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HENLEY PARK by Henderson Achieves Strong Sales in the Hong Kong Real Estate Market
Dec 13, 2023
HENLEY PARK by Henderson Achieves Strong Sales in the Hong Kong Real Estate Market Hong Kong
By   Internet
  • City News
  • Hong Kong real estate
  • property sales
  • selling activities
  • homebuying incentives
Abstract: Henderson Land Development (00012) has achieved remarkable sales success with its new development, HENLEY PARK, located in East Kowloon's Kai Tak.

Reportedly, the project has sold a cumulative total of 277 units, generating an impressive HKD 2.6 billion. The average selling price per unit is approximately HKD 9.3 million, with a price per square foot reaching HKD 21,742.


This success is attributed to the collaboration between Henderson and Midland Realty. To celebrate the upcoming Christmas and New Year, HENLEY PARK launched a special property promotion. From now until December 31, the first five buyers who purchase a first-hand unit through Midland Realty will receive a HKD 20,000 worth "Five-Star Hotel Deluxe Move-In Banquet" voucher, totaling HKD 100,000. This incentive has further attracted the attention and participation of homebuyers.


Mr. Lam Tat Man, General Manager of Sales (I) at Henderson Property Agency, also revealed plans for future projects. Next month, Henderson will launch the Tai Po Mei San Lei Old Deed project and the Tai Wo Hau Tai Fat Street Residential project, providing more choices for the market.


In addition, the new phase of Baker Circle in Hung Hom is expected to be launched in the third quarter, and the Ma Tau Wai Road project in To Kwa Wan is expected to be launched by the end of next year. The introduction of these new projects will undoubtedly further enrich the market supply, meeting various homebuying needs.

HENLEY PARK by Henderson Achieves Strong Sales in the Hong Kong Real Estate Market

Apart from Henderson, other property developers are also actively promoting market activities. Sun Hung Kai Properties (01113) and New World Development (00016) jointly developed The Bloomsway Phase 1 in Tuen Mun, which is currently offering homebuying incentives.


From December 16 of this month to January 21 of next year, buyers of specified 2-bedroom or 3-bedroom units will receive AlipayHK points worth HKD 20,000 or HKD 30,000, as well as YATA supermarket vouchers. According to Ms. Yeung Kwai Ling, Assistant General Manager of the Sales Department at Sun Hung Kai, The Bloomsway Phase 1 has sold 339 units and has a cash flow of over HKD 1.76 billion, with expected completion in the first quarter of 2024.


Kai Tak under Jardine Matheson (00126) also offers sales incentives. Midland Realty provides the first three buyers of this project with smartphones worth HKD 10,000 each, totaling HKD 30,000 in incentives. This promotion provides additional benefits and attraction for homebuyers and is valid until January 1 of next year.


Finally, YOHO WEST Phase 1 in Tuen Mun is about to start its third round of sales. The project offers a total of 280 units, including open-plan to 3-bedroom units, with discounted prices ranging from HKD 3.2173 million to HKD 8.9508 million, and a price per square foot ranging from HKD 10,569 to HKD 15,776.


The most recent transaction was a 2-bedroom unit on the 39th floor of Block 2B, with a practical area of 468 square feet, sold for HKD 8.073 million, at a price per square foot of HKD 17,250.

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HENLEY PARK by Henderson Achieves Strong Sales in the Hong Kong Real Estate Market
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