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Green Living 2023 Plan to Launch New Jade Gardens in Hong Kong
Jan 6, 2024
Green Living 2023 Plan to Launch New Jade Gardens in Hong Kong Hong Kong
By   Internet
  • City News
  • Greenland Residence 2023
  • Providence Court
  • Hong Kong
  • Housing units
  • Hong Kong Property
Abstract: The latest "Green Living 2023" plan introduces the brand-new Jade Gardens in Cheung Sha Wan, Hong Kong, offering a total of 2,359 units for sale at a discounted price of 52%, with prices ranging from HKD 1.54 million to HKD 4.61 million, at an average selling price of HKD 6,470 per square foot. The plan aims to provide affordable housing for citizens, helping them achieve their homeownership dreams.

Jade Gardens not only offers a substantial number of units but also a variety of sizes, ranging from a minimum of 280 square feet to a maximum of 646 square feet, breaking the record for unit size under the Green Living program.


Situated at the junction of Lai Chi Kok Road, Tokyo Street, and Tung Chau Street, Jade Gardens enjoys a prime location, adjacent to the West Kowloon Law Courts Building and the Cheung Sha Wan Vegetable Wholesale Market, with a mere ten-minute walk to the Cheung Sha Wan MTR station.


The discount offered by the "Green Living 2023" plan, at 52%, is more substantial than the previous "Housing 2023" plan, with a discount rate of 48%. Comparing it to the "Green Living 2018" plan in the same area, where Lai Tsui Court was offered at market prices with a 42% discount, the average selling price was HKD 6,243 per square foot.

Green Living 2023 Plan to Launch New Jade Gardens in Hong Kong

The average selling price of Jade Gardens is HKD 6,470 per square foot, showing a slight increase of 3.6% over the past five years. In terms of per square foot market value, Lai Tsui Court was approximately HKD 14,864 at that time, making Jade Gardens appear more valuable, at a lower cost by about 16.2%.


Furthermore, the "Green Living 2023" plan offers previously launched Green Living units and Rent-to-Own Plan units for applicants to choose from, with specific quantities and prices to be announced later. Preliminary estimates indicate that at least 178 Green Living units, including the completed Diamond Hill Kai Tak Court, will be reintroduced.


The Housing Authority states that this plan aims to provide affordable housing for Hong Kong citizens and hopes to encourage public housing purchases through measures such as discount rates. The introduction of Jade Gardens is expected to alleviate the cooling trend in the Hong Kong property market and stimulate market activity.


At the same time, the government is actively advancing other housing plans, such as the Elderly Housing Scheme and the sale of rental housing estate units to tenants.


However, some citizens are not satisfied with the government's housing policies, believing that the government should increase investment and efforts to provide more affordable housing. They argue that the high property prices in the Hong Kong property market are a major cause of housing issues, and the government should take more measures to address this problem.

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Green Living 2023 Plan to Launch New Jade Gardens in Hong Kong
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