〈The Standard, May 16, 2025〉Grand Seasons, phase 12C of Lohas Park in Tseung Kwan O, released its third price list on Friday, offering 138 units at an average discounted price of HK$15,227 per square foot.
The project is jointly developed by Wheelock Properties and MTR Corporation.
〈Hong Kong Business, May 15, 2025〉Lower stamp taxes onHong Kong's residential properties are unlikely to drive prices up despite a surge in transactions under $4m because of a persistent oversupply, analysts said.
With about 108,000 private homes forecast to come to the market in the next three to four years, developers are under pressure to keep rather than raise prices, Elliott Hau, head of financing valuation at Colliers Hong Kong, told Real Estate Asia.
“The overall impact on property prices may be limited due to the ongoing oversupply issue,” he said
〈Asian Post, May 14, 2025〉The Lands Department has issued six pre-sale consents for residential and non-residential developments in the first quarter of this year.
Of the six, five were for residential projects, totaling 2,749 residential units. Among these, three developments are slated for completion next year. These include a phase in Chai Wan with 592 units, another in Tin Shui Wai with 525 units, and a project in Sha Tin consisting of 240 units. Two other projects, a 748-unit development in Yau Tong and a 644-unit development in Fanling, are expected to be completed in 2027.
〈Hong Kong News, May 13, 2025〉Invest Hong Kong (InvestHK) reported that it has assisted 223 Mainland and overseas enterprises between January to April this year.
This represents a 13% increase compared to the same period in 2024.
Acting Secretary for Commerce & Economic Development Bernard Chan told legislators today that these enterprises are expected to bring in direct investment of over $22.3b and create more than 4,900 jobs within their first year of operations or expansion.
〈RTHK News, May 12, 2025〉Government figures released on Friday show that local courts have issued more than 900 bankruptcy or receiving orders last month, nearly double the number in March.
According to statistics from the Official Receiver's Office, the number of orders issued last month came in at 941, compared with 646 in March. On a year-on-year basis, that number was also up by 9.5 percent.
The courts were presented with 811 bankruptcy petitions, 8.5 percent less than the March figure, but the April total was also 9.3 percent higher than that of a year ago.
