logo
Hong Kong icon
icon Hong Kong icon
Hong Kong's Tower One at Victoria Harbour Sets Record High in Property Transactions
Mar 8, 2024
Hong Kong's Tower One at Victoria Harbour Sets Record High in Property Transactions Hong Kong
By   Internet
  • City News
  • Hong Kong Property
  • Harbour One
  • Hong Kong Property Market
  • Property Transaction
Abstract: Tower One at Victoria Harbour is one of the highly coveted properties in the Hong Kong market. Following the government's removal of restrictive measures, the market quickly became active, with transaction volumes significantly rising, garnering widespread attention.

According to the latest transaction data, Tower One at Victoria Harbour saw a total of 8 units sold yesterday, setting a new market record. Among them, the noteworthy transaction was for Unit A on the 26th floor of Block 1B, which sold for an astounding HK$509.53 million. This four-bedroom unit not only boasts spacious interior spaces but also comes with a rooftop terrace measuring 841 square feet. With this calculation, the average transaction price reached HK$33,544 per square foot, demonstrating the high-end positioning and allure of the development.


Alongside Tower One at Victoria Harbour, Victoria Harbour Exchange, also known as V Heun, has demonstrated remarkable performance following policy adjustments. Yesterday, Victoria Harbour Exchange sold a total of 8 units, with total proceeds exceeding HK$140 million. Among them, Unit B on the 10th floor of Block II became the largest transaction, selling for a staggering HK$451.8 million, with an area of 1,432 square feet, translating to a high per-square-foot price of HK$31,550. Since the policy adjustments, Victoria Harbour Exchange has sold a cumulative total of 1,104 units, with total proceeds exceeding HK$18.3 billion, demonstrating the market appeal and investment value of the development.


In addition to the Victoria Harbour series, the MONACO development has also garnered widespread market attention. Yesterday, the development sold a total of 4 units, achieving impressive results. Among them, Unit A on the 32nd floor of Block 2A sold for HK$181.76 million, with an area of 671 square feet, at a price of HK$27,088 per square foot. Meanwhile, a feature unit at KOKO HILLS stood out with a transaction price of HK$152.83 million, bringing in total proceeds of over HK$720 million for the project.


Hong Kong's Tower One at Victoria Harbour Sets Record High in Property Transactions

Internet


Not only have the Victoria Harbour series and MONACO performed well, but properties in other areas have also shown strong sales momentum. In Sha Tin, Starlake Tidewall sold two properties yesterday, totaling over HK$288.8 million. Meanwhile, The Wings in Tseung Kwan O achieved remarkable results, selling a total of 10 units yesterday, with one customer purchasing three open-plan units, totaling over HK$110 million in investment.


Furthermore, Jade Grove, a development by Road King Property located above Wong Chuk Hang Station, sold 3 units yesterday, with Unit H on the 29th floor of Block 2A transacting at HK$131.59 million, at a price of HK$26,965 per square foot. In Tuen Mun, Lai Kwoh Shan sold one property on the same day, with total proceeds exceeding HK$43 million.


Moreover, YOHO WEST by Sun Hung Kai Properties sold 3 units yesterday, with transaction prices ranging from HK$5.06 million to HK$5.7966 million, at prices ranging from HK$13,800 to HK$14,100 per square foot. Tian Chu, located in Ho Man Tin, also sold Unit B on the 25th floor of Block 7, with an area of 1,066 square feet, transacting at HK$326.196 million, at a price of HK$30,600 per square foot, with total proceeds exceeding HK$490 million.


On the same day, an existing building in Tai Po, Langham, successfully sold Unit B on the 9th floor through tender, with an area of 1,723 square feet. This four-bedroom unit, along with a parking space, transacted at HK$427.304 million, at a price of HK$24,800 per square foot.

icon
+87
icon
 
icon icon
icon
banner
Hong Kong's Tower One at Victoria Harbour Sets Record High in Property Transactions
icon
icon
icon
icon