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Hong Kong Property Market Sees Hot New Developments!
Mar 7, 2024
Hong Kong Property Market Sees Hot New Developments! Hong Kong
By   Internet
  • City News
  • Hong Kong Property Market
  • Hong Kong New Homes
  • Property Sales
  • Property Transaction Volume
Abstract: Recently, the Hong Kong property market has seen a wave of activity as developers ramp up sales preparations to meet market demand. Among them, the Blue Coast project, located above the Wong Chuk Hang Station, has garnered significant attention. Developed jointly by Cheung Kong and MTR, it is expected to commence sales in the short term.

The Blue Coast project is a key development in Phase 3 of the Southern District of Hong Kong Island, offering a total of 1,200 residential units released in two phases, 3B and 3C. Phase 3B will offer 642 residential units ranging from two to four bedrooms, while Phase 3C will contribute 558 new units. Given the recent strong performance of new developments, developers have expedited sales preparations, with prices expected to be announced as soon as this month, potentially launching both phases simultaneously.


In addition to the Côte d'Azur project, two three-bedroom flats at the prestigious Ri-Kau Toi Shan development in Sha Tin will also be auctioned next Monday. The two flats are located on the first and second floors of Block 1, with a gross floor area of 1,053 square feet. Buyers will not only be able to choose the completion date and pay the stamp duty on their own, but also enjoy the privilege of subscribing for car parking spaces on a first-come-first-served basis.


Hong Kong Property Market Sees Hot New Developments!

Internet


Henderson Land's Lio Court series in Mong Kok has also announced its latest sales arrangements. Lio Court · Yee Yat will launch 21 residential units this Sunday, ranging from 206 to 382 square feet, with discounted selling prices ranging from HK$4.0575 million to HK$8.646 million. Meanwhile, Lio Court · Sai Ngan will also release four studio units on the same day, ranging from 193 to 200 square feet, with discounted selling prices ranging from HK$4.2002 million to HK$4.2402 million, at a per square foot price of HK$21,201 to HK$21,932. Additionally, THE HOLBORN project in Quarry Bay will auction two special unit types.


In addition, China Overseas' Kai Tak Harbour 1 project will launch 25 residential units this Saturday, with sizes ranging from 329 to 643 square feet and discounted prices ranging from HK$6.729 million to HK$14.5 million.


Meanwhile, Minmetals Land's Azure East Coast project in Yau Tong is offering a limited number of six residential units ranging from studios to two-bedroom apartments at a "per square foot" price of HK$15,888, to attract home buyers at a more favourable price. The flats, with sizes ranging from 271 to 520 square feet, are priced at discounted prices ranging from HK$4,356,000 to HK$8,261,800 if buyers opt for the "Selected 90-day Payment Method" and enjoy the "White Valentine's Day Offer". These six resale flats are about HK$790,000 to HK$1.46 million lower than the original prices.


In addition, CR Land's Starcade - The Embankment project in Fo Tan, which was originally scheduled to start a new round of sales tomorrow, updated its sales arrangements yesterday and will start selling 128 residential units this Sunday, with an entry price starting from HK$4.252 million.

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Hong Kong Property Market Sees Hot New Developments!
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