In this month, the Nam Cheong station of "Harbour Tower" has recorded a total of 24 rental transactions, while the Tung Chung area has only recorded 50 transactions, which is somewhat weak.

Benefiting from strong demand from high talent and local families, the residential rental market has been quickly absorbed by the market. Che Ki-yuan from Hong Kong Property stated that the Nam Cheong Station Royal Pinnacle has recorded 24 rental transactions this month. A very low-rise open unit in Block 2B of the estate, with a usable area of about 272 square feet, has a view of the city towards the northeast. The owner rented it out for 0.0165 million yuan, and after about a week, received inquiries from a local single tenant. After negotiation, it was rented out for 0.0152 million yuan, with a usable rent of about 55.9 yuan per square foot. Cheung Kwok-ping from Hong Kong Property indicated that an open unit on the very high floor of Kai Tak Apartment, with a usable area of about 216 square feet, has a mountain view. The owner rented it out for about 0.0148 million yuan and received inquiries from a single tenant from another district just 3 days later.

AASTOCKSDec 19 13:32

Express News | Yingli Co., Ltd.: Increased investment of 80 million yuan in its holding subsidiary Nam Cheong Yingli.

BreakingsDec 13 16:11

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Singapore Business ReviewDec 11 10:07

In multiple regions, 'Hong Kong Towers' recorded significant losses on second-hand transactions. The owner of the property at Nam Cheong Station, Huixi, has faced an almost 27% loss on the books after holding the property for about 5 years.

Recently, Midland Realty facilitated a transaction of a one-bedroom unit at The Harvest at Nam Cheong Station, with the buyer entering the market at HKD 6.35 million, a depreciation of about 27% since 2019. The aforementioned transaction unit is in Block 5B, Lower Floor J of The Harvest at Nam Cheong Station, with a usable area of approximately 346 square feet, comprising one bedroom and an effective price per square foot of around HKD 18,353. According to the reference transaction data, the original owner purchased the property mentioned above for HKD 8.688 million in 2019, holding it for about 5 years, resulting in a nominal loss of about HKD 2.338 million, or about 26.9%. The New Territories also recorded transactions at a loss. Among them, Centaline Property facilitated the first transaction of this month at Ma On Shan Seaview Gardens, for a unit in Block 4.

AASTOCKSDec 5 11:58

Express News | Nam Cheong Municipal People's Government signed a strategic framework agreement with Hainan Airlines Group.

BreakingsDec 5 10:35

Express News | nam cheong Tourism Group Co., Ltd. Former Director Li Ming is under disciplinary review and supervision investigation.

BreakingsDec 2 16:25