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Kowloon market may become the main force in November
Nov 1, 2022
Kowloon market may become the main force in November Hong Kong
By   Internet
  • City News
  • Shawan Medical Bureau Street Lian Fang I
  • Long Yu
  • Yu Yi
  • China Resources Land
Abstract: According to a rough count by Hong Kong's Air News Daily, at least eight new or semi-new markets will be launched for sale in November, offering a total of more than 3,000 units in Hong Kong, Kowloon and the New Territories, and dominated by the urban market in Kowloon, covering small and medium-sized units to luxury homes.

Several urban areas are ready to go. Among them, the first phase of Vanke Hong Kong Development's Cheung Sha Wan Medical Council Street Lian Fang has uploaded its sales brochure and will have a chance to offer within a week. Lien Fong is planned to be developed in two phases, with Lien Fong Phase 1 offering 158 units covering openings to two-bedroom families with approximately 230 to 600 square feet. The key date is June 30, 2024.

 

Bao Jinzhou, executive director of Vanke Hong Kong, said the first price list for Lian Fang Phase I will be announced as early as early November. The price will be sold at a reasonable price with reference to the primary properties in Kowloon and Nanchang.

 

In addition, the remaining wave of Yutang Gao Chao Road, developed by Poly Real Estate's partner Shangjia Holdings, is also expected to be offered for sale in early November. Zhu, director of sales and marketing of Poly Real Estate (Hong Kong), pointed out that the project has the opportunity to upload the sales brochure in the near future and will be available for sale in November at the earliest.

 

Poly Real Estate (Hong Kong) sales and marketing director Zhu Meiyi pointed out that the project has the opportunity to upload the sales brochure recently and put up for sale in November at the earliest, and the opening price will refer to the recent market pricing of new properties and Kowloon East properties.


Located at 29 Ko Chiu Road, Yau Tong, Long Yu offers 634 strata units ranging from 246 to 1,601 square feet, with nearly 85% of the one-bedroom and two-bedroom units, with an expected key date of March 31, 2025.

 

Phase 1A of Chinachem Group's above-station project "The Opposite House" at Ho Man Tin Station will also be launched in response to market conditions after the pre-sale consent is granted. Phase 1A of The Opposite House consists of two buildings, offering 447 units, ranging from one to four bedrooms.

 

There are 75 one-bedroom units ranging from 311 to 364 square feet, 192 two-bedroom units ranging from 425 to 597 square feet, and 172 three-bedroom units ranging from 889 to 1,145 square feet. There are also 8 four-bedroom units starting at 1,515 square feet. The expected key date for the property is July 2024.

 

China Resources Land (Overseas) and Poly Land's river waves in the former runway area of Kai Tak are also pending pre-sale consent, with the opportunity to launch sales in November. The project consists of six flatted buildings and three low blocks, offering 582 units, ranging from 371 to 4,850 square feet, covering one-bedroom to four-bedroom units, mainly two- and three-bedroom units.

As for KOKO HILLS Phase 3, which is under Wheelock Properties, is pending the approval of the sales paper and is preparing the floor plan and show flats, which is expected to be put up for sale in November. The developer said earlier that it will be sold in two phases, and will first launch Phase 3A, involving more than 390 units, mainly one-bedroom to two-bedroom households.

 

In addition, the luxury residential project at 66 Lee Nam Road, Ap Lei Chau, developed by Long Kwong Properties and Hopkins Pacific, is also expected to be put on sale in November. The project has six buildings and offers 295 units, mainly four-bedroom units, with joint units and duplexes.

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Kowloon market may become the main force in November
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