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Olympic Station / Tai Kok Tsui, Kowloon

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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


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,

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PAINTINGS, for Art Collectors - Photos


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



PAINTINGS etc - For Sale online


PAINTINGS, for Art Collectors - Photos


7 - LARGE Waterfall Painting by a Sichuan-born artist, Xu Bin, whose paintings have been sold through galleries.

HK$9,000 available now. The original cost price several years ago from front window of gallery was HK$9,600.



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


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 :


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


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

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



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



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.





Chair is SOLD -- and the TV is reserved now

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




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

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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

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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

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/property/hong-kong-china/article/1936618/homebuyers-snap-apartments-over-25-cent-discounts-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

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


Estate Page : http://www1.centadata.com/pih09/pih09/estate.aspx?type=2&code=EESPWWPAWS&lang=eng&source=data

SSC thread : http://www.skyscrapercity.com/showthread.php?t=1865990









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.


> more: http://www.28hse.com/en/utf8/developer-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.

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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.

[1] http://www.scmp.com/property/article/1971636/property-prices-soar-recently-gentrified-tai-kok-tsui-kowloon-west-and-more

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Cullinan West

28 Sham Mong Road, Tai Kok Tsui, Hong Kong




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 ...




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)




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

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

Li Tak St., the building on the left, Eltanin, has topped out. It will have shopping on lower floors. And outdoor restaurants are planned.
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


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

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