5 Must-Read News Stories | New Development Client Competition, Haiyue Bay I First Phase Opens Pricing

1. New Development | Ha Wai Wan I First Batch of 254 Units Priced at HKD 5.72 Million

The new development market is booming, with another new project launching prices on the same day in just over half a month. Sun Hung Kai Properties (00083) led the launch of Ha Wai Wan I in Tseung Kwan O Sunrise City, offering the first batch of 254 units starting at HKD 5.72 million.

2. New Development | First Batch of 50 Units at First Square, Average Price per Sq Ft Reaches 3-Year High in the Area

Henderson Land (00012) launched the first batch of 50 units at Hung Hom First Square, with an average price of HKD 20,988 per square foot, marking a nearly 3-year high for initial units in the area.

3. Hong Fuk Court Hearing | Cheung Yip and 5 Maintenance Bidding Companies Linked, Hong Yi Inspector Suspected of Rubber Stamp

The second hearing of the Tai Po Hong Fuk Court fire independent committee discussed bid-rigging issues related to maintenance works. Committee member Barrister Du Gan Kun pointed out that Cheung Yip director Hou Wah Kin is connected to five companies jointly bidding for the Hong Fuk Court maintenance project.

4. Hong Fuk Court Hearing | Two Housing Authority Positions Named, Removed from Government Directory

The Hong Fuk Court fire independent committee hearing revealed key factors leading to the tragedy, including naming two Housing Authority staff members; their details are no longer found in the government directory.

5. Pan Cheuk Hung Fraud Case | Report: Police Detain Senior Media Person Pan Siu Man

In the fraud case involving Pan Cheuk Hung, police have arrested six individuals. Reports indicate that one of the detainees is senior media figure Pan Qi Zhi, known online as “Pan Siu Man.”