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Hong Kong Property Sales Improve, New Properties Shine
Nov 1, 2023
Hong Kong Property Sales Improve, New Properties Shine Hong Kong
By   Internet
  • City News
  • Hong Kong property market
  • property sales situation
  • new developments in Hong Kong
Abstract: With the improved atmosphere in the Hong Kong property market, there has been a strengthening in the sales of new properties. In October of this year, both Sun Hung Kai Properties (New World Development) and Henderson Land displayed strong sales performance, each making remarkable strides. Notably, Sun Hung Kai Properties' University Hill project in Tai Po Pak Shek Kok successfully sold 47 units yesterday, becoming one of the most attention-grabbing projects of the evening.

Additionally, several projects by Henderson Land recorded strong sales, totaling more than 50 units for the entire month, ranking second.


It is noteworthy that the overall sales volume reached 330 transactions last month, representing an increase of approximately 17% compared to 280 transactions in September. Among these, the University Hill project's sales activities at the end of last month propelled Sun Hung Kai Properties to become the "sales champion" of October, with a total of over 60 units sold for the month.


The project has been the focus of the market, initially launching in late September at a sale price of nearly HK$24,000 per square foot. However, due to a weak property market sentiment, the performance during the initial launch was not ideal. Nonetheless, with the Hong Kong government implementing measures to ease the market and market confidence gradually returning, the sales situation of new properties has started to change, and the University Hill project has once again become a hot commodity in the market this month.

Hong Kong Property Sales Improve, New Properties Shine

In addition to the University Hill project, notable Henderson Land developments have also performed well. For instance, THE HOLBORN in Quarry Bay and BAKER CIRCLE‧GREENWICH in Hung Hom both recorded solid sales, with a total of more than 50 units sold for the entire month, ranking second.


It is worth mentioning that THE HOLBORN set a sale price of nearly HK$24,000 per square foot during its launch, attracting significant market attention at that time.


Other new developments with good sales performance include The Green Code in Cheung Sha Wan by Emperor Group, Starryland in Sha Tin Fo Tan by Sino Group, The Aurum in Ho Man Tin, and Kingswood Villas III in Tseung Kwan O.


These projects have demonstrated relatively stable sales performance, with the Sha Tin Fo Tan Starryland project attracting many buyers through the implementation of preferential policies.

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Hong Kong Property Sales Improve, New Properties Shine
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