The mortgage loan amount reaches 110% of the appraisal value. Cao Deming expects this will help address issues related to price adjustments that prevented some cases from being approved.

Last week, it was rumored that a private mortgage company was offering alternative high loan-to-value mortgage plans for owners of designated properties, with loan amounts being 110% of the valuation or 90% of the purchase price, whichever is lower. The plan is applicable to buyers applying for construction period payments for contracts signed from 2021 to 2023. The Chief Vice President of Mortgage Referral, Tsao Tak-Ming, mentioned that the newly launched mortgage plan can assist buyers who purchased presale properties at high prices a few years ago and opted for construction period payments. It addresses the current issue of declining property prices, where insufficient valuations have hindered the ability to raise an additional down payment for mortgage approval, while also providing diversification for buyers of presale properties who are in need.

AASTOCKSJan 20 17:32

Market Chatter: Chinachem to Sell 40 Units in Hong Kong Luxury Project After Lunar New Year

MT NewswiresJan 17 11:17

"Kowloon Cargo Warehouse" reconstruction project approved for the construction of 6 residential and commercial buildings. Sun Hung Kai Properties (00083.HK) is set to build 24 luxury homes on Lantau Island.

The Buildings Department announced that nine building plans were approved last November, including two in Hong Kong Island, three in Kowloon, and four in the New Territories. The approved plans include two residential and mixed-use developments, four commercial developments, and three community service developments. In addition, WHARF HOLDINGS (00004.HK) Holds the latest approved revised plans for the Kwun Tong Kai Hing Road No. 1 to 5 Kowloon Warehouse redevelopment project, which is being developed by Wheelock Properties. The project is permitted to construct six mixed-use buildings. The total residential floor area that can be built is approximately 0.8226 million square feet, along with 6,458 square feet of non-residential floor area. The latest proposal compared to the 2011 approved scheme of six 29-story buildings with two levels of basement, shows residential floor levels.

AASTOCKSJan 17 09:21

The luxury property St. George's Mansions in Ho Man Tin was sold for 85 million Hong Kong dollars for a three-bedroom unit.

The luxurious residential project St. George's Mansions in Ho Man Tin, developed in collaboration by Sun Hung Kai Properties (00083.HK) and CLP Holdings (00002.HK), has recently sold unit 17B on the 17th floor. This unit consists of three bedrooms and has a usable area of approximately 1,841 square feet, with a Fill Price of 85 million HKD, resulting in a price per square foot of around 46,171 HKD. The project has sold a total of 34 units since last October, amounting to nearly 2.3 billion HKD, with the developers revealing that many have been purchased by large families. In total, 102 units have been sold, with a total transaction amount exceeding 8.8 billion HKD.

AASTOCKSJan 16 09:26

Gao Li: It is expected that Hong Kong's property prices will remain stable in the first half of the year.

According to Gao Li, Hong Kong property prices are expected to remain stable in the first half of 2025.

Zhitong FinanceJan 15 17:14

At "Hoi Ying Shan" near Wong Chuk Hang Station in "Hong Lau", over 1,100 votes were received, approximately 16 times oversubscribed.

The "Horizon Hill" project above Wong Chuk Hang Station, a collaboration between KERRY PPT (00683.HK), SINO LAND (00083.HK), SWIREPROPERTIES (01972.HK), and MTR (00066.HK), has received over 1,100 votes, with an oversubscription of about 16 times. Among the registered interested customers, approximately 70% are from Hong Kong Island, mainly from the Southern District and Central & Western District, but there are also customers from Kowloon and the New Territories wanting to purchase the project. Additionally, investors and end-users account for a similar proportion. The developers further stated that since the opening of the demonstration unit of the project, there have been over 5,000 visitors to date.

AASTOCKSJan 13 13:53