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The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.
Bunny Chan, who is a deputy to the National People’s Congress, and Paggy Chan, are the new owners of Twenty One Whitfield.
The seller of the flat is An Zhifu, president of Sichuan-based Fulin Group.
Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.
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‘We expect Hong Kong home prices to be up 5 per cent in 2025,’ says Praveen Choudhary of Morgan Stanley.
Companies receive support from city’s Office for Attracting Strategic Enterprises.
The latest purchase from ‘Cassette King’ Chan increases DBS’s ownership to 11 floors in what was once the world’s most expensive tower.
Chen Zhuolin, chairman of Agile Group, sold a second flat in three months as fire-sales continue in city’s property market.
Home purchases by mainland buyers surged 69 per cent in the first nine months of the year, accounting for nearly a quarter of transactions.
Total transactions in Hong Kong’s property market could end the year with the highest volume since 2021, Centaline forecasts.
Lender joins four other foreign banks with right to provide custody services to onshore funds domiciled in mainland China.
In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.
The jump in cases is ‘no cause for concern’ as the repayment ability of Hong Kong owners remains stable, a local mortgage broker says.
The agricultural property in Australia is three times the size of Hong Kong.
Development costs, poor returns may be holding back developers from URA joint ventures, analysts say.
Hong Kong home foreclosures will remain elevated in fourth quarter: Centaline.
Developers will remain conservative in their bidding until they see stronger signs of recovery in the housing market, consultants say.
‘Nearly half of our Gen Z respondents prioritise saving for short-term goals, often linked to enjoying life,’ survey shows.
Two big deals recorded in Mid-Levels, another one on the books in Happy Valley.
Site STTL 625, which has an area of 5,652 square metres, can support a total of 570 units.
Leung warns of potential housing oversupply from new projects, urging careful demand estimation and financial planning to avoid issues.
Moody’s says office and retail property segments are likely to remain under pressure.
Double Coast I will be priced at a 3 per cent discount to the levels seen in Twin Victoria in Kai Tak last month.
Jehovah’s Witnesses group has sold 16 units in Tseung Kwan O since July – 11 of them after banks cut interest rates in September.
The litany of projects that Cheng oversaw as CEO of New World made the company one of the city’s most indebted property developers.
The winner is to surrender 20 per cent of the floor space to the government to ensure its financial viability, instead of 30 per cent; plot ratio reduced to lessen cost.
Buyers from the mainland accounted for 7,575 primary and secondary property transactions in the first eight months of the year.
Li Ka-shing’s flagship developer has priced the first batch of flats at an average of HK$21,526 per square foot, below the HK$28,000 development cost.
In the third quarter, commercial real estate investment volume rose 22.6 per cent quarter on quarter to US$1.28 billion, CBRE said.
The government is monitoring market sentiment and will continue to release land strategically to meet housing needs, development minister says.
