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Weekend Property

The poor weekend home sales of Pavilia Forest II appear to cloud the outlook for the city’s property sector. Photo: Dickson Lee

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.

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

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

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.

Lai Sun Development put 98 units on sale at The Parkland residential project on Sunday. Photo: Jonathan Wong

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.

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.

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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

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.

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.

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

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.

Prospective homebuyers gathered at CK Asset’s sales office in in Hung Hom to wait for the results of the Blue Coast lottery. Photo: SCMP/ Xiaomei Chen

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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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.

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

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.

Buyers line up inside the Tsuen Wan sales office of the Uptown East residential project in Kowloon Bay on March 17, 2024. Photo: May Tse

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.

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.

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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

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.

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.

Sun Hung Kai’s biggest weekend sale since 2022 pays off on back of strong demand

About 90 per cent of flats on offer this weekend at Yoho West, a joint project between SHKP and MTR Corp, are expected to be sold, according to agency estimates.

People in a queue check out the price list for flats on offer at Sun Hung Kai Properties’ Yoho West project at the company’s sales office inside the V Walk shopping centre in Sham Shui Po on December 2, 2023. Photo: Xiaomei Chen

SHKP prices Yoho West at 6-year low, readies for biggest launch since July 2022

Sun Hung Kai Properties, 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.

The logo of Sun Hung Kai Properties at its headquarters in Hong Kong. Photo: Felix Wong

Hong Kong sees sluggish weekend property sales in Kai Tak and Aberdeen

Residential projects KT Marina in Kai Tak and SouthSky in Aberdeen saw buyers snap up only 92 units of a combined 303 flats on sale on Saturday.

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Developers entice Hong Kong homebuyers with discounts in weekend sale bonanza

Most of the new units on Saturday came from Villa Garda III in Tseung Kwan O, which sold 73 of the 138 put up for sale.

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Thousands queue for flats as discounts aid Hong Kong’s ailing property sector

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.

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About 3,700 would-be buyers visited the sales office this morning, according to Justin Chiu, CK Asset’s executive director. Photo: SCMP Handout

Hong Kong home builders hasten sales launches as pipeline builds

The developers behind Villa Garda III housing project in Hong Kong have hastened its sales campaign, releasing its first price list at discounts in response to the renewed buying interest sparked by CK Asset’s successful launch.

General view of Lohas Park in Tseung Kwan O. Photo: Sun Yeung

CK Asset announces prices for new Coast Line phase after strong weekend sales

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 Saturday.

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CK Asset’s Yau Tong launch sells out as crowds thronged show room

Hong Kong’s powerful guild of property developers allayed fears of a price war in the home market.

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Weekend Property
The latest news, analysis and opinion on Weekend Property. In-depth analysis, industry insights and expert opinion.
last updated:
2 October, 2024
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