https://www.scmp.com/rss/826/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Central Kowloon has seen a new wave of residential construction over the last year or so, as developers have ventured out to undertake ambitious projects to build luxury residences. Kerry Properties, Wheelock Properties and Sun Hung Kai Properties (SHKP) are among the local developers expanding their presence in the heart of Kowloon. Mainland companies Shimao Property Holdings and Goldin Financial Holdings have also joined the stream with three large-scale projects in the pipeline. The... https://www.scmp.com/magazines/style/news-trends/special-reports/topics/hong-kong-property/article/2122131/why-hong-kong?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/special-reports/topics/hong-kong-property/article/2122131/why-hong-kong?utm_source=rss_feed Fri, 01 Dec 2017 04:02:49 +0000 West Kowloon’s and Tsim Sha Tsui’s skyline has changed dramatically with the construction of numerous high-rise residential and commercial towers. Infrastructure developments such as the West Rail and the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) add fuel to the momentum while developers seize every opportunity to expand their presence. Home prices continue to rise in West Kowloon and Tsim Sha Tsui. The largest residential project launched this year has been... https://www.scmp.com/special-reports/business/topics/luxehomes-2017-annual-edition/article/2119254/changing-face-west?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/luxehomes-2017-annual-edition/article/2119254/changing-face-west?utm_source=rss_feed Thu, 23 Nov 2017 02:03:17 +0000 Homes are shrinking at an incredible pace in Hong Kong, as developers race to feed the demand of budget-conscious homebuyers, especially those who are young or first-time buyers. Residential units of less than 200 sq ft were snapped up at recent launches. And from an investment point of view, buyers can reap big benefits, according to Buggle Lau, chief analyst at Midland Realty, who says mini-sized flats are very popular and attract not only end-users but also cash-rich investors. “Liquidity is... https://www.scmp.com/specialreports/property/topics/weekend-property/article/2023277/small-investment-developers-build?utm_source=rss_feed https://www.scmp.com/specialreports/property/topics/weekend-property/article/2023277/small-investment-developers-build?utm_source=rss_feed Fri, 30 Sep 2016 06:46:40 +0000 Ma On Shan offers rural tranquillity and good views, and is ideally located for those who also want close access to the city. The area has a comprehensive mix of housing, from low-density residences to high-rise towers. Originally an extension of Sha Tin, the district, located at the west face of the twin peaks of Ma On Shan and along the eastern coast of Tolo Harbour, has grown in the past three decades to become a sought-after residential area today. A continuous supply of new residential... https://www.scmp.com/property/article/2022892/winning-recipe-ma-shan-residents-enjoy-tranquillity-new-territories-and?utm_source=rss_feed https://www.scmp.com/property/article/2022892/winning-recipe-ma-shan-residents-enjoy-tranquillity-new-territories-and?utm_source=rss_feed Fri, 30 Sep 2016 06:02:39 +0000 Once a breeze to obtain, a mortgage now is somewhat more tricky to get, thanks largely to the Hong Kong Monetary Authority’s (HKMA) interventions. Now there are growing calls to lift mortgage restrictions to fire-up the once red-hot property sector in Hong Kong. Sharmaine Lau Yuen-yuen, chief economic analyst at mReferral Mortgage Brokerage Services, says it is time for the regulatory authority to review regulations governing mortgage lending as genuine buyers who are end-users are left out in... https://www.scmp.com/property/article/1976725/no-signs-relief-hong-kong-monetary-authority-amid-growing-calls-lift?utm_source=rss_feed https://www.scmp.com/property/article/1976725/no-signs-relief-hong-kong-monetary-authority-amid-growing-calls-lift?utm_source=rss_feed Fri, 17 Jun 2016 02:15:45 +0000 Over the years, Sai Kung has been a magnetic attraction for city dwellers who love to hike, fish or sail. The area is known as the “Back Garden of Hong Kong”, a blend of rural tranquillity and urban vibrancy. The district stands out with its low-density residential developments and modern village houses that draw a continuous stream of residents and families moving into the neighbourhood. Given a limited supply of new residential properties in Sai Kung’s town centre area, the sale of Sino Land’s... https://www.scmp.com/property/article/1976721/sai-kungs-low-density-residential-developments-and-modern-village-houses?utm_source=rss_feed https://www.scmp.com/property/article/1976721/sai-kungs-low-density-residential-developments-and-modern-village-houses?utm_source=rss_feed Fri, 17 Jun 2016 01:45:45 +0000 If there is one thing most experts agree on, it is the need to increase the supply of homes. The government target for next year is 20,000 units in the private sector, and 15,000 in the public sector, according to Paul Chan Mo-po, Secretary for Development, who is responsible for land supply policy. Property experts estimate that there will be a potential supply of slightly more than 20,000 private sector flats in the pipeline for the new year, based on developers' construction schedules.... https://www.scmp.com/property/hong-kong-china/article/1104319/question-supply?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1104319/question-supply?utm_source=rss_feed Thu, 13 Dec 2012 04:34:41 +0000 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. Clara Chu, director of residential leasing at Colliers International, says the rental outlook for superdeluxe and large residences remains optimistic due to strong demand and limited supply. "We... https://www.scmp.com/lifestyle/interiors-living/article/1088336/strong-demand-and-limited-supply-drive-top-end-prices?utm_source=rss_feed https://www.scmp.com/lifestyle/interiors-living/article/1088336/strong-demand-and-limited-supply-drive-top-end-prices?utm_source=rss_feed Thu, 22 Nov 2012 16:00:00 +0000 Hysan Place, a newly-completed office and retail property tower built by Hysan Development, has added excitement to the commercial scene in Causeway Bay, and raised the level of office rentals. Positive leasing responses have been generated for the 40-storey building, which provides 240,000 sqft of office space on 15 floors. Hysan Development targets high-quality tenants and, at the end of June, 40 per cent of the office space had been leased out. Estate agents estimate that more than 50 per... https://www.scmp.com/property/hong-kong-china/article/1042424/leading-way-quality?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1042424/leading-way-quality?utm_source=rss_feed Sun, 23 Sep 2012 16:00:00 +0000 Chic apartments in convenient locations are selling like hot cakes at premium prices, as investors target single-block luxury flats. New residential blocks on Hong Kong Island have attracted strong interest, given their prime location and tight supply. Popular projects on sale now include Henderson Land Development's High West in Western, Kowloon Development's Cadogan in Kennedy Town, and Kerry Properties' The Altitude in Happy Valley. What really appeals to residents are the chic living... https://www.scmp.com/article/1008353/chic-and-luxurious?utm_source=rss_feed https://www.scmp.com/article/1008353/chic-and-luxurious?utm_source=rss_feed Thu, 02 Aug 2012 16:00:00 +0000 The continuing strength of Hong Kong's luxury properties has prompted agencies to expand their presence and services in this lucrative market. The attractiveness of the luxury market can be demonstrated by the rise of sales exceeding HK$10 million to 8.48 per cent of transactions by the end of last month. The increase in the New Territories was especially significant, surging from 34 per cent last year to 44 per cent. Hong Kong Property is promoting its luxury brand Superior Home to strengthen... https://www.scmp.com/article/1007220/niche-work?utm_source=rss_feed https://www.scmp.com/article/1007220/niche-work?utm_source=rss_feed Thu, 19 Jul 2012 16:00:00 +0000 After a flurry of buying sprees in the first quarter of this year, backed by pent-up demand, sales have significantly slowed recently. But leasing transactions remain brisk as more people turn to the rental market. According to Midland Realty, average private residential rents across Hong Kong picked up about 5.3 per cent in the first five months, on increased demand, to a monthly average of HK$21.15 per square foot, surpassing the peak levels achieved in 1997. Gary Yeung, director for Hong... https://www.scmp.com/article/1005938/new-lease-life?utm_source=rss_feed https://www.scmp.com/article/1005938/new-lease-life?utm_source=rss_feed Thu, 05 Jul 2012 16:00:00 +0000 Hong Kong is bracing itself for a new housing policy after Leung Chun-ying takes up his role as chief executive on July 1, but analysts believe change will be progressive rather than draconian, with a view to tackling the deeply rooted problems of the property sector. With increasing pressure for more government intervention to rein in sky-high prices, all eyes will be on the new chief executive and how he is going to introduce housing initiatives that will help people achieve home ownership and... https://www.scmp.com/article/1004567/winds-change?utm_source=rss_feed https://www.scmp.com/article/1004567/winds-change?utm_source=rss_feed Thu, 21 Jun 2012 16:00:00 +0000 So far this year, prices have managed to hold firm in the primary property market. Now the market is looking ahead to the line-up of new properties that will be available for the remainder of the year. Developers are expecting new luxury properties to command high prices, especially for rare super-deluxe residences on Hong Kong Island, although overall market sentiment seems to have slowed in the wake of the euro-zone debt crisis and stock market volatility. Opus Hong Kong, newly built by Swire... https://www.scmp.com/article/1003289/peak-style?utm_source=rss_feed https://www.scmp.com/article/1003289/peak-style?utm_source=rss_feed Thu, 07 Jun 2012 16:00:00 +0000 Hong Kong's home prices are still hovering at record levels despite fresh local economic worries and uncertainty about the euro-zone debt crisis arising from election results in France and Greece that have sent the world's financial markets reeling. Investors seem to have their mind tuned to the seasonal rhythm related to the stock market - 'sell in May and go away' - as the Hang Seng Index is facing some turbulent times. Heightened concerns about Europe's ability to solve its debt crisis, in... https://www.scmp.com/article/1001864/strong-and-steady?utm_source=rss_feed https://www.scmp.com/article/1001864/strong-and-steady?utm_source=rss_feed Thu, 24 May 2012 16:00:00 +0000 Many in the property sector are wondering if home prices will surpass the dizzy heights of 1997. Prices on Hong Kong Island have been steadily rising as solid demand and abundant liquidity continue to prevail in the low-interest-rate, yet inflationary, environment. According to the Centa-City Index (CCI), produced by Centaline Property Agency, which tracks prices using 1997 levels as a comparison, the index in the second quarter reached 110 compared with a base score of 100 in 1997. Over the... https://www.scmp.com/article/1000614/sky-high?utm_source=rss_feed https://www.scmp.com/article/1000614/sky-high?utm_source=rss_feed Thu, 10 May 2012 16:00:00 +0000 Call it the Monte Carlo of the Orient, or Las Vegas of the East. Macau's gaming revenue reached a record 267.8 billion patacas last year, up 42 per cent year-on-year, and about six times of that of Las Vegas. Macau's residential property market has skyrocketed. So hot was the market that the government imposed a special stamp duty last year to curb speculation. The cooling measure came into effect in June with a 20 per cent special stamp duty on residential properties resold within a year of... https://www.scmp.com/article/999843/game-investors?utm_source=rss_feed https://www.scmp.com/article/999843/game-investors?utm_source=rss_feed Wed, 02 May 2012 16:00:00 +0000 Hong Kong's railways have had a profound effect on the city's evolution into a modern metropolis. Wherever the rail lines go, population begins to shift and railway-related properties are especially sought after by homebuyers as they are usually backed by integrated planning and design. According to Ricacorp Properties, of the 87 private housing projects and 25,000 units for sale this year, five are partnerships with the MTR, which account for about 7,136 units, or 28 per cent of the total. ... https://www.scmp.com/article/999849/staying-track?utm_source=rss_feed https://www.scmp.com/article/999849/staying-track?utm_source=rss_feed Wed, 02 May 2012 16:00:00 +0000 Historically, The Peak has always been about exclusivity. Residents were privileged senior officials, diplomats and taipans of major 'Hongs' (trading companies). They were not only wealthy, but enjoyed supreme social status. But today, privilege gets a facelift. The former official residence of the Consulate General of France at 8 Pollock's Path has been bought by Ryoden Development for HK$580 million, with the market eagerly awaiting its new look. The former taipan house of Swire, at 53... https://www.scmp.com/article/999859/restoring-former-glory?utm_source=rss_feed https://www.scmp.com/article/999859/restoring-former-glory?utm_source=rss_feed Wed, 02 May 2012 16:00:00 +0000 Kai Tak has been earmarked as a huge multidimensional development next to Victoria Harbour since the airport relocated in Chek Lap Kok in 1998. There will be a new central business district with more than 20 million sq ft of office space. The first block of the Kai Tak government offices with about 540,000 sq ft of gross floor area is expected to be completed in 2013. Eleven government departments will eventually be there. The 17km Sha Tin to Central Link will bring the MTR network to the... https://www.scmp.com/article/999823/looking-future?utm_source=rss_feed https://www.scmp.com/article/999823/looking-future?utm_source=rss_feed Wed, 02 May 2012 16:00:00 +0000 Despite concerns about long-term issues facing the property market, prices of deluxe houses are strong across Hong Kong, as wealthy buyers scramble for rare properties in their search for dream homes to live in or for investment. Exclusive houses on The Peak and in Island South are not the only ones in demand. The search for luxurious living in town houses or detached houses extends to the New Territories, with projects such as Valais and St Andrews Place in Fanling, Legende Royale in Tai Po and... https://www.scmp.com/article/999316/dream-homes?utm_source=rss_feed https://www.scmp.com/article/999316/dream-homes?utm_source=rss_feed Thu, 26 Apr 2012 16:00:00 +0000 Homebuyers are being pampered with the ultimate in luxury from developers today, but a distinctive residence requires more than stunning architecture and high-grade interior provisions. Amazing clubhouse facilities and services rank among the top sales weapons for new residential developments. Developers are willing to spend hundreds of millions of dollars to build an opulent clubhouse for large-scale projects. Some may bring in international designers or architectural firms to increase the... https://www.scmp.com/article/996331/clubhouses-are-big-drawcard?utm_source=rss_feed https://www.scmp.com/article/996331/clubhouses-are-big-drawcard?utm_source=rss_feed Thu, 22 Mar 2012 16:00:00 +0000 Deepening economic woes in Europe are taking a toll on Hong Kong's office sector, with prime rents in core business districts edging down at a time when multinational companies are downsizing and moving to cheaper premises. Occupier demand for offices has weakened, particularly on Hong Kong Island, as local and foreign companies have put their expansion plans on hold. Retrenchment is especially serious in the financial and banking sector. Office leasing sentiment has been subdued since the... https://www.scmp.com/article/995590/downward-pressure-rents-worsen?utm_source=rss_feed https://www.scmp.com/article/995590/downward-pressure-rents-worsen?utm_source=rss_feed Thu, 15 Mar 2012 16:00:00 +0000 New business districts in decentralised locations across Hong Kong Island and Kowloon are springing up as a more cost-effective alternative to the traditional core Central area. Kowloon East, encompassing a growing number of commercial buildings in Kwun Tong and Kowloon Bay, has emerged as the top choice for many companies in recent years, including established banking, insurance and financial businesses. On the other side of Victoria Harbour, Hong Kong East is becoming a popular commercial... https://www.scmp.com/article/995588/alternatives-central-emerging?utm_source=rss_feed https://www.scmp.com/article/995588/alternatives-central-emerging?utm_source=rss_feed Thu, 15 Mar 2012 16:00:00 +0000 After a roller-coaster year for the local property sector, which was reined in by government policies to cool the market and global financial uncertainties, what are the prospects for 2012? Property agents estimate that developers released about 10,000 new flats in the primary market last year, and there are potentially 20,000 new units for sale this year. However, developers are expected to market new projects in phases and are unlikely to dump flats at discount prices. Luxury properties in... https://www.scmp.com/article/989305/year-caution?utm_source=rss_feed https://www.scmp.com/article/989305/year-caution?utm_source=rss_feed Thu, 05 Jan 2012 16:00:00 +0000 In stark contrast to the buoyancy at the start of the year, Hong Kong's red-hot residential market draws to a close with extreme caution as sales slump and prices fall. The decline in sales comes amid growing concerns about policy risks, availability of credit and mortgage rate hikes. The punitive special stamp duty of up to 15 per cent on homes bought and resold within 24 months, and the stiffer mortgage lending rules, especially for homes worth more than HK$6 million, have combined to put... https://www.scmp.com/article/988448/time-caution?utm_source=rss_feed https://www.scmp.com/article/988448/time-caution?utm_source=rss_feed Thu, 22 Dec 2011 16:00:00 +0000 Mid-Levels is a luxury residential district on Hong Kong Island that is popular with local and expatriate executives. With its proximity to the central business district and first-class schools, demand from locals and expatriates remains strong. 'When I first moved to the district, the main reason was that it was close to Central where I worked,' says Claudia Ma, a resident in Mid-Levels for 15 years. 'There's plenty of good restaurants in the nearby SoHo area, and you can walk easily to... https://www.scmp.com/article/987190/high-life?utm_source=rss_feed https://www.scmp.com/article/987190/high-life?utm_source=rss_feed Thu, 08 Dec 2011 16:00:00 +0000 Many people look to the second-hand market for homes in Mid-Levels, where there are many well-known buildings and probably the largest cluster of high-end residential properties on Hong Kong Island. From prime properties beneath The Peak, such as Dynasty Court and Clovelly Court, real estate extends eastwards and westwards. To the east there is Pacific Palisades by Sino Land, and to the west, one of the largest projects is The Belcher's by Shun Tak and Sun Hung Kai Properties. Estate agents say... https://www.scmp.com/article/987189/wait-and-see?utm_source=rss_feed https://www.scmp.com/article/987189/wait-and-see?utm_source=rss_feed Thu, 08 Dec 2011 16:00:00 +0000 As developers step up launches to attract home seekers with more reasonable pricing, new flats are being pitched at prices much closer to secondary market values rather than at a staggering 40-50 per cent premium. Attention is very much focused on the primary sales market, leaving the secondary market very quiet. In a bid to speed up sales, developers are raising commission fees payable to property agents. Compared to a normal 1 per cent commission for second-hand transactions, agents who... https://www.scmp.com/article/985805/excitingly-new?utm_source=rss_feed https://www.scmp.com/article/985805/excitingly-new?utm_source=rss_feed Thu, 24 Nov 2011 16:00:00 +0000 Prices of Hong Kong's homes are becoming more polarised, with a growing gap between luxury and mass market apartments, marked by the scarcity of land for high-end developments and government policies focused on boosting the supply of small flats. The government's rejection of a developer's attempt to trigger an auction for a piece of land in Kau To Shan, Sha Tin, is indicative that the administration does not want to sell valuable land at low prices. The 212,051 sqft site, with a developable... https://www.scmp.com/article/984448/mind-gap?utm_source=rss_feed https://www.scmp.com/article/984448/mind-gap?utm_source=rss_feed Thu, 10 Nov 2011 16:00:00 +0000 Macau's luxury residential market has experienced similar fortunes to Hong Kong's this year, with fewer transactions in the second half, a sharp turn from brisk trade at the start of the year. The brakes were put on the price rally after the Macau government introduced a special stamp duty to quell property speculation in April followed by tightened mortgage-lending limits for local and overseas homebuyers. Although transaction volumes have decreased markedly since, luxury home prices are... https://www.scmp.com/article/983658/cooling-down?utm_source=rss_feed https://www.scmp.com/article/983658/cooling-down?utm_source=rss_feed Wed, 02 Nov 2011 16:00:00 +0000 Undaunted by recent stock market volatility and weakened investor sentiment, and plagued by worries over the global economic outlook, local developers continue to sell new luxury homes at high prices, targeting cash-rich local and mainland buyers. K. Wah International has released its Marinella joint venture development in Shum Wan, Aberdeen, while Nan Fung Development is selling Winfield Building in Happy Valley. Marinella comprises six 36-storey blocks, offering 411 residential units including... https://www.scmp.com/article/983659/storeys-rich?utm_source=rss_feed https://www.scmp.com/article/983659/storeys-rich?utm_source=rss_feed Wed, 02 Nov 2011 16:00:00 +0000 Opinions are divided on the outlook for the luxury property sector in Hong Kong. Some experts believe that Chief Executive Donald Tsang Yam-kuen's annual policy address will indirectly benefit the luxury market, but others caution that external factors, such as the European debt crisis and the weak United States economy, could jolt the sector. As expected, Tsang's speech earlier this month focused on restarting the Home Ownership Scheme (HOS), which had been shelved for some years, for those ... https://www.scmp.com/article/983082/matter-opinion?utm_source=rss_feed https://www.scmp.com/article/983082/matter-opinion?utm_source=rss_feed Thu, 27 Oct 2011 16:00:00 +0000 With China's growth one of the few bright spots in the global economy, Beijing's residential property market remains steady with strong buying and leasing demand, although transaction volumes have contracted in recent months due to stricter rules on second and third-home purchases. Average luxury home prices in Beijing saw an 18 per cent rise in the first eight months, according to Alan Chiang Sheung-lai, head of residential for Greater China at DTZ, but he notes that average monthly... https://www.scmp.com/article/981786/growing-strong?utm_source=rss_feed https://www.scmp.com/article/981786/growing-strong?utm_source=rss_feed Thu, 13 Oct 2011 16:00:00 +0000 The potential for serviced apartments and hotels has led to the emergence of chain operations, with a growing trend to shift their focus to Sheung Wan and Western. Smaller serviced apartments in the boutique-style category have sprung up offering studios and one-bedroom suites to budget-conscious tenants. Hotels also offer more long-stay room packages. As location remains one of the key considerations, projects in close proximity to areas in Central and conveniently connected by transport are... https://www.scmp.com/article/981844/boutique-operators-branch-out?utm_source=rss_feed https://www.scmp.com/article/981844/boutique-operators-branch-out?utm_source=rss_feed Thu, 13 Oct 2011 16:00:00 +0000 Strong leasing demand from domestic and overseas companies has bolstered office rents in major mainland cities. However, there are concerns about an increase in new supply this year and next. Among the new office towers scheduled for completion in Beijing this year are Jiaming Centre, Central Point, CITIC Security Tower, Indigo and Xidan Kenzo. In Shanghai, new supply includes ICC phase one, Shanghai IFC phase two, Tai Ping Financial Centre, Eco City, SOHO Century Avenue, SML Centre, Oriental... https://www.scmp.com/article/980536/rents-are-rising-occasion?utm_source=rss_feed https://www.scmp.com/article/980536/rents-are-rising-occasion?utm_source=rss_feed Thu, 29 Sep 2011 16:00:00 +0000 The local office market has performed robustly this year with strong leasing activity. However, occupiers' sentiment appears to have weakened, with more economic woes in Europe and the United States. Leasing activities have slowed in the past couple of months on low vacancy rates and a lack of office space was partly to blame for the reduction in take-up. But landlords are still positive about sustained demand for prime offices. Dave Siu Wing-koon, general manager (office leasing) at Harbour... https://www.scmp.com/article/980537/demand-drives-prices?utm_source=rss_feed https://www.scmp.com/article/980537/demand-drives-prices?utm_source=rss_feed Thu, 29 Sep 2011 16:00:00 +0000 Mounting concern about the weakness of the global economy is not deterring bullish Hong Kong property developers. Major developers have turned in strong interim results this year, reflecting higher residential prices and brisk sales activity in an overheated market benefiting from the solid local economy and the rising appetite of mainland buyers for Hong Kong's luxury homes. They also remain confident about the future and have pledged to step up sales campaigns. Blue-chip developer... https://www.scmp.com/article/979125/profits-soar?utm_source=rss_feed https://www.scmp.com/article/979125/profits-soar?utm_source=rss_feed Thu, 15 Sep 2011 16:00:00 +0000 With uncertainties in the United States and Europe hanging over financial markets, Vice-Premier Li Keqiang's announcement of policies designed to help Hong Kong's economy provided a timely tonic for the city and its property market. The policies include the launch of an exchange-traded fund mechanism which allows individual mainland investors to invest directly in Hong Kong equities, a 20 billion yuan (HK$24.4 billion) qualified foreign institutional investors quota for Hong Kong... https://www.scmp.com/article/977781/policies-lift-sector?utm_source=rss_feed https://www.scmp.com/article/977781/policies-lift-sector?utm_source=rss_feed Thu, 01 Sep 2011 16:00:00 +0000 Despite the uncertainties in the real estate market this year, one type of property has been selling extremely well: 'hip' luxury properties in traditional districts. Two of the most popular projects are brands by major developers, Kerry Properties and Sun Hung Kai Properties. Following the success of SOHO 38, which has sold all units except a top floor penthouse with a roof garden, Kerry Properties launched SOHO 189 at Queen's Road East, with the nightlife at SoHo just a stone's throw... https://www.scmp.com/article/976509/hip-investors?utm_source=rss_feed https://www.scmp.com/article/976509/hip-investors?utm_source=rss_feed Thu, 18 Aug 2011 16:00:00 +0000 Residents are looking for more than comfort and style from luxury homes and serviced apartments. What also makes a difference is professional, quality personal care and services that encompass everything from shopping and dining tips to keeping fit, and even how to get on with your pets. At Chi Residences, the operator, CHI International, offers handy guide books, including the Pet Guide and Health Guide, that advise its guests how to cope with their pets' everyday needs, and how to... https://www.scmp.com/article/974777/tenants-can-do-it-book-handy-guides?utm_source=rss_feed https://www.scmp.com/article/974777/tenants-can-do-it-book-handy-guides?utm_source=rss_feed Thu, 28 Jul 2011 16:00:00 +0000 Luxury residential leasing interest in central Mid-Levels continues to gain pace, with an increasing number of expatriates arriving in Hong Kong and a tight supply of available properties in the traditional luxury neighbourhood. Landlords have remained firm in asking for high rents, thanks to strong demand, and property consultants expect luxury rentals to increase further, unaffected by a softening of buying sentiment in the high-end sector. Victor Chong, assistant associate director of... https://www.scmp.com/article/974781/demand-outstrips-supply?utm_source=rss_feed https://www.scmp.com/article/974781/demand-outstrips-supply?utm_source=rss_feed Thu, 28 Jul 2011 16:00:00 +0000 Late last month, Sun Hung Kai Properties' (SHKP) Imperial Cullinan finally received government consent for sale after months of soft marketing. Since the start of sales, the West Kowloon development has dominated the market with strong demand and premium prices, well above those for other prime properties near Olympic station. By the middle of this month, about HK$5 billion worth of apartments had been sold. SHKP used a premium pricing strategy for Imperial Cullinan, with the first batch of 60... https://www.scmp.com/article/974094/premium-living?utm_source=rss_feed https://www.scmp.com/article/974094/premium-living?utm_source=rss_feed Thu, 21 Jul 2011 16:00:00 +0000 With recent changes in global and local financial climates, mortgage experts say property buyers and owners should prepare better for the risk of higher interest rates and possible increases in mortgage outlays in the medium term. At present, a HIBOR-based mortgage is the most popular scheme for homebuyers because of the extraordinarily low mortgage rates it offers. But some major banks, including HSBC, Bank of China and Standard Chartered, have raised rates of their HIBOR-based plans over... https://www.scmp.com/article/972810/interesting-outlook?utm_source=rss_feed https://www.scmp.com/article/972810/interesting-outlook?utm_source=rss_feed Thu, 07 Jul 2011 16:00:00 +0000 Although quality projects on the mainland are still popular, experts are cautious about the prospect, as there are no signs of a loosening of policies and the central government looks eager to suppress inflation with further credit control initiatives. Not only is the financing of developers being restricted, homebuyers are also faced with higher interest rates for mortgages. Alan Chiang, director at DTZ, says demand for luxury homes in Shanghai remains positive with strong sales recorded for... https://www.scmp.com/article/971486/keeping-tight-rein?utm_source=rss_feed https://www.scmp.com/article/971486/keeping-tight-rein?utm_source=rss_feed Thu, 23 Jun 2011 16:00:00 +0000 The government's auction season continued on May 12. This time it was a little different as the three sites were all suitable for developing luxury properties. Despite concerns that mortgage rates might be on the rise, bidding was fierce, with almost all major developers taking part, pushing winning prices well beyond present levels. The biggest and most high-profile plot was the 158,229 sqft former Lingnan College site in Stubbs Road, Mid-Levels East, a traditional luxury area. After an... https://www.scmp.com/article/968834/sites-set-luxury?utm_source=rss_feed https://www.scmp.com/article/968834/sites-set-luxury?utm_source=rss_feed Thu, 26 May 2011 16:00:00 +0000 Signature Homes, the luxury residential leasing arm of real estate giant Sun Hung Kai Properties, is looking to the future with a huge sense of optimism. A market leader in premium living with a strong portfolio of deluxe residential properties in prestigious Hong Kong locations, the company is celebrating its 10th anniversary this year. It pledges to enrich its offerings by upgrading existing residences and adding new luxury homes for discerning tenants. Mavis Kang, general manager of... https://www.scmp.com/article/968232/property-firms-ambitious-plans?utm_source=rss_feed https://www.scmp.com/article/968232/property-firms-ambitious-plans?utm_source=rss_feed Thu, 19 May 2011 16:00:00 +0000 A cape on the tip of Kowloon peninsula pointing towards Victoria Harbour, Tsim Sha Tsui is without doubt the most popular tourist hub in metropolitan Hong Kong. Although luxury residential property is limited, it is difficult to miss The Masterpiece, jointly developed by New World Development and the Urban Renewal Authority. The skyscraper comprises 345 flats, ranging from 816 to 5,260 sqft, and a shopping mall called K-11. In 2009, a 4,088 sqft flat at The Masterpiece fetched as much as... https://www.scmp.com/article/968000/pride-kowloon?utm_source=rss_feed https://www.scmp.com/article/968000/pride-kowloon?utm_source=rss_feed Tue, 17 May 2011 16:00:00 +0000 SoHo is a fashionable nightlife and entertainment district. The contrast between the past and present enriches the area, with aged commercial-residential blocks and modern apartments intermingled in the streetscape. Clara Chu, director of residential leasing at Colliers International, says: 'Expatriates, especially singles and couples, love SoHo very much. They don't mind moving into old buildings so long as the interior is well-maintained and tastefully decorated. Convenience is the key. SoHo... https://www.scmp.com/article/968003/good-vibes?utm_source=rss_feed https://www.scmp.com/article/968003/good-vibes?utm_source=rss_feed Tue, 17 May 2011 16:00:00 +0000 The proposed Sha Tin to Central Link, an extension of the East Rail line, will run from Tai Wai to Hunghom. It will further strengthen East Kowloon's connections with the New Territories and other parts of the Kowloon peninsula, with stations in Tai Wai, Diamond Hill, Kai Tak, To Kwa Wan, Ho Man Tin and Hunghom. https://www.scmp.com/article/967979/through-train?utm_source=rss_feed https://www.scmp.com/article/967979/through-train?utm_source=rss_feed Tue, 17 May 2011 16:00:00 +0000