〈The Standard, Oct 10, 2026〉The Sterling II, developed by China Resources Land (1109), has sold two units via tender within two days, raking in around HK$31.46 million. The transactions include a 730-square-foot, three-bedroom unit that fetched HK$17.23 million, or HK$23,599 per sq ft.
Another is a 628 sq ft, three-bedroom unit, which was sold for HK$14.23 million, or HK$22,658 per sq ft. The project has sold 822 units to date, cashing in over HK$8.14 billion.
〈Asian Post, Oct 9, 2026〉Hong Kong residential property prices are expected to remain broadly unchanged for the rest of the year, after rising 7% in the first eight months (8M), according to UOB Kay Hian.
The brokerage maintained its full-year price growth forecast of 7%.
It said the Rating and Valuation Department's price index had also risen 11% year-on-year (YoY), although residential property transactions have slowed in recent months.
〈The Standard, Oct 8, 2026〉The Rating and Valuation Department reported on Wednesday that private home completions jumped 3.8 times month-on-month in August to 887 units. A total of 8,987 units were completed in the first eight months of the year, down 27 percent year-on-year, representing a mere 53 percent of the government's full-year forecast of 16,975 units.
By region, the New Territories recorded 5,810 completions in the first eight months, representing 64.6 percent of total; followed by 1,879 completions in Hong Kong Island, accounting for 20.9 percent. Kowloon recorded 1,289 completions, taking up 14.5 percent.
〈Hong Kong Business, Oct 7, 2026〉Four owners were convicted and fined $1.18m at the Kwun Tong Magistrates' Courts on 6 October for failing to comply with removal orders and repair orders issued under the Buildings Ordinance (BO).
Of the total fine, $1.06m was for the number of days that the offence continued, the government reported.
The case involved six units in an industrial building on Hoi Bun Road, Kwun Tong, which had been altered into mini-storage units without prior approval from the Buildings Department (BD).
〈RTHK News, Oct 6, 2026〉 The developer embroiled in a controversy over suspected improper steel reinforcement at a luxury residential project in Stanley says it will provide homeowners with an additional structural warranty alongside free inspections.
In a statement on Friday, K&K Property via its subsidiary K Wise stressed that according to information released by the Buildings Department, the overall structure of the house in question at the One Stanley development poses no obvious danger.
The developer noted that it had made contact with the owner and proposed co-hiring independent professionals for a further inspection.
