Property 

Hong Kong’s homebuyers snap up Billion Development’s Aurora flats in Tsuen Wan, attracted by lowest prices in neighbourhood

Hong Kong buyers snapped up every flat for sale in Tsuen Wan, delivering a second successful weekend for the developer that offered the project at one of the lowest prices in the district.Billion Development & Project Management sold all 216 apartments offered in the second batch of The Aurora complex, sales agents said. Last weekend, the developer sold all 354 units in one day, after selling them at a price that’s 10 per cent cheaper than the nearest project in the neighbourhood.“Flat demand… Source link

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Buyers shrug off Hong Kong rallies to snap up Aurora flats in Tsuen Wan, offered at 10 per cent discount to the neighbourhood

Homebuyers shrugged off a downpour and Hong Kong’s 11th week of street protests to snap up the flats offered at a discount by Billion Development & Project Management in Tsuen Wan.Billion sold 300 flats, or 85 per cent of the 354 available units on offer at The Aurora as at 5pm, sales agents said, adding that they expect the project to sell out by the end of the day.Prices at The Aurora start at HK$3.81 million (US$485,720), or HK$17,558 per square foot, for a 217-square foot (20 square metre)… Source…

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Billion Development prices Tsuen Wan project at 10pc discount to lived-in homes as Hong Kong’s property market reels from protests

Billion Development and Project Management on Tuesday released the first batch of flats at its Tsuen Wan project at discounts of up to 10 per cent to rates prevailing in the district, in the first sign that two months of unrest in Hong Kong is having an impact on property prices.The Hong Kong builder unveiled 238 flats at the 840-unit The Aurora in the western New Territories, even as sales of secondary homes dropped to a nine-month low, with 48 deals concluded last week, according to a report… Source link

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Hong Kong government-funded home sells for record HK$9 million in Shau Kei Wan

A 650 sq ft apartment in Hong Kong’s Shau Kei Wan neighbourhood has sold for HK$9 million (US$1.15 million), according to the city’s Housing Authority, making it the city’s most expensive second-hand government-funded residential unit.The three-bedroom apartment in Tung Yuk Court broke a record set by a similar sized unit in the same estate that sold for HK$8.93 million in May last year.“Nothing can dampen Hongkongers’ demand for a home, unless supplies are boosted by a large amount,” said… Source link

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Singapore 

Expect higher MRT fares: Khaw Boon Wan, Singapore News

The recent improvement in rail reliability has come at “substantial expense” to the operators and the Government, Transport Minister Khaw Boon Wan told Parliament yesterday as he signalled that commuters will soon need to pay higher fares to foot the bill. With the rail operators posting losses and the Government subsidising more than 30 per cent of public transport operations, Mr Khaw said that the next fare formula, due for a review in four years, needs to reflect the increased costs of operating the MRT system. Mr Khaw said the…

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Vietnam 

Hotel Ease · Tsuen Wan becomes the first B Corp™ hotel in Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Redefining Success in Business, Creating Value for Employees, Communities and the Environment   HONG KONG, CHINA – Media OutReach – 24 June 2019 – Stan Group (Holdings) Limited (“Stan Group”) announced that Hotel Ease · Tsuen Wan, a member of Tang’s Living Group, has become a Certified B Corporation® (B Corp™), also the first Hotel in Asia to receive the certification.   Hotel Ease · Tsuen Wan becomes the first B Corp™ hotel in Asia. B Corporation Certification is a recognition of the extraordinary performance of Hotel Ease · Tsuen Wan in creating shared value for the environment and…

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Hong Kong developer Henderson sells 76 out of 100 units at Cheung Sha Wan project without offering discounts

Hong Kong developer Henderson Land sold 76 out of the 100 units on offer at The Addition, a new residential project in Cheung Sha Wan, on Tuesday, without offering a discount on the selling price.The apartments, ranging from 220-277 sq ft in size, sold at an average selling price of HK$21,055 (US$2,683) per square foot. Most units were going for between HK$5 million and HK$6 million. Most apartments sold on Tuesday, the first day of sales, were one and two-bedroom units.Interest in the property… Source link

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Singapore 

Khaw Boon Wan makes surprise visit to MGS to thank young well-wishers, Singapore News

SINGAPORE – Seven-year-old children were among the well-wishers who sent Transport Minister Khaw Boon Wan messages of encouragement when he was hospitalised for a fractured left arm. In a Facebook post on Wednesday (March 27), Mr Khaw, 66, said the youngsters, Primary 1 pupils from Methodist Girls’ School (MGS), had made personalised get-well cards for him. The colourful cards warmed his heart, the Sembawang GRC MP said. “It shows that the students have learnt to have empathy and be caring,” he added. Many well-wishers had helped ease his suffering with…

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Singapore 

‘I am going #home!’: Khaw Boon Wan discharged one week after arm surgery, Singapore News

SINGAPORE – Transport Minister Khaw Boon Wan was discharged on Friday (March 8) after undergoing surgery for a fractured arm. “I am going #home today!” Mr Khaw said in a Facebook post on the same day. Mr Khaw, 66, had been warded in Singapore General Hospital and underwent surgery last Friday. The Prime Minister’s Office (PMO) said on Feb 25 that Mr Khaw would be on extended medical leave after fracturing his left arm in a fall the week before. Mr Khaw would resume his duties as Transport Minister when…

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Singapore 

Khaw Boon Wan undergoes 3-hour surgery on fractured left arm, Singapore News

SINGAPORE – Transport Minister Khaw Boon Wan is recovering in hospital after undergoing surgery on his fractured left arm on Friday morning (March 1). In a Facebook post on Friday, Mr Khaw, 66, said that he went into the operating theatre at 8am and came out at 11am. “The operation was uneventful,” he said. He added that he had started fasting the night before his surgery and so he felt hungry, adding: “I suppose that’s a good sign.” Mr Khaw, who is on extended medical leave and currently warded at…

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