MTR CORPORATION (00066) News

Hong Kong Property: Road King (01098.HK) Sells a Duplex Unit at The Apex, Wong Chuk Hang Station, for HK$55 Million, Achieving HK$42,800 per Square Foot

Luk Yuen (01098.HK), in partnership with MTR Corporation (00066.HK), developed The Southside, a new residential project atop Wong Chuk Hang Station. Yesterday (the 10th), Unit C on the 41st and 42nd floors of Tower 1A—a four-bedroom en suite duplex penthouse with sea views—was sold via tender together with a parking space. The unit spans 1,285 sq ft of interior space and includes a 367 sq ft rooftop terrace, offering views over Aberdeen Marina. The transaction price was HK$55 million, equating to HK$42,802 per sq ft. Yan Jingfeng, General Manager of Sales and Marketing at Luk Yuen, noted that supply in traditional luxury residential districts on Hong Kong Island has always been limited, and with expectations of interest rate cuts gradually materializing, capital flowing back into the market, and the wealth effect continuing to unfold,

AASTOCKSJun 11 15:39

MTR Issues EUR3 Billion of Green Bonds

MT NewswiresJun 11 11:51

New Launch: Midland Realty reports that Phase 4B of The Holborn in Wong Chuk Hang is priced at market-competitive levels, with investors expected to account for approximately 40% of buyers.

The Phase 4B of The Holborn in Wong Chuk Hang, jointly developed by Kerry Properties (00683.HK), Sun Hung Kai Properties (00083.HK), Swire Properties (01972.HK), and MTR Corporation (00066.HK), has launched its first batch of 75 units, with the first price list offering units at a discounted price starting from approximately HK$27,545 per square foot. Andrew Bullock, Senior Director of Midland Realty, noted that the project benefits from convenient rail connectivity and strong rental potential, making it attractive to both owner-occupiers and long-term investors. He added that the earlier tender sales generated solid market response, and given the competitively priced initial launch units and the continuously improving property market sentiment, investors are expected to account for as much as 40% of buyers.

AASTOCKSJun 10 15:43

Central China: The launch pricing for Phase 4B of Hai Ying Shan in Wong Chuk Hang remains relatively restrained, and subscription demand is expected to be exceptionally strong.

Phase 4B of The Holborn in Wong Chuk Hang, jointly developed by Kerry Properties (00683.HK), Sun Hung Kai Properties (00083.HK), Swire Properties (01972.HK), and MTR Corporation (00066.HK), launched its first price list today (10th), comprising 75 two-bedroom units. Li Wei, Chief Executive Director of Mid-Levels West at Centaline Property, stated that the project’s average discounted price per square foot is HK$29,448, comparable to the initial pricing of recent South Island Line developments. The primary market has been highly active recently with strong buyer demand. The project benefits from a prime location directly above Wong Chuk Hang Station, and railway-linked developments on Hong Kong Island have historically faced limited supply. Additionally, buyers can opt for immediate occupancy as it is a completed development, allowing for instant move-in or immediate

AASTOCKSJun 10 15:39

New Launch: Phase 4B of The Holborn at Wong Chuk Hang offers 75 units for initial sale, with discounted prices starting from HK$13.427 million.

Phase 4B of The Holborn at Wong Chuk Hang, jointly developed by Kerry Properties (00683.HK), Sun Hung Kai Properties (00083.HK), Swire Properties (01972.HK), and MTR Corporation (00066.HK), has officially launched its first price list, comprising 75 units. Discounted prices start from HK$27,545 per square foot, with discounted unit prices starting from HK$13.427 million. The initial price list includes 50 two-bedroom units with open-plan kitchens and 25 standard two-bedroom units, with usable areas ranging from 484 to 546 square feet. The lowest-priced unit is Unit D on the 6th floor of Block 1 (1B), offering a usable area of 484 square feet and configured as a two-bedroom unit with an open-plan kitchen.

AASTOCKSJun 10 15:08

Chan Mei-bao: The government currently has no plans to build another high-speed rail station.

Secretary for Transport and Logistics Ada Chan stated that Hong Kong's West Kowloon Station is equipped with 15 platforms, of which 10 are currently in operation, sufficiently meeting operational demands. At this stage, the government has no plans to construct another high-speed rail station. The government and MTR Corporation (00066.HK) will continue closely monitoring the operations and passenger volumes of the Hong Kong section of the high-speed rail and West Kowloon Station, and will periodically review and optimize supporting facilities at the station and its border checkpoint. This includes enhancing the layout of ticketing and waiting areas, retail outlets, seating, and other amenities within the station, as well as timely expansion of direct destinations in response to developments in China’s national high-speed rail network, in order to meet passenger needs and support the long-term development of high-speed rail services. She added that, in terms of operations, MTR has consistently maintained close

AASTOCKSJun 10 14:06

MTR Corporation (00066.HK) has distributed 71,000 complimentary rides and shopping vouchers worth a total of HK$7.1 million.

To celebrate the 29th anniversary of the establishment of the Hong Kong Special Administrative Region, MTR Corporation (00066.HK) will distribute 71,000 complimentary local single-journey tickets on July 1 this year and offer free rides for children as well as half-fare discounts for students and senior citizens on the Airport Express. In addition, MTR-operated shopping malls will give away 22,200 shopping vouchers worth a total of HK$7.1 million and launch spending reward promotions to enhance customers’ shopping experience and enable the public to enjoy pleasant travel.

AASTOCKSJun 9 12:04

New Launch: A three-bedroom unit with en suite bathrooms at The Pavilia Farm III in Tai Wai was purchased by a mainland Chinese buyer for HK$24.14 million, setting a new record for similar units.

The Parc Oasis III development in Tai Wai, jointly developed by Sun Hung Kai Properties (00017.HK) and MTR Corporation (00066.HK), sold another unit yesterday (8th). The unit, located on the 32nd floor of Block 8 (8A), is a three-bedroom unit with an en-suite bathroom and a utility room, offering expansive views of the internal garden. It has a saleable area of 847 square feet and was sold for HK$24.14 million, setting a new record price for comparable units, at HK$28,501 per square foot. According to sources, after comparing multiple new developments across various districts, mainland buyers ultimately favored this project due to its prime location directly above Tai Wai MTR Station, which offers extensive transport connectivity and features a large shopping mall—a combination rarely found in the market. The relaunch of the Parc Oasis series

AASTOCKSJun 9 10:07

CLSA expects that offshore investment regulations will negatively impact Hong Kong property demand by 2% to 3%, and forecasts housing price growth to slow to 5% next year.

Lyon published a report estimating that mainland China's newly introduced regulations on outbound investment could negatively impact Hong Kong’s overall housing demand by 2% to 3%. However, the firm believes that stabilizing conditions in the mainland property market will increase the conversion rate of inflows of mainland talent into homebuying demand, thereby offsetting the aforementioned regulatory impact and the potential effects of U.S. interest rate hikes. The report notes that the new mainland regulations on outbound investment cover individual investors, although specific implementation details have not yet been formulated; the firm considers real estate not to be a primary focus of regulation. Lyon estimates that buyers without Hong Kong identity cards account for a high single-digit percentage of total transaction volumes in Hong Kong, and market sentiment could affect one-third of these transactions.

AASTOCKSJun 8 11:00

The government will not implement the 'HK$2 for 20% off' fare subsidy scheme with a monthly cap of 240 trips.

Secretary for Labour and Welfare Sun Yuk-han announced that the new arrangement under the $2 Concession Scheme—commonly known as the 'Two-Dollar, Two-Tenth Discount' scheme—was successfully implemented on April 3 this year and has been operating smoothly since. After reviewing the latest data following the scheme's implementation, the government has decided not to introduce a proposed monthly cap of 240 journeys under the $2 Concession Scheme. He noted that some persons with disabilities require more transfers than the general public to reach the same destination, and a limit of 240 journeys per month might be insufficient for them. Data reviewed showed that, from May last year to April this year, only about 450 beneficiaries on average per month took more than 240 subsidised journeys, representing a small fraction of the total 2.7 million scheme beneficiaries.

AASTOCKSJun 5 16:32

Reports indicate that the Labour and Welfare Bureau will not implement the 'HK$2 fare with 20% discount' scheme, which would have capped monthly trips at 240.

Starting April 3 this year, the Elderly $2 Public Transport Concession Scheme will be replaced by a new fare structure offering a flat fare of HK$2 or a 20% discount, whichever is lower. The originally planned second phase—imposing a monthly cap of 240 subsidized rides—was scheduled for implementation in April next year. Local media reports, citing sources, indicate that the Labour and Welfare Bureau has decided not to proceed with the second phase capping monthly subsidized rides at 240, and will provide reasons for this decision shortly.

AASTOCKSJun 5 15:33

King Tse-pui elected as new Chairman of the Hong Kong General Chamber of Commerce; will focus on three core priorities

Jin Zepei expressed strong confidence in Hong Kong's economic development, noting that despite global economic challenges in recent years, the local business community has demonstrated remarkable resilience and adaptability.

Zhitong FinanceJun 4 09:20

《Major Brokerage》Bank of America Securities lowers target prices for Sun Hung Kai Properties (00016.HK) and Wharf Holdings (00004.HK), citing policy uncertainty dampening demand for luxury residential properties.

Bank of America Securities issued a report noting that while mainland China's new outbound investment guidelines are not directly targeted at real estate, they could increase the difficulty and delays associated with capital outflows, potentially tightening liquidity in the Hong Kong market and dampening buyers’ price expectations—particularly affecting high-value property transactions. The report expects home price growth to moderate for the remainder of this year, maintaining its full-year forecast of approximately a 10% increase, but considers expectations of a 15% or more aggressive rise unlikely to materialize. In light of this uncertainty, the firm has downgraded the target prices of three Hong Kong property stocks. Sun Hung Kai Properties (00016.HK) has had its target price reduced by 6% to HK$136, reflecting uncertain demand for luxury residential properties.

AASTOCKSJun 3 12:27

New Launch: Phase I of Seaside Palazzo at LOHAS Park Relaunches with 128 Units, Starting Price from HK$5.9338 Million after Discounts

Sincere Property (00083.HK), Kerry Properties (00683.HK), K Wah International (00173.HK), China Merchants Land (00978.HK), and MTR Corporation (00066.HK) have jointly launched an additional 128 units at The Millennia in LOHAS Park Phase I. This includes 68 two-bedroom sea-view units and 8 garden-terrace specialty units. On the same day, the developers uploaded the sales arrangements, with sales opening this Saturday (the 6th). The latest price list covers 9 one-bedroom units (with open-plan kitchens), 68 two-bedroom units (with open-plan kitchens), 43 two-bedroom plus study units (with open-plan kitchens), and 8 terrace specialty units. A maximum discount of 15% has been deducted.

AASTOCKSJun 3 09:41

Statistics: Last month, there were 30 cancellations of new residential property transactions in Hong Kong, down 36% from the previous month. Kai Tak Horizon's Kai Bo Summit I accounted for nine cases, ranking first.

According to internal statistics from 28Hse, Hong Kong’s primary residential market recorded 30 terminated sale and purchase agreements in May this year, down by 17 cases—or 36.2% month-on-month—from 47 cases in April. Based on disclosed transaction records, the total forfeited deposits in May amounted to approximately HK$30.223 million, a 28% decline from HK$41.9801 million in April. By development, LOHAS Park's Kai Pak Fai I recorded the highest number of terminated transactions during the month, with nine cases, resulting in total forfeited deposits of approximately HK$6.4293 million—accounting for about 21.3% of the total forfeited deposits across the entire primary market—and ranking first among all new developments. MIAMI in Kai Tak…

AASTOCKSJun 2 17:46

Hong Kong Property: Ouen in Kowloon Tong launches additional 26 duplex luxury units and flat-level mansions; transactions at the ten major housing estates remained in double digits over the past weekend.

Over the past weekend, Hong Kong saw no new property launches, yet transactions remained steady. In Kowloon Tong, The Austin added 26 luxury units—comprising three duplexes and 23 flat-level residences—to its offering, with tenders for 56 units set to open this Thursday (4th). Separately, the fourth sales round of The Quays in Tsuen Wan has once again sold out all listed units. In the secondary market, the ten major housing estates recorded double-digit transaction volumes over the weekend, ranging between 12 and 14 deals. New World Development (HKEX: 00017) updated the sales arrangements yesterday (May 31) for The Austin in Kowloon Tong, adding 26 luxury units—including three duplexes and 23 flat-level residences—of which 12 are three-bedroom units and 1

AASTOCKSJun 1 10:02

Zhitong HKEX Shareholder Equity Disclosure | June 1

Hong Kong Stock Shareholder Equity Disclosure | June 1

Zhitong FinanceJun 1 08:05

MTR Stock Slips 1.6% in Hong Kong

Dow JonesMay 28 16:33

New Launch: Four Units at Seaside Palazzo in LOHAS Park Sold in a Single Day, Generating Over HK$38.67 Million in Proceeds

Yesterday (27th), four more units at The Millennity Bay, a joint development by Sun Hung Kai Properties (00083.HK), Kerry Properties (00683.HK), K Wah International (00173.HK), China Merchants Land (00978.HK), and MTR Corporation (00066.HK), were sold, raising over HK$386.7 million. Among these, the unit with the highest price per square foot was Unit A on the 50th floor of Block 2A, featuring a two-bedroom layout (with an open-plan kitchen) and a saleable area of 472 sq ft, which was sold for over HK$91.1 million, or HK$19,320 per sq ft. To date, Phase I of The Millennity Bay has sold a total of 750 units, generating cumulative proceeds exceeding HK$6.6 billion.

AASTOCKSMay 28 09:50

MTR (MTRJF) Gets a Sell From UBS

TipRanksMay 28 08:31 · Ratings