According to the latest data released by the Land Registry, approvals for 13 residential project pre-sale agreements were granted in the last quarter, involving 8,993 housing units. This number has doubled compared to the previous quarter.

This figure marks a new high in the past five quarters, following the 9,505 units approved in the second quarter of last year, indicating that the Hong Kong property market is still experiencing strong growth.

Some projects have garnered significant attention, such as Cheung Fai Road No. 18 in Kai Tak Runway area, a development by China Overseas, Kerry Properties, Henderson Land, and Wharf. It comprises four phases and provides a total of 2,060 units.

The Sunrise City Phase 12A and 12B in Tseung Kwan O, developed by Wheelock Properties in cooperation with MTR Corporation, offer 650 and 685 units, respectively, totaling 1,335 units. Additionally, Sun Hung Kai Properties has two large-scale projects in Tuen Mun and Tuen Mun West.

The Novo Land Phase 3B in Tuen Mun and YOHO WEST in Tin Shui Wai, near the Light Rail station, provide 769 and 1,393 housing units, respectively.

Among these projects, YOHO WEST in Tin Shui Wai is the largest single-phase development in the market in the past two years, offering smaller and medium-sized units. It is expected to go on sale as early as this month.

These 13 pre-sale agreements for residential projects (including 5 phased developments) are expected to be completed from 2024 to 2026.

Furthermore, as of the end of September, there are 35 pending applications for pre-sale agreements for residential projects, involving 14,845 housing units.

Overall, the Hong Kong property market remains highly active, continuously launching various new housing projects, and it is expected to continue its rapid growth in the future.