According to Lin Da-min, General Manager of the Henderson Property Agency Department, the project has received over 950 subscription applications as of yesterday, with the initial offering of 148 residential units oversubscribed by 5.4 times, indicating sustained market enthusiasm. It is expected that a new batch of units will be launched as early as today.
Lin Da-min pointed out that investors account for approximately 10% of the subscription pool, with particularly strong demand for one-bedroom and two-bedroom units. Belgravia Place is renowned for its approximately 20,000 square feet clubhouse and sports facilities designed for young people, including a unique indoor skate park among private developments in Hong Kong. It even attracted Miss Hong Kong 2020 second runner-up Grace Kwok to demonstrate skateboarding skills, demonstrating its high level of popularity.
Internet
The first phase of Belgravia Place offers a total of 714 residential units with practical areas ranging from 177 to 756 square feet, expected to be completed by the end of July 2025. The average price per square foot for the first batch of 148 residential units is HK$15,902, a 9.7% decrease from last year's initial offering of the Hiu Po Fung project on Tai Nan Street in Sham Shui Po, with an average price per square foot of HK$17,602. Such price advantages have also increased the attractiveness to buyers.
On the other hand, the Proxima Station under Sun Hung Kai Properties located in Yau Tong previously offered a gold dragon incentive worth approximately HK$99,800 to buyers of three-bedroom units, which will end this Friday (March 1). According to market sources, Proxima Station recorded one transaction yesterday.
Overall, the first-hand property market transactions were relatively quiet yesterday, with only 4 transactions. The Centra project under Sun Hung Kai Properties offered new price discounts for specific units, one of which was sold for approximately HK$3.834 million after price adjustments, with a practical area of 179 square feet, featuring an open layout and a 354-square-foot platform, with an average price per square foot exceeding HK$21,400. The project has sold a total of 5 units after the price reduction.
