The first weekend of 2023 (7th and 8th) saw nearly 70 transactions in the new property market, a jump of about two times compared to the previous weekend.

In the first eight days of January, nearly 130 transactions were recorded in the first-hand market, which is already nearly 50% of the total number of transactions in the previous month.

Among them, China Resources Land (Overseas) and Poly Real Estate's Kai Tak runway area riverboat king, through the tender of four consecutive units, cashing in over $190 million.

According to market sources, the units on the 22nd, 23rd and 27th floors of Block 6, all of which are 3-bedroom units with a saleable area of 950 square feet, were sold for $32.003 million to $36.18 million at $33,687 to $38,084 per square foot, and were reportedly bought by the same group of buyers.

According to the register of first-hand transactions, the buyers' transaction period was 720 days.

Another sale of a 4-bedroom double house on 16/F A, Block 1, with a saleable area of 2,088 sq ft, sold for $89,993,000 at $43,100 psf.

So far, 26 units have been sold at River Hong Kong for over $1.26 billion and the price per square foot was as high as $45,115, a new high for the runway area.