Following the government's removal of housing market restrictions, Hong Kong's property market has seen a resurgence. In the first half of the year, several real estate projects have commenced large-scale sales, with MTR projects, in particular, standing out as one of the market's highlights.
The SEASONS series and PARK SEASONS, developed in collaboration with MTR Corporation Limited, commenced sales in late March this year. They have collectively sold 765 residential units, generating sales exceeding HK$48.2 billion, capturing a significant share of the sales volume in the New Territories railway property sector. The success of these projects not only reflects strong market demand but also underscores consumers' continuous pursuit of high-quality properties.
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Furthermore, the La Salle by Eagle Property and MTR Corporation collaboration in Ho Man Tin has also performed exceptionally well, with 597 residential units sold since late April this year, making it the second highest-selling project in terms of unit sales in the first half of the year. Behind this sales achievement are not only the positive impacts of the government's relaxation of restrictions but also the projects' high quality and prime locations.
In new developments, the Blue Coast project by Cheung Kong Property Holdings and MTR Corporation has also achieved remarkable success, surpassing HK$10.71 billion in sales despite a slightly lower number of units sold. It became the only new project in the first half of the year to break the HK$10 billion mark in sales revenue. The high sales revenue of Blue Coast reflects continued market enthusiasm for high-end properties and strong purchasing power.
Apart from these prominent railway projects, Belgravia Place by Henderson Land Development and The YOHO Hub II by Sun Hung Kai Properties have also shown commendable performance. Belgravia Place sold 435 residential units in the first half of the year, while The YOHO Hub II sold 419 units, collectively demonstrating extensive market demand for different types of properties.
