{"id":25041,"date":"2016-09-05T14:37:17","date_gmt":"2016-09-05T07:37:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/1000-apartments-hit-the-hk-market-in-only-one-day\/"},"modified":"2016-09-05T14:43:55","modified_gmt":"2016-09-05T07:43:55","slug":"1000-apartments-hit-the-hk-market-in-only-one-day","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1000-apartments-hit-the-hk-market-in-only-one-day\/","title":{"rendered":"1,000 apartments hit the HK market in only one day"},"content":{"rendered":"


\nIs the Hong Kong market regaining strength?
\nAerial view of the construction site at the old Hong Kong Kai Tak airport where new public housing and entertainment centers will be built by 2021. Ronnie Chua \/ Shutterstock
\nMore than a thousand new apartments went on the market in Hong Kong on Saturday, the most listings ever offered in a single day since 2013, the South China Morning Post reports.
\nChinachem Group placed the largest number of units up for sale, offering 535 apartments in The Papillions development in Tseung Kwan O at prices ranging from HKD10,608 (USD1,400) to HKD14,112 (USD1,800) per square foot. China Overseas Land & Investment, on the other hand, listed 300 units of its One Kai Tak development in the former airport, with discounted prices ranging from HKD12,741 (USD1,600) to HKD15,562 (USD2,000) per square foot.
\nMore: Berlin: the new hot city for Hong Kong investors
\nAccording to Louis Chan Wing-kit, Centaline Property Asia-Pacific residential chief executive, the offerings mark \u201cthe first time that new developments have attracted such a strong interest among home buyers in Hong Kong.\u201d He noted that more than 140 units in The Papillions had been sold by mid-Saturday.
\nMidland Realty projected residential sales this month in Hong Kong to reach 2,700 units. Chan is more optimistic, expecting 3,200 units to be moved this month. \u201cDue to the Brexit and the prospect that the Federal Reserve is unlikely to raise interest rates until the end of the year, investors have been losing confidence in the Hong Kong dollar, which has prompted their enthusiasm for real estate investments,\u201d he said.
\nThe Sales of First-hand Residential Properties Authority recorded sales of 2,490 units last month.
\nRead next: Hong Kong\u2019s luxury market will fall, but how much?
\n
\nSource : property-report.com
\nRead more…1,000 apartments hit the HK market in only one day<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Is the Hong Kong market regaining strength? Aerial view of the construction site at the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-25041","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6vT","jetpack-related-posts":[{"id":23923,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-sets-price-range-of-hk15080-to-hk18418-psf-on-one-kai-tak-apartments\/","url_meta":{"origin":25041,"position":0},"title":"Hong Kong sets price range of HK$15,080 to HK$18,418 psf on One Kai Tak apartments","date":"August 25, 2016","format":false,"excerpt":"\r China Overseas Land & Investment Co., said it will sell the One Kai Tak apartments in Hong Kong\u2019s former airport at a price range of HK$15,080 and HK$18,418 per square foot, higher than what real estate agents are expecting for the neighbourhood.\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39701,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-land-raises-kai-tak-apartment-prices-by-20-per-cent\/","url_meta":{"origin":25041,"position":1},"title":"China Overseas Land raises Kai Tak apartment prices by 20 per cent","date":"January 5, 2017","format":false,"excerpt":"\r China Overseas Land & Investment (Coli) has raised the sale price of its latest apartments by 20 per cent on average, setting an aggressive and discordant tone during an election year with the Hong Kong government\u2019s pledge to make housing more affordable. The first 125 units of One Kai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/poly-to-offer-smallest-units-in-kai-tak-at-just-228-sq-ft\/","url_meta":{"origin":25041,"position":2},"title":"Poly to offer smallest units in Kai Tak, at just 228 sq ft","date":"March 15, 2017","format":false,"excerpt":"\r Poly Property Group, the Hong Kong-listed arm of state-owned China Poly Group, is set to offer the smallest flats in the fast-developing Kai Tak area, the site of the city\u2019s former airport. Sales of its residential development there, Vibe Centro, are expected to kick off as early as next\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43508,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/k-wah-international-prices-k-city-at-kai-tak-above-taikoo-shing\/","url_meta":{"origin":25041,"position":3},"title":"K Wah International prices K. City at Kai Tak above Taikoo Shing","date":"February 9, 2017","format":false,"excerpt":"\r K Wah International has launched the second residential development to go on sale at Kai Tak, the site of Hong Kong\u2019s former airport, with units priced 24 per cent higher than the debut project six months ago. K Wah on Thursday released the price list for the first batch\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-spurn-latest-batch-of-flats-in-kai-tak-after-temporary-housing-plan-at-former-airport-unveiled\/","url_meta":{"origin":25041,"position":4},"title":"Hong Kong homebuyers spurn latest batch of flats in Kai Tak after temporary housing plan at former airport unveiled","date":"March 17, 2023","format":false,"excerpt":"\r Hong Kong homebuyers steered clear of 111 flats on offer at Wheelock Properties \u2019s development at Kai Tak, the first project to be launched there since the government announced plans to build temporary housing units on the site of the city\u2019s former airport.\r \r Source : South China Morning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/just-who-are-buying-the-kai-tak-residential-units\/","url_meta":{"origin":25041,"position":5},"title":"Just who are buying the Kai Tak residential units?","date":"April 12, 2017","format":false,"excerpt":"\r Home prices in Hong Kong have hit an all-time high, with many buyers left having to play a guessing game on what might trigger the next property buying frenzy. One Hong Kong developer to have reaped HK$7 billion in property sales from the recent launch of its residential project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25041"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=25041"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=25041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=25041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=25041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}