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Hong Kong protests fail to dampen demand for micro flats as T-Plus project in Tuen Mun sells 245 out of 344 units

The allure of a property “bargain” in Hong Kong may be stronger than concerns about the recent social unrest that has rocked the city if sales of tiny, heavily discounted, flats at a major project in Tuen Mun today were anything to go by.By 6pm on Sunday, 245 of the 344 units on offer at T-Plus had been bought, making it the largest weekend property sale since the huge rallies against the government’s proposed extradition bill began last month. Sales are set to continue until 11pm and resume on… Source…

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Property 

Homebuyers give their collective cold shoulder to new flats in Tuen Mun, Tai Po as persistent protest rallies weigh on sentiments

Hong Kong’s property buyers gave their collective cold shoulder to the biggest sale of new homes in a month, picking up just over 30 per cent the 442 new flats on offer, as sentiments stayed downbeat amid protest rallies that have persisted since early June.Wing Tai Properties sold 23 of the 110 flats at its OMA OMA project in Tuen Mun as of 9pm, according to sales agents. China Overseas Land & Investment sold 111 of 332 units on offer at The Regent in Tai Po, with a total contracted…

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Property 

Developers set to unleash 817 flats in the biggest weekend sale since extradition bill protests rocked Hong Kong

Property sales are back in full swing. Six developers are selling 817 units, including Hong Kong’s smallest flat, in the biggest weekend sale since protests against the controversial extradition bill started in early June.Louis Chan, vice-chairman of Asia-Pacific and chief executive of residential division at Centaline Property Agency, said market sentiment has improved as tensions have eased between the US and China after the G20 summit and anticipation that possible interest rate cuts by the… Source link

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Hong Kong’s public rental flats no longer the bargain they once were as private sector prices spill over

Buying a lived-in public rental home used to be a cheaper option for Hongkongers wanting to get onto the city’s famously steep property ladder.That may not be the case for much longer as soaring prices in the private sector spill over to government-subsidised homes.On Tuesday, the market was shocked when a 598 square foot , three-bedroom flat on the Fung Tak Estate in Wong Tai Sin, Kowloon, sold for HK$5.26 million (US$674,000), or HK$8,795 per square foot, making it the most expensive former… Source link

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Singapore 

Fire breaks out in Ang Mo Kio, smoke seen rising above HDB flats, Singapore News

SINGAPORE – A fire broke out in Ang Mo Kio on Friday afternoon (July 5), with smoke billowing above nearby Housing Board flats. In a Facebook post at 4.42pm, the Singapore Civil Defence Force (SCDF) said that the fire broke out at Block 720 Ang Mo Kio Avenue 6. Mr Matthew Ng, 18, told The Straits Times that he saw smoke coming from the area at around 3.50pm. The smoke could be seen from the student’s home in Ang Mo Kio Central 3 and had dissipated slightly by 4.15pm, he…

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Prices of micro flats at T-Plus in Tuen Mun slashed by 38 per cent as developer looks to lure back buyers

The developer of a micro flat project in Hong Kong has cut the price of flats that are smaller than a car parking space by 38 per cent, after managing to sell only two units during the initial launch in December.Prices were unveiled on Thursday for 36 flats at the T-Plus project in Tuen Mun, jointly developed by ­Jiayuan International Group and Stan Group,starting at HK$1.73 million (US$222,200), which makes it the cheapest property in the city since CK Asset Holdings sold 165 sq ft units at… Source link

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Singapore 

HDB SBF & ROF – complete guide to applying for Sale of Balance flats, Lifestyle, Singapore News

With HDB BTOs, it’s a leap of faith. All you really need to do is to choose your preferred location and flat size. HDB provides just the generic map, so you just have to hope that it’ll live up to your expectations. But with the SBF, HDB provides a ton of information, right down to the block number (so you know exactly where it is), unit number (so you know which floor it’s on), and the ethnic quota (so you know whether you got chance or not). Plus each batch…

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CK Asset sells 44 per cent of flats during weekend sale at Shanghai residential project as location, price controls draw buyers

Beijing’s policy of imposing curbs on how much developers can charge for homes has helped ignite sales, especially on the upper end of the market, as buyers snapped up nearly 500 units of a prime project in Shanghai at prices 10 per cent lower than a similar project.The sale, which took place at CK Asset Holdings’ project Upper West Shanghai, bodes well for other prime projects with artificially low prices, analysts said.CK Asset, which has two projects underway in Shanghai, netted 4.3 billion… Source link

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Vanke to sell 251 flats in Tuen Mun on Sunday, defying downbeat mood amid trade war, street protests and rising rates

The Hong Kong unit of China’s most valuable property developer said it is putting 251 flats up for sale this Sunday, in a defiant launch against downbeat sentiments amid a worsening US-China trade war and the city’s biggest street protests in two decades.Vanke Property (Hong Kong) will sell 251 units of its Grand Le Pont apartments in Tuen Mun this Sunday in the latest phase of its launch, with prices in the fourth catalogue starting from HK$4.66 million for a 353-square foot unit to HK$9.3… Source link

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Property 

Noise-reducing balconies and large storage spaces do not deter Hong Kong buyers seeking flats under Home Ownership Scheme

Unusual features such as noise-reducing balconies and large storage rooms in government-built homes have not dampened interest in the latest batch of subsidised flats, even though they take up floor space and cost hundreds of thousands of dollars.The features, designed to cope with noise levels on estates built near major roads, included balconies that took up as much as 10 per cent of the internal floor space and storage rooms as big as kitchens.The city’s largest provider of public housing… Source link

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