Real Estate

HK's leading property developer fetch two lots at HK$7.61 billion

Cheung Kong, Hong Kong's leading property developer of the city's richest man Li Ka-shing, on Tuesday successfully bid for two residential sites for a total of 7.61 billion HK dollars ($979.53 million), with the final price of both lots higher tha...

Hong Kong's Henderson relaunches 39 Conduit Road

bperry Asia Property Report 17.08.2010
Hong Kong's Henderson relaunches 39 Conduit Road

Hong Kong’s Henderson Land Development, currently under investigation by the government about the sales of luxury units at its 39 Conduit Road development, is set to relaunch the project, the South China Morning Post has reported.

Hong Kong developers fall on government's home-price curbs

Developers fell in Hong Kong trading after the government tightened mortgage lending rules and said it will increase the supply of land to help cool surging home prices.

Hong Kong Government to Supply More Land, Target Mortgages to Avert Bubble

Kelvin Wong and Sophie Leung 13.08.2010
Hong Kong Government to Supply More Land, Target Mortgages to Avert Bubble

Hong Kong will tighten mortgage lending rules and increase the supply of land as the government intensifies a campaign to suppress what Financial Secretary John Tsang called a “rare” gain in home prices.

Henderson to Sell Flats at Hong Kong Project Under Probe

Hong Kong billionaire Lee Shau-kee’s Henderson Land Development Co. plans to sell 10 new apartments at the luxury development where the cancellation of sales worth HK$2.67 billion ($342 million) sparked an investigation by authorities.

Hong Kong government urged to release more land

A DAB legislator, Starry Lee, has warned that aspiring home buyers will become increasingly frustrated if nothing is done about what she called Hong Kong's "sizzling hot property market".

Fund targets Hong Kong retail bonanza

A private equity fund is opening a high- end shopping center in Causeway Bay to take advantage of Hong Kong's reputation as a shopper's paradise.

Hong Kong home prices unrealistic, bank warns mortgage seekers

Property prices can be seen as "slightly unrealistic" and some would-be homebuyers might not get the mortgage loans they seek, Hang Seng Bank (0011) warned yesterday.

HSBC Says Hong Kong at Risk of Property Bubble

Susan Li and Kelvin Wong 03.08.2010
HSBC Says Hong Kong at Risk of Property Bubble

Hong Kong risks a property bubble if home prices keep rising, said Peter Wong, HSBC Holdings Plc’s chief executive officer for the Asia-Pacific region.

Story behind Hong Kong's record land auction

Craig Stephen MarketWatch 02.08.2010
Story behind Hong Kong's record land auction

Commentary: Don't be fooled by developers' deep pockets

Site in Hong Kong's Peak Sells for $1.33 Billion

Joyce Li The Wall Street Journal 28.07.2010
Site in Hong Kong's Peak Sells for $1.33 Billion

A rare luxury residential site in Hong Kong's upmarket Peak district was sold at a government auction Wednesday for 10.4 billion Hong Kong dollars (US$1.34 billion), in line with market expectations, the latest sign the city's robust property mark...

Hong Kong Government May Sell Peak Property for $1.35 Billion in Auction

Hong Kong’s government may sell a building site in the Peak district for HK$10.5 billion ($1.35 billion) in an auction tomorrow, underscoring demand for high- end properties in the city.

Possible rise in currency lures foreigners to China's realty market

China's property market has seen soaring investment from foreign institutional investors, driven by strong expectations of renminbi appreciation this year.

HK Luxury Home Prices to Rise in Second Half, Jones Lang LaSalle Says

The value of Hong Kong luxury homes may gain 10 percent in the second half as the outcome of next week’s auction of a building site in the Peak area could bolster investors’ sentiment, according to Jones Lang LaSalle Inc.

Sales frenzy at Larvotto in Hong Kong

bperry Asia Property Report 21.07.2010
Sales frenzy at Larvotto in Hong Kong

Buyers snapped up 92 units at an average of HK$40 million (US$5.14 million) in Sun Hung Kai Properties’ Larvotto development in Island South, Hong Kong over last weekend. The developer, which is the biggest in the world by market value, will conse...

Sun Hung Kai to Sell 50 More Flats Following Demand

Sun Hung Kai Properties Ltd., the world’s biggest developer by market value, will put another 50 luxury apartments up for sale in Hong Kong after buyers snapped up all 92 flats in a first batch of flats over the weekend.

Hong Kong to Showcase at MIPIM Asia 2010

Reed MIDEM today announces that the Development Bureau of the Hong Kong SAR Government will showcase major development projects, including the Kai Tak Development, during MIPIM Asia 2010, Hong Kong, November 10-12.

Hong Kong property giant Henderson Land 'welcomes' police probe

One of the giants of Hong Kong's property market said Thursday it was cooperating with a police investigation into the collapsed sale of what was billed as the world's priciest flat.

HK government passes letters to legislature over controversial luxury home sales

The Lands Department of the Hong Kong government on Monday passed to the city's Legislative Council Secretariat all nine letters which the department had sent to Hong Kong's major developer Henderson Land over its luxurious home sales from March 1...

HK restricts buyers to one flat under new policy

Under a new policy, buyers will only be able to purchase one flat and will not be permitted to resell the unit before its completion date.

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