Among these, the two recently sold villas are located at Lily Avenue 6 and Camellia Avenue 7. The villa at Lily Avenue 6 spans 2,699 square feet, featuring 3 bedrooms and 2 en-suite bathrooms, along with a 695 square feet garden, ultimately sold for 58.6584 million RMB, with a price of approximately 21,733 RMB per square foot. The villa at Camellia Avenue 7 spans 2,678 square feet, similarly featuring 3 bedrooms and 2 en-suite bathrooms, along with a 687 square feet garden, ultimately sold for 53.855 million RMB, at a price of 20,110 RMB per square foot.
Apart from the Ma'anshan Yunhai Villas project, the West Kowloon Victoria Harbour Exchange project has also demonstrated stable sales records. Unit B on the 2nd floor of Block I at Victoria Harbour Exchange I spans 948 square feet and was sold for 27.6 million RMB, at a price of 29,114 RMB per square foot. Meanwhile, Unit B on the 19th floor of Block II at Victoria Harbour Exchange II spans 1,432 square feet and was sold for 47.5 million RMB, at a price of 33,170 RMB per square foot.
Additionally, the Tai Hung Group's Taipo Pak Shek Kok Long To project successfully sold Unit B on the 7th floor of Block 3, along with its parking space, through a bidding process. This unit spans 1,692 square feet, featuring 4 rooms and 2 separate bathrooms, ultimately sold for 37.562 million RMB, at a price of approximately 22,000 RMB per square foot.
These sales data indicate that despite government measures to regulate the real estate market, the market for new developments remains active, and the sales situation for some high-quality, spacious, and comfortable residential projects is highly promising. This may reflect the continued demand from homebuyers for high-quality residences and their confidence in the future real estate market.
Moreover, the government's real estate control policies have played a certain role in maintaining relative market stability, avoiding excessive speculation, and the risk of a housing bubble. This helps to sustain the healthy development of the real estate market, ensuring its sustainability and stability.
