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Weekend Property

Weekend Property
The latest news, analysis and opinion on Weekend Property. In-depth analysis, industry insights and expert opinion.
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Diplomacy

China ships collide during clash with Philippine vessel at Scarborough Shoal

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Philippine coastguard video released on Monday appeared to show a Chinese coastguard vessel and a PLA Navy ship colliding near the disputed Scarborough Shoal. A Chinese statement on Monday made no mention of a collision. Photo: Philippine Coast Guard

Trending in China

Chinese man spends US$120,000 on 300-year gym membership, then owner vanishes

A man in China spent US$120,000 on 300-years-worth of gym memberships and coaching lessons, then discovered that the outlet’s management had disappeared with his money. Photo: SCMP composite/Shutterstock/Sina

Military

Explainer | What do we know about the collision between 2 Chinese ships?

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The Chinese coastguard ship appeared to suffer extensive damage in the incident. Photo: Philippines coastguard

Military

China releases rare footage of DF-100 cruise missile to deter US

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In 2019, China unveiled its DF-100 cruise missiles during a parade. In the past week the public has gained a rare glimpse of the weapon via a PLA documentary aired on state media. Photo: AP

Military

Taiwan unveils ‘carrier killer’ plans in bid to deter mainland Chinese forces

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Analysts say Taiwan’s Hsiung Feng missiles are not enough to counter the PLA Navy. Photo: AFP
Potential buyers at the sales office of Uni Residence at AIA Kowloon Tower in Kwun Tong. Photo: Edmond So
Hong Kong property

Tepid sales at Uni Residence as competition heats up in new home market

The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.

Hong Kong property

Hong Kong property giant SHKP sells out second batch of Sierra Sea flats

Hong Kong property

Investors pile into Hong Kong’s largest housing project since 1999

Hong Kong property

Hong Kong’s weekend property sales soar to 4-month high after stamp duty cuts

Henderson’s Eight Southpark, Wang On’s Coasto, and Kerry’s Hava see strong sales following the recent reduction in stamp duties.

Potential buyers at the sales office of the Hava residential project by Kerry Properties. Photo: Edmond So
Hong Kong property

Hong Kong developers’ flat sales fizzle out as buyers retreat

Only five of the 136 flats at Pano Harbour sold as of 5pm, and five units out of 20 at State Pavilia.

Hong Kong property

Hong Kong posts second sell-out weekend with Kerry’s Hava flats

All 250 units of Hava project, on offer at an average price of HK$10,658 per square foot, were sold out as of 4.30pm.

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Hong Kong property

NWD sells out State Pavilia flats on offer amid ‘attractive’ pricing

As of 6.22pm, New World Development sold out all of the 168 units on offer this weekend at its latest residential project in North Point.

Potential buyers form a long queue at the Quarry Bay sales office for New World Development’s State Pavilia project in North Point. Photo: Edmond So
Hong Kong property

Homebuyers snap up flats at Wang On’s 101 King’s Road project amid market revival

Located at 101 King’s Road, near Fortress Hill MTR station, the project offers one-to-three-bedroom flats from 244 sq ft to 434 sq ft.

Hong Kong property

Hong Kong homebuyers give the cold shoulder to New World-led Pavilia Forest II

Pavilia Forest II recorded only one sale as of 5pm on Saturday, while Double Coast I found buyers for 20 units out of 58 flats on offer.

Hong Kong property

Buyers swarm Hong Kong’s biggest home sales weekend in 6 months

Buyers snapped up more than 300 of 504 new flats across Blue Coast II in Wong Chuk Hang and Cullinan Sky in Kai Tak on Saturday.

Homebuyers queued for the Blue Coast ll apartments at Fortune Metropolis in Hung Hom on 19 October 2024. Photo: Jonathan Wong
Hong Kong property

Sun Hung Kai’s Cullinan Sky sees another weekend of brisk sales

Quantitative easing and a slew of economic stimulus measures from Beijing have increased buyer confidence, agents say.

Potential homebuyers look at a model of the Cullinan Sky Phase 1 at Sun Hung Kai showroom. Photo: Handout
Hong Kong property

Hong Kong developer Lai Sun’s property project lapped up by buyers

Buyers flock to Lai Sun’s The Parkland in Yuen Long, snapping up nearly all units amid rate cuts and stock market gains, boosting market confidence.

Hong Kong property

Buyers keen on Wang On project in Quarry Bay, with pricing lower than 2021

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 cut prices.

Hong Kong property

Uppland flats reverse Hong Kong sales flops with prices at 8-year low

Early Light priced its new project in the New Territories at an eight-year low, reflecting how Hong Kong’s developers are deploying low-price strategies to entice buyers amid a slump in transactions.

4
Property buyers for Tuen Mun’s The Uppland apartments flock to the sales office of Early Light International at the Regal Kowloon Hotel in Tsim Sha Tsui on July 20, 2024. Photo: Edmond So
Hong Kong property

Hong Kong homebuyers ignore 12% discount at Kai Tak’s Miami Quay flats

The woeful result shows how Hong Kong’s developers have to make deep cuts to their catalogue prices to clear their inventory of unsold homes, as investors and owner-dwellers alike have retreated.

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Potential buyers looked at a model of Miami Quay at the developers’ sales room at The Gateway in Tsim Sha Tsui on 18 September 2022. Photo: Dickson Lee
Hong Kong property

Big discounts drive new home sales at SHKP project as buyer sentiment improves

SHKP’s Novo Land phase 3B sold 135 of 160 units on offer on Saturday, but 30 units at Continental’s Amber Place in Cheung Sha Wan went unsold.

Hong Kong property

Buyers shun new flats in Tseung Kwan O, as Hong Kong home sales slow

Home purchases in Hong Kong are slowing down after an initial spate of enthusiasm sparked by the government’s rollback of cooling measures in February.

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Hong Kong property

Wheelock’s Park Seasons flats find buyers as discounts ease rate fears

Some analysts have expressed concern that buyers may hesitate to purchase homes should the rate cut not materialise this year.

Buyers of Wheelock Properties’ Park Seasons flats at the Lohas Park in Tseung Kwan O on April 20, 2024. Photo: Handout
Hong Kong property

CK Asset launches second batch of Blue Coast project to warm reception

A total of 130, or 70 per cent, of the 184 units on offer were sold on Saturday, according to sales agents.

Hong Kong property

Hong Kong buyers pile into CK Asset’s Blue Coast flats on discounts

The launch of Blue Coast marks the biggest residential offering since the city government removed property curbs and relaxed its mortgage policies in February.

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Hong Kong property

CK Asset releases third price list for Blue Coast, sets stage for weekend sales

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.

The prices for the 174 units have risen in response to the market’s enthusiastic response, says Justin Chiu Kwok-hung, CK Asset’s executive director. Photo: Jonathan Wong
Hong Kong property

Hong Kong homebuyers flock to Wheelock’s Seasons Place in Tseung Kwan O

Wheelock Properties sold 120 units of the first batch of 368 units on offer at Seasons Place on Saturday.

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Potential home buyers line up for Wheelock Properties’ Seasons Place as it kicks off its first round of sales for 368 units on Saturday at the sales office in Tsim Sha Tsui. Photo: SCMP / Yik Yeung-man
Hong Kong property

Buyers snap up new flats in Kowloon Bay project as curb-free market rebounds

Some 238 of the 336 units available in the first batch at Uptown East in Kowloon Bay, worth about US$179 million, found buyers as of 6pm on Sunday, in a sign that the removal of all market-cooling measures has revived demand in Hong Kong.

Hong Kong property

Explainer | With Hong Kong’s property curbs over, keep an eye out for these 5 projects

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.

Hong Kong property

Buyers opt for cheaper homes in Hong Kong’s first 2024 weekend sales

Buyers snapped up nearly 60 per cent of 165 units on offer at the Phoenext project in Wong Tai Sin, while shunning more expensive flats at KT Marina.

The site of Phoenext in Wong Tai Sin. Photo: Google
Hong Kong property

Smaller Hong Kong builders use discounts to offload flats before Lunar New Year

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’s Elize Park project in Hong Kong’s Mong Kok East. Photo: Handout
Banking & finance

SHKP tops Hong Kong’s home sales in 2023 as deals hit a 33-year low

Sun Hung Kai Properties (SHKP) topped the city’s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world’s most expensive property markets.

Hong Kong property

SHKP sells 86 per cent of new flats on offer amid homebuyer optimism

Yoho West’s sales have met property agents’ estimate of more than 80 percent of units, signifying strong purchasing power in the city.

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