Tin, highlighting improved sentiment in the city’s battered home market. In the first two hours of the sale, 48 of the 90 flats were sold at the In One Above project by Chinachem Properties and MTR Corporation, according to Chinachem. Another 20 units were slated to be sold separately via bidding. The flats on offer on Sunday, consisting of one-... https://www.scmp.com/business/article/3221311/hong-kongs-homebuyers-return-market-snapping-new-flats-one-above-project-ho-man-tin-sunday?utm_source=rss_feed https://www.scmp.com/business/article/3221311/hong-kongs-homebuyers-return-market-snapping-new-flats-one-above-project-ho-man-tin-sunday?utm_source=rss_feed Sun, 21 May 2023 10:00:56 +0000 Buyers have snapped up all of 150 new homes offered by Sun Hung Kai Properties at its University Hill development in northern Hong Kong’s Tai Po, lured by the developer’s price cuts. By late afternoon on Saturday, all units available in open sales were sold, according to agents. Another 10 units will be sold separately via bidding. The units on offer – ranging from 273 to 640 square feet in usable space – are priced from HK$4.37 million (US$557,000) to HK$11.05 million after discounts of up to... https://www.scmp.com/business/article/3218866/sun-hung-kai-sells-out-all-150-flats-offer-tai-pos-university-hill-price-cuts?utm_source=rss_feed https://www.scmp.com/business/article/3218866/sun-hung-kai-sells-out-all-150-flats-offer-tai-pos-university-hill-price-cuts?utm_source=rss_feed Sat, 29 Apr 2023 11:48:31 +0000 Chinachem Properties and the MTR Corp sold 151 – about 70 per cent – of the 210 flats on offer at their latest project, In One, on Sunday, as easing interest rate rises boost sentiment among homebuyers and investors. The units at In One, phase 1C of the Ho Man Tin station property development, consist of two and three-bedroom units ranging between 423 to 934 sq ft in size. After discounts, they are priced between HK$12.18 million (US$1.64 million) and HK$29.77 million, with a discounted average... https://www.scmp.com/business/article/3215746/chinachem-mtr-sell-70-cent-flats-one-project-amid-improving-sentiment?utm_source=rss_feed https://www.scmp.com/business/article/3215746/chinachem-mtr-sell-70-cent-flats-one-project-amid-improving-sentiment?utm_source=rss_feed Sun, 02 Apr 2023 11:44:22 +0000 Wheelock Properties sold 103, or 75 per cent, of the 138 flats on offer in its latest Lam Tin Project within three hours after sales began on Saturday, as the reopening of Hong Kong’s border with mainland China and other positive developments boost homebuyers’ sentiments. The units at Koko Mare, phase 3B of the Koko Hills development, consist of one to two-bedroom units ranged between 300 to 400 sq ft. After discounts, they were priced between HK$5,937,000 (US$756,000) to HK$9,931,000, with an... https://www.scmp.com/business/china-business/article/3215681/hong-kong-property-wheelock-sells-over-half-its-flats-first-batch-koko-mare-project-lam-tin-three?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3215681/hong-kong-property-wheelock-sells-over-half-its-flats-first-batch-koko-mare-project-lam-tin-three?utm_source=rss_feed Sat, 01 Apr 2023 10:30:17 +0000 Hongkongers snubbed new property sales on Sunday in the latest indication of weakening sentiment in the real estate market, after home prices fell to their lowest level in nearly five years. Only 10 out of 128 flats at Chill Residence in Yau Tong, a new development jointly launched by Poly Property and L’Avenue International Holdings, were sold on Sunday, according to real estate agents. “[Prospective homebuyers] are taking a wait-and-see approach ahead of possible interest rate hikes in... https://www.scmp.com/business/article/3202015/hongkongers-snub-new-home-sales-yau-tong-another-sign-weakening-sentiment-real-estate-market?utm_source=rss_feed https://www.scmp.com/business/article/3202015/hongkongers-snub-new-home-sales-yau-tong-another-sign-weakening-sentiment-real-estate-market?utm_source=rss_feed Sun, 04 Dec 2022 10:30:12 +0000 Hong Kong new home sales turned out to be tepid on Saturday, as rising interest rates and weaker economic growth dampened consumer demand despite lower prices offered by developers. Out of 118 offerings at One Innovale-Cabana in the Northern Metropolis, Fanling, 66 were sold on Saturday – just 56 per cent. Although it was the cheapest new property launch since September 2021 in the city, buyers are seen cautious amid a prolonged down cycle in the local real estate market, which is forecast to... https://www.scmp.com/business/article/3197721/hong-kong-homebuyers-show-tepid-demand-new-units-prices-expected-fall-fourth-quarter?utm_source=rss_feed https://www.scmp.com/business/article/3197721/hong-kong-homebuyers-show-tepid-demand-new-units-prices-expected-fall-fourth-quarter?utm_source=rss_feed Sat, 29 Oct 2022 10:43:34 +0000 A luxury residential project in London from CK Asset Holdings, the flagship property developer of tycoon Li Ka-shing, has drawn the interest of prospective Hong Kong buyers looking to take advantage of the British currency’s recent plunge. Many who attended the first of a two-day weekend exhibition and sales launch in Central were hoping to make the best of sterling’s sharp decline, according to a company spokeswoman. “The response has been overwhelming, many were drawn by the low value of the... https://www.scmp.com/business/article/3195298/ck-assets-london-luxury-project-powerhouse-piques-interest-hong-kong-pound?utm_source=rss_feed https://www.scmp.com/business/article/3195298/ck-assets-london-luxury-project-powerhouse-piques-interest-hong-kong-pound?utm_source=rss_feed Sat, 08 Oct 2022 11:01:07 +0000