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Olympic Station / Tai Kok Tsui, Kowloon


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#41 Traineeinvestor

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Posted 08 August 2014 - 04:03 AM

I would probably go with the "neither nor" option.

 

People who own and use a car in HK are strongly motivated by convenience - even a small degree of physical separation from where they park the car and where they live is a big issue for many of them.



#42 DrBubb

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Posted 09 August 2014 - 05:29 AM

Better to live somewhere where you rarely, if ever, need a car.

 

It's worth paying a bit extra for that convenience IMHO.

 

That's one of the reasons I like Olympic, the transport connections are good for most places:

And especially to Central, and to the airport.

And you get that, at a reasonable price.

(within two years or so, the connection to the XRL should be added.

And that will be within walking distance, or an easy cab ride.)


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#43 DrBubb

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Posted 09 August 2014 - 12:37 PM

Pushing up to test the highs

 

TKT-PkA_zpseff5cf00.png

 

TKT-TLB_zps0a71ce5b.png

 

TKT-Mhv_zps8c4a7b7f.png

 

TKT-Cos_zps5690c81c.png

 

... and on Hong Kong Island

 

HKI-TKS_zps95aaf374.png


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#44 DrBubb

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Posted 10 September 2014 - 04:19 AM

Shops in Tai Kok Tsui block go on the block
 
Two shops at Lime Stardom, Tai Kok Tsui, are to be sold by tender with a reserve price of HK$120 million. 
. . .
It translates to a unit price of HK$24,610 per square foot. The 2,836- and 2,041-square-foot ground-floor stores, at the corner of Larch Street and Fir Street, are expected to fetch a monthly rent of more than HK$250,000 in total, or HK$52 psf. Rental yield is about 2.5 percent.
 
They belong to the three-story retail portion of Sun Hung Kai Properties' (0016) single-block residential project Lime Stardom completed in late 2011. The Hong Kong Children's Choir is the current tenant of the second and third floors, which were sold in 2012 for HK$150 million, or HK$5,949 per square foot.
 
Sharon Fong Wing-ching, deputy senior director of investment at sales agent Savills, said the district has several redevelopment projects, including new residential buildings such as Park Ivy and Park Summit by Sino Land (0083), while a new hotel across the street will also be completed by 2017.
==
 
Wow.
A 4X premium for the First floor !

The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#45 DrBubb

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Posted 20 October 2014 - 06:35 AM

Nam Cheong may become a new Mecca for singles, and couples (DINK's)

Maybe someone should start a nightclub, or singles bars nearby

 

 

The Rush into small flats
 
"Developers Squeeze out Tiny Flats" - SCMP headline
"Small is beautiful as builders rush to tap into the lucrative market after soaring rents
and home prices force shift from bigger luxury projects"
+ Many Launches: Cheung Kong (165.sf, MtV.1), Henderson (High Pl.,166.sf), CK(177.sf,MtV.2)
+ Rising rents are forcing people into tiny flats
+ Flats below 430.sf rose by 6%, from $4.9mn, to $5.2mn, in 5 mos to August
+ As more and more small flats are built, it is become less easy to rent larger flats
+ The new trend is a reversal of an earlier trend of selling large flats (1,000sf+) to mainlander buyers
+ Developers have decided that small flats can earn more, and carry less risk
+ It is also easier for buyers to get mortgages on small flats - often up to 90%
 
SHKP will be launching many more tiny flats at Nam Cheong, starting from 165.sf living space
+ Planned to be 3,400 units
+ The 165sf. excludes kitchens, balconies, utilities, partition walls,
+ So studios will be 300 sf, and 1-BR flats about 400 sf
+ SHKP has also applied to convert four projects in NE NT to smaller units
 
One person households will account for up to 18% of the HK population in 10 years,
compared with 15.2% in 1981.  And 2-person households are expected to rise from :
25% (2011) to 29% (2012)

=


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#46 DrBubb

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Posted 10 January 2015 - 04:29 AM

2015-17 : we are now in the Window for a Cyclical Peak in HK property

 

CCLI-2015_zps154e6ad8.png


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#47 DrBubb

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Posted 20 January 2015 - 06:12 AM

In the last few days, HSBC increased their Bank Valuations in the TKT area by about 3%,

 

this reflects the upwards creep in actual transaction prices over the last 3-4 weeks.

HSBC has just caught up with that.

 

I would expect Bank of China to make an upwards adjustment soon too.

Their valuations are now generally below HSBC


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#48 DrBubb

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Posted 31 January 2015 - 02:55 AM

A Hot Wave of Sales at Long Beach

=======

(per Midland)

Block Floor : - Date -- : $Price- / Net = per Sq.Ft : Gross = per Sq.Ft

TW5 : Mid. : 30/01/15 : $8.68M / 558 = $15,556 : 742 = $11,698

TW6 : Mid. : 30/01/15 : $8.28M / 546 = $15,165 : 742 = $11,159

TW5 : Low : 26/01/15 : $8.68M / 556 = $15,612 : 743 = $11,682

Tw3 : High : 25/01/15 : $8.65M / 549 = $15,756 : 741 = $11,673

TW5 : Mid. : 25/01/15 : $8.80M / 564 = $15,603 : 752 = $11,702

 

TLB Index - per Centaline

LongBeachPrices_zpsf4c9fcac.png

 

Nearby

Park Avenue/ Cent. Park - in TKT : update

CentralPk_zps83176321.png

 

Meantime, a down week in the CL Index 

 

Week : CCLI : CMMI : RobinPl: Tregun : Dynast : Clovell/ IslHarb: ParkAv: Waterf : Sorrent : TArch : C'ribC : TaikSh.

Numb.: ( #1) (#2,4): ( --#6): (--#7): (--#8) : (--#9)/ (--#7) (--#8): (-#12) : (--#13): (-#14) (#-3) : (#21)

==== . .

01/25: 134.03 135.01: 15,587 : 19,554 : 24,903 : 22,368 /11,378: 12,466 : 13,970 : 17,147 : 21,797 : 6,538 : 12,627 :

01/18: 134.64 135.73: 15,608 : 19,581 : 24,936 : 22,398 /11,366: 12,311 : 13,997 : 17,179 : 21,838 : 6,079 : 13,586 :

 

Private flat supply hits 8-year high - SCMP

Number of completed units up 89pc last year

+ 15,700 units completed in 2015

+ construction started on 17,300 units, up from 14,100 in 2013

+ starting the transition to a period of more sustainable flat supply

+ some 74,000 new homes expected over next 3-4 years (74,000/4 = 18,500 per year)

+ Supply expected to be maintained at 15,000 -18,000 in the next few years


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#49 DrBubb

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Posted 19 April 2015 - 02:04 AM

URA takes Tai Kok Tsui hotel plan to developers
2 April 2015
South China Morning Post Excerpt

0402-00204-011b1.jpg : 23-storey hotel coming

 

TKT-AshSt_zpsenl21vpw.jpg

The Urban Renewal Authority (URA) has invited expressions of interest for the development of a hotel in the Tai Kok Tsui area of the city.

The 7,814-square-foot site at the junction of Anchor Street and Fuk Tsun Street will be redeveloped into a 23-storey hotel providing 200 rooms on top of a two-storey podium for commercial and back of house facilities, according to the URA. The site will yield a total gross floor area of 70,278 sq ft.

A URA spokeswoman said the site was originally designated for residential use but the authority obtained Town Planning Board approval to change the land use to a hotel.

The URA said the primary concept for the proposed use is to alleviate traffic noise impact from the West Kowloon Corridor on adjoining residential buildings and to meet market demand for three- and four-star hotels in the district, as well as to create jobs and enhance the local economy.

The URA, the former Land Development Corporation, “has been involved in commercial projects previously”, said Charles Chan, Savills’ managing director for valuation and professional services. For instance, he said, it had participated in the office-hotel development at Langham Place in Mong Kok and the office project, The Center, in Central.

Chan estimated the Tai Kok Tsui site could be worth HK$7,000 per square foot.

==

http://www.skyscrape...=221382&page=93


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#50 DrBubb

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Posted 30 June 2015 - 03:57 AM

CUSTOM-Made Furniture available 

 

Are you moving to a 2BR flat in The Long Beach?

(or similar sized flat elsewhere, such as Park Avenue, Island Harbourview, Harbourgreen, MHV or elsewhere in HK, Kowloon, or NT)

 

We have very nice custom-made furniture available, at a cheap price.

They will not fit into the flat we plan to move into

 

( Description and photos below.)

 

Custom Furniture items: Prices as stated, or Best Offer

 

1 / Wardrobe, with rollout bed :


1/ TLB-%20Wardrobe%201%20-%20photo%201%207%   : TLB-%20Wardrobe%201B_zpshnqma1aa.jpg
Wardrobe 1 with 4 drawers, shelves and a rollout single bed underneath available from 22 AUG 2015 (Now is okay!)
Custom Wardrobe with sliding doors, 4 drawers, shelves
and a rollout single bed underneath - Modular design
Measurements
H: 7 feet H x L: 85” x W: 24” (D: 34", footprint for the bed)
H: 213 x L: 216 x W: 61cm (D: 84cm, footprint for the bed)
Pullout-bed is 80cm wide, with a 76cm wide mattress on top
Priced at HK$2,800. The original cost was HK$10,800, from a shop called Elegant, in Mong Kok
 
2/ TLB-%20Wardrobe%202%20with%203%20drawers : ( RESERVED !)
Wardrobe 2 with 3 drawers and 4 shelves available from 22 AUG 2015 (5 feet W x 22” deep x 101.5” H) at HK$4,000.
The original price was HK$9,000.
 
3/ TLB-QueenBed-0_zpszc1dt1sc.jpg
 
A queen-size bed with hydraulic storage - available from 25 AUG 2015 – and maybe sooner
with storage underneath using a hydraulic uplift (5 feet W x 74” L)
Priced at HK$2,500. The original cost was HK$6,200.
 
4/ TLB-%20A%20storage%20cupboard%20-%20phot : (RESERVED !)
A storage cupboard with many shelves, spaces to hang clothes and 3 drawers available from 22 AUG 2015
Size: (71” W x 22” deep x 101.5” H) at HK$6,000. The original price was HK$12,000.
========
 
/ we also have some paintings and non-custom furniture for sale. Photos will be posted soon /
 
To make offer, or to view Furniture, please send SMS message to: +852 - Nine579- 3620
Or send me a PM through GEI - How to Join GEI for free: See Post#2 (note: Dr B's Favorite is: "admiral byrd")

The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#51 DrBubb

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Posted 09 July 2015 - 04:39 AM

5 / A beautiful Tibetan chest.

Can be used as a TV cabinet with storage underneath (62” W x 19” D x 26.75” H)

Priced reasonably at HK$6,800.

The original prices was HK$9,800 at Hollywood Road about 7 years ago - would be higher now,

 

BTW, I will be making the price cheaper, in steps, if it does not sell.
(I will do this because we might have room in our new place for maybe just one of the chests, but probably not both of them.
Latest photos attached - without the TV on top)
 

Some of the other items will get cheaper too - but if you wait too long they may be gone

 

Images - #1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - :: #2

TLB-Tibetan%20cabinet%20-%201%2062%20inc : TLB-Tibetan%20cabinet%20-%202_zpscklyupw

 

 

6/ Antique Chinese serving table

[20150709_143058_zpsvbqfiyaz.jpg[

An antique Chinese serving table,
With three drawers, and storage underneath
(56” W x 20.5” D x 35” H) : W:143 x D: 52 x H: 89 cm
Price:  HK$2,400.
The original prices was about twice that on AsiaXpat, some years ago,


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#52 DrBubb

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Posted 20 July 2015 - 10:57 AM

PAINTINGS, for Art Collectors - Photos

 

7 - LARGE Waterfall Painting by well-known gallery artist, Xu Bin

LongB-water_zpssbjdnz0s.jpg
Xu Bin's waterfall oil painting (or Zu Bin) (109 x 157 cm : 43” H x 62” W), with Gold frame

 

xu-bin-1364064967-logo1.jpg
Born: 1969, in Guangan, Sichuan; and graduated from Southwest Normal University
Xu Bin has held exhibitions in: HK, Canada, and France, and his paintings are popular with collectors.
Ours was hanging in the main window of the gallery where we bought it

Priced at HK$7,800 available now. The original cost was HK$9,600 some years ago.

 

8/ - LARGE Woman with Chair painting ... compare sizes :

LB-PaintWomchair_zpsiln6jm06.jpg

A Large oil painting:  Woman standing next to a Chair (52” W x 52” H) at HK$2,500 available now.

The original price was HK$4,000 thru Asiaxpat some years ago

 

9/ - The Yellow-flag Bridge painting

LongB-bridge_zpsyzloc87v.jpg[/URL]

Huang Sheng Xian's oil painting with a bridge (26” W x 30” H) in Silver frame at HK$4,500 available now.

The original cost was HK$5,900, from a Hong Kong Gallery


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#53 DrBubb

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Posted 20 July 2015 - 11:16 AM

10/ Antique style lamp: (note: the black Chinese cabinet has been reserved)

LongB-lamp_zpssstt5cf5.jpg

 

11/ Window Desk ...and  12/ Chair - the desk fits the window in the "2nd BR" at TLB

 

TLB-WindowDesk-Plus25_zps7qzwolb3.jpg

Desk : L: 107 xD: 81 xH: 13 cm (inches: 42 x 32 x 5 )
Chair : L: 58  xD: 57 xH: 116 cm (inches: 23 x 22.5 x 45.5 ) : Seat height is adjustable, with height 52cm +/-

. . . . . : Prices: HK$ 450 each, or HK$800 for both

(Note: part of the top of the desk is brown glass, and hence the reflection.)

 

There's also a Chinese rug and a nice Kashmir style rug - for which photos will be provided later.

=======================

 

tlb-chair-plus-TV_zpsf2mpmxcg.jpg

 

Chair is SOLD -- and the TV is reserved now


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#54 DrBubb

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Posted 06 August 2015 - 02:49 AM

URA spending big in TKT, for an old building on Ash St (near the new hotel under construction - see post #49)

 

TKT-AshSt_zpsenl21vpw.jpg

 

The Urban Redevelopment Authority have agree to pay HK$13,600 psf for a 50-year old building at 5-13 Ash Street (odd numbers)

in a "conditional offer" based on the value of a notional 7-year old flat.

 

It is a 5,102 sf site, with 65 flats, and will be redeveloped into (just) 69 flats

It will proceed if 80 percent of the owners agree withing the 75-day offer period


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#55 DrBubb

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Posted 13 August 2015 - 03:28 AM

More Space coming in Nam Cheong (next to TKT)

 

The mega project atop the West Rail's Nam Cheong station will be the standout development in the area:

+ Due for completion in 2-4 years, with: 3,414 homes, and

+ Retail space of 290,000 sq ft gross floor area

 

Raleigh Centre in Cheung Sha Wan, is being transformed from an 11-story industrial building into a shopping centre by Laws Properties Group


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#56 DrBubb

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Posted 18 April 2016 - 11:25 PM

Homebuyers snap up apartments with over 25 per cent discounts in southwest Kowloon
.

Homebuyers snapped up 36 seaview apartments put up for sale for the first time in 12 years by Hang Lung Properties

 
UPDATED : Monday, 18 April, 2016
8bf98280-03b4-11e6-a9b2-800cbf78bba6_128
 

Home buyers yesterday snapped up 36 seaview flats put up for sale by Hang Lung Properties for the first time at its 12-year-old Long Beach development in southwest Kowloon.

Rather than reflecting confidence in the property market, which is facing a significant downturn, they were attracted by discounts of up to 26.2 per cent off listed prices on units with sea views.

Hang Lung had been holding its inventory all these years at the estate in Tai Kok Tsui, hoping for a better market, but falling prices over the past year forced it to offer discounts and stamp duty rebates to lure buyers.

The developer said it had received 2,580 purchase applications for this batch of two- and three-bedroom flats ranging in size from 562 sq ft to 863 sq ft.

.

The average sale price was HK$14,000 per sq ft, after Hang Lung offered a 60 per cent buyer’s stamp duty rebate – the equivalent of a 9 per cent discount on the listed price – and a cash rebate of up to 1.2 per cent for those who bought more than one unit, among other concessions.

 

“The prices are down nearly 20 per cent compared with last year, so buyers find the prices reasonable,” said Sammy Po Siu-ming, chief executive of Midland Realty’s residental department. Hang Lung built the seaside complex, its largest residential project in Hong Kong, in 2005. It has 1,829 units in total, but only 400 were put up for sale from 2013 until now. More than 600 units are still available – the company has said they will be sold when market conditions are favourable.

“I think the developer will present some more units this year, but not all, given their track record,” Po said.

Hong Kong’s new home supply is expected to peak in two years’ time as projects launched in recent years are completed, raising the threat of a further downturn for developers.

Home prices are expected to fall a further 19 per cent up to the second quarter of 2017 according to Nomura, or even collapse by 60 per cent in the event of a 30 per cent one-time devaluation of the yuan or rate rises of 400 basis points by the US Federal Reserve over a two-year period.

Analysts said developers were resorting to offering more favourable terms and prices to compete for buyers before the market cooled further.

Hang Lung in January cut its final dividend for the first time in 16 years after core earnings for 2015 slumped 56 per cent, the biggest fall since 2011, to HK$4.38 billion. It sold 63 flats and some car-parking spaces during the year, which fetched HK$1.19 billion, down 88 per cent from a year earlier.

Separately, Sino Group yesterday sold 143 car-parking spaces with an average price of HK$2.47 million for residents of its Olympic station development, The Hermitage.

==

> http://www.scmp.com/...ounts-southwest

 

Start with a HKD 9 million flat... Raise the price artificially to 11 million,
and "discount" it back to 9 million, and everyone's happy, I suppose??
==
Recent sales:
Reg.Date     Estate------------     Block--         Floor--       Flat--       Area(ft2)         Price (HK$)-----       Price/ft2                     Source
                                                                                                   (Saleable/Gross)                             (Saleable)   (Gross)
13/04/16     The Long Beach     Block 6,      Floor 05,      Flat C,     549     747     Price     $6.80 M     $12,386     $ 9,103     Registry
12/04/16     The Long Beach     Block 6,      Floor 10,      Flat E,     547     728     Price     $7.20 M     $13,163     $ 9,890     Registry
08/04/16     The Long Beach     Block 8,      Floor 26,      Flat D,     546     742     Price     $7.50 M     $13,736     $10,108   Registry
08/04/16     The Long Beach     Block 3,      Floor 10,      Flat D,     549     747     Price     $7.15 M     $13,024     $ 9,572     Registry
30/03/16     The Long Beach     Block 3,      Floor 17,      Flat C,     549     747     Price     $7.03 M     $12,805     $ 9,411     Registry
24/03/16     The Long Beach     Block 6,      Floor 11,      Flat E,     547     728     Price     $7.00 M     $12,797     $ 9,615     Registry


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#57 DrBubb

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Posted 05 May 2016 - 06:48 AM

Eltanin Square Mile : New Mall and Residential project (in TKT)

 

Estate Page : http://www1.centadat...eng&source=data

SSC thread : http://www.skyscrape...d.php?t=1865990

 

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Eltanin‧Square Mile

The developer of Eltanin‧Square Mile is Henderson Land Development Company Limited. It provides 2 towers and 448 apartments. The area of these apartment is from 172 to 601 square feet and designed into studio to 2-bedrooms. Some apartments also with flat roof.

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> more: http://www.28hse.com...eloper-276.html

 

A new project of that name has been launched and is virtually sold out - at prices like HKD 18-20,000 psf, Net

That's pretty fancy in weak market

 

 

(old article)

Henderson Land plans to build new mall in Tai Kok Tsui
22 Jul 2015
 

Henderson Land (0012) is planning to launch a shopping complex with 60 shops in Tai Kok Tsui as early as 2017.

The redevelopment project, named Square Mile, will span Li Tak, Ka Shin and Kok Cheung streets.

The project will be developed in 4 phases with a total construction area of 0.2 million sq. ft. or approximately 60 store positions. The first phase is planned to launch in the first half of 2017. The construction floor area amounted to approximately 42,000 sq. ft. with 19 shops with a GFA of 42,000 sq ft and scheduled for an opening in the first half of 2017. Some HK$250 million will be set aside for development of phase one and two.

The developer has started to approach potential tenants, mostly chain eateries. “They are interested [in our offers]. And the rents they are willing to pay are close to our expectation,” said Henderson portfolio leasing department general manager Patrick Sit Pak-wing.


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#58 DrBubb

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Posted 13 June 2016 - 07:09 PM

Property prices soar in recently gentrified Tai Kok Tsui in Kowloon West, and more homes are on the way
Mukul Munish Jimmy Chow
Published on June 10, 2016,
 
All eyes are on Tai Kok Tsui – an area undergoing extensive regeneration since last year.
 

All eyes are on Tai Kok Tsui – an area undergoing extensive regeneration since last year.

Once an area housing industrial and residential buildings, Tai Kok Tsui has recently undergone rapid gentrification, and home prices have shown significant growth over the past five years. Home prices soared to about HK$6,000 per square foot last year from about HK$3,000 in 2012, according to Land Registry figures.

Built around Olympic station is a cluster of interconnected residential complexes, including The Long Beach development, which was completed by Hang Lung Properties in 2005.

In April, Hang Lung put on the market the units it had kept unsold at The Long Beach since it was built. As of early June, more than 220 units had been sold, generating over HK$2.3 billion for the developer.

The average unit price was about HK$15,047 per square foot, slightly above the figures asked for by individual home sellers within the same development.

“The favourable market response clearly indicates that Kowloon West is a lure for homebuyers looking for an urban location with beautiful sea views and outstanding connectivity,” says Will Lui, a sales manager at Hang Lung Properties.

According to Lui, about 90 per cent of the buyers were locals, while the rest were from mainland China and other nationalities.

“Most [buyers] are working professionals seeking convenience and transport accessibility. And, unlike first-time buyers, they don’t quite need a second mortgage to cover part of their down payment.”

Janny Chan, a senior district sales director at Midland Realty, adds that some of the buyers at The Long Beach are locals who have been waiting for the right opportunity to acquire their own home. “At least 10 per cent of the deals for The Long Beach units we handled were closed by tenants living nearby,” she says.

Last October, Henderson Land Development put another project, Eltanin Square Mile, for sale. So far, about 85 per cent of the units, with most of them measuring less than 300 sq ft, have been sold at an average price of about HK$18,600 per square foot.

 

Henderson says it will likely launch another Tai Kok Tsui project under the Eltanin brand, located at Ka Shin Street, for sale as early as next year, depending on the progress of the construction.

Elsewhere, Paliburg and Regal Hotels are set to market The Ascent, a 23-storey, 157-unit single-block complex at Shun Ning Road in Cheung Sha Wan, in the third quarter.

The apartments, between 276 sq ft and 458 sq ft, are studios, one-bedroom and two-bedroom units.

In early April, the Urban Renewal Authority (URA) said it had received a total of 30 expressions of interest for the development of the Pine Street/Oak Street project in Tai Kok Tsu

 

The market is also eagerly awaiting the much larger Nam Cheong station project, which is being built by Sun Hung Kai Properties (SHKP) in partnership with the MTR Corp.

The development is scheduled for completion in phases between 2017 and 2019. On completion, it will comprise 14 buildings, including 3,410 units. Of them, about 2,720 units will be built as small homes with no more than 538 sq ft of saleable floor area each.

 

Links
[1] http://www.scmp.com/...n-west-and-more


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#59 DrBubb

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Posted 11 March 2017 - 04:05 PM

Cullinan West

28 Sham Mong Road, Tai Kok Tsui, Hong Kong

 

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Cullinan West, the key project over Nam Cheong MTR Station

Jointly developed by Sun Hung Kai Properties and MTR Corp, provides 1,050 units. It comprises studios, one- to four-bedrooms units, with sizes ranging from 267 to 1,977 saleable square foot. The smallest unit at 267 square feet is the smallest unit that SHKP launched since the issue of "The Residential Properties (First-hand Sales) Ordinance" in 2013 and also the smallest unit in all MTR Corp urban projects. The developer will build a 298,000-square-foot shopping mall for the housing estate and open before the end of 2018.


Studios, 1 to 4 Bedrooms; 267 to 1,977 SqFt

 

 

SHK PPT First Batch of Flats for Cullinan West Approx. $19,000/ sq.ft ...

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aastocks.com/en/stocks/news/aafn-content/NOW.789124/popular-news

2 days ago - SHK PPT (00016.HK) : unveiled the first price list for Cullinan West which involves 210 flats with price range from $6.4 million to $41.735 million. Including the discount of up to 22%, the price per sq.ft. is $18,998 (not including the 1.5% cash rebate of SHKP Club).

 

 

南昌-匯璽 Cullinan West(模型)

 

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> Blog : http://cullinanwest.blogspot.hk/


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#60 DrBubb

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Posted 06 May 2017 - 08:52 AM

SQUARE MILE : what is coming to Li Tak Street., near Olympic Station

 
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Li Tak St., the building on the left, Eltanin, has topped out. It will have shopping on lower floors. And outdoor restaurants are planned.
 
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Eltanin‧Square Mile will be turned over late 2017. The units are not much bigger than 200 sqft.
The photos above were taken from different angles, with the photo on the right taken a few weeks earlier
 

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The hand is pointing to the shopping section of Eltanin, on Li Tak St. 
 
The next street is called Fuk Chak Street. Just one more street and you are at Ka Shin St, leading to HSBC,
and Olympic Station.
 
Eltanin is phase 1, and there will be a total of five phases to be completed over the next 5-7 years

The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix




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