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Hong On Property's Wui Ming Project Sparks Market Discussion
Jan 4, 2024
Hong On Property's Wui Ming Project Sparks Market Discussion Hong Kong
By   Internet
  • City News
  • Hong Kong Property
  • Wui Ming Project
  • Real Estate Market
  • Diverse Unit Types
Abstract: Hong On Property's latest launch, the Wui Ming project, has garnered substantial market attention. This redevelopment project located at 28 Ming Fung Street, Wong Tai Sin, is receiving acclaim for its distinctive design and diverse unit offerings.

The Wui Ming project will offer a total of 230 residential units, featuring a variety of unit types, including open-plan units, 1-bedroom, and 2-bedroom units. Among them, the 1-bedroom units are numerous, with sizes ranging from 204 to 261 square feet.


Of particular attraction are the 10 special units with connected platforms in the project, especially Unit G on the 2nd floor. Unit G boasts an indoor area of 207 square feet and comes with an expansive outdoor platform measuring over 1251 square feet, providing owners with spacious and comfortable outdoor living space. The project is expected to be handed over by the end of April 2025, with the presale period estimated to be around 16 months.

Hong On Property's Wui Ming Project Sparks Market Discussion

Cheng Tak Wan, Executive Director of Hong On Property, stated that considering the pricing of other new developments in East Kowloon, the Wui Ming project will commence sales within this month, aiming to be a focal point in the 2024 real estate market. Additionally, the Wui Ming project will feature two showflats with different handover standards, showcasing 1-bedroom and 2-bedroom configurations, open for public viewing starting this weekend.


Meanwhile, Midland Realty has transformed and opened a dedicated "Wui Ming" store, demonstrating confidence in the market prospects of this project. Patrick Chan, Vice President and President of Residential Department at Midland Realty Asia Pacific, predicts that the first-hand transaction volume in the property market this month will reach 1500 to 1800 units, with an annual target of 15,000 units.


In other market developments, Sun Hung Kai Properties and Henderson Land jointly launched the attractive payment plans and discount offers for The Harbourside II in Southwest Kowloon's Cheung Sha Wan, providing more choices for potential homebuyers.

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Hong On Property's Wui Ming Project Sparks Market Discussion
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