The weekend property market in Hong Kong generally showed an upward trend in transactions across the ten major housing estates.

The new housing project, which was earlier delayed in its launch, has resumed its sales strategy. DOUBLE COAST III in Kai Tak released its price list last Saturday (6th), initially offering 105 units with discounted prices starting from HKD 4.191 million and discounted per square foot prices starting at HKD 16,660. Additionally, transactions were recorded over the past weekend for projects such as Forte in North Point, Kai Tak Bay, and The Pavilia Kowloon Mid-Levels. In the secondary housing market, sales of the top ten residential estates have generally shown an upward trend, with trading volumes across the four major real estate agencies ranging between 8 to 12 deals. The project is a collaboration involving Wheelock Properties, Henderson Land (00012.HK), China Overseas Land & Investment (00688.HK), and New World Development (00017.HK).

AASTOCKS10:13

K Wah Group and its chairman, Lui Yau-tung, have jointly donated HK$10 million to support those affected by the fire at Hong Fuk Court.

A severe fire incident occurred yesterday (August 26) at Po Hong Court in Tai Po. K Wah Group announced a donation of HKD 10 million, of which HKD 7 million was contributed by K Wah Group and HKD 3 million was donated personally by the group’s chairman, Lui Yau-tong, to provide immediate financial assistance to families affected by the fire. The group expressed its deep condolences to the residents who perished in the fire and the firefighter who lost his life in duty, and extended sincere sympathies to the affected residents and their families. Chairman Lui Yau-tong stated that while fires are merciless, humanity is full of compassion. Upon learning about the fire at Po Hong Court in Tai Po, which left many citizens homeless, he felt deeply saddened. The group hopes that through this donation, it can immediately provide support to those in need.

AASTOCKSNov 27 14:06

UBS Group report: Hong Kong's property market is at a turning point, with an expected recovery within 3 to 5 years.

Although the anticipated increase in property prices is not expected to be as robust as in the previous cycle (2003-2018), it is believed that prices could return to their 2021 peak within 3 to 5 years.

Zhitong FinanceNov 24 12:08

The residential land site at Wing Shun Street in Tsuen Wan, Hong Kong, has received four bids so far, with K Wah and Cheung Kong submitting their tenders.

The tender for the residential government land at Wing Shun Street in Tsuen Wan will close today (August 14). As of 11 a.m., four bids have been submitted, including from K Wah International (00173.HK) and Cheung Kong Property (01113.HK). Irene Yuen Zi Wei, Director of Development and Leasing (Hong Kong Properties) at K Wah International, stated that there is relatively limited land supply in the Tsuen Wan district, coupled with convenient transportation and a favorable location of the site. The company has submitted a bid independently, emphasizing that their offer will be based on financial considerations. The plot is located at the junction of Wing Shun Street and Texaco Road, near the Maritime Square and Tsuen Wan Sports Centre. The site area is approximately 70,000 square feet, with a buildable gross floor area of nearly 435,000 square feet.

AASTOCKSNov 14 11:01

3 Asian Penny Stocks With Market Caps Over US$2B

Yahoo FinanceNov 11 13:05

Kai Tak Bay has raised prices to HKD 19,000 per square foot in its latest launch. Some remaining units at Golden Bay have been repriced upwards, with additional sea-view units also being released.

Cathay Pacific (00173.HK), in partnership with Wheelock Properties and China Overseas Land & Investment (00688.HK), has launched a new phase of units at the Kai Tak Bay project last night (October 10), comprising 102 units. The discounted prices start from approximately HKD 4.918 million, with an average discounted price per square foot of about HKD 18,995, reflecting a price increase of approximately 5.2% compared to the previous batch. Sun Rise International's large-scale waterfront project in Tuen Mun, Golden Bay series, has recorded transactions for 57 units to date, generating over HKD 340 million in sales. Golden Bay released an updated price list today (October 11), increasing prices by approximately 1% to 4% for some unsold units across two phases, and launched the second-phase price list and tender units for 'Perch on the Bay,' which include...

AASTOCKSNov 11 11:43