Residential Property
The Arch Sun Tower properties, Whitesands House 23 in Lantau Island on sale via tender
The public tender will close on 23 September.
Projected private flat supply in HK reduced by 3,000 units
About 19,000 units in completed projects remain unsold as of the end of June.
Gov’t approves 14 building plans in May
The approved plans are for residential, industrial, commercial, and community service developments.
Public housing rents to rise 10% starting 1 October
Increases could be as low as HK$49 to HK$572.
Gov’t announces land resumption and acquisition for Tai Po housing development
Over 1,600 sq.m. will be resumed and acquired.
Dubai-based rental startup Colife expands operations in Hong Kong
By 2025, Colife will offer 300 apartments across the city.
Residential property sales in April reach decade-high at 8,500 units
The increase was due to the withdrawal of cooling measures.
Over 5,800 apply for light public housing
About 4,440 units will begin to be rolled out in Q1 2025.
Y.X blends work and play with VR gaming and study spaces at Y83
Y83 is the first student accommodation in Hong Kong to include a VR gaming area.
Gov’t addresses food waste recycling bin disruption
The government requested an incident report within seven days to prevent recurrence.
Property sales suffer 25.5% MoM decline in May.
Year-on-year, however, sales rose 39.3%.
Gov't resumes land acquisition for Hung Shui Kiu/Ha Tsuen NDA
The acquisition includes 1,460 sqm of land occupied by 27 graves and 23 urns.
Scrapping of cooling measures fails to lift housing market
The volume of residential transactions over $50m in February fell 28.6%, MOM.
Gov’t approves 15 building plans in March
Six of the projects will provide 57,290 sq.m. of gross floor area for domestic use.
Govt receives 7 land applications for land sharing scheme
The applications can yield 32,000+ flats and 23,000+ public housing units.
Lai Sun sells mid-levels apartments for $28m
It boasts a total saleable area of approximately 5,338 square feet.
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