William Doo, Deputy Chairman and Executive Director of Wheelock Properties, revealed that the registration for SEASONS PLACE subscriptions ended today, with approximately 60 groups of large investors showing strong interest in purchasing six or more units, especially one-bedroom units. Doo expressed optimism about the Federal Reserve's decision to maintain the current interest rates, predicting three rate cuts this year, which would kick off a rate-cutting cycle with positive implications for the property market.

In late November last year, YOHO WEST, the first phase of the YOHO Midtown development at the Light Rail Tin Shui Wai station launched by Sun Hung Kai Properties, attracted nearly 10,000 expressions of interest within four days, with a total of 18,436 subscriptions in eight days.

Leo Cheung, Property and International Business Director of MTR Corporation, praised the facilities at Sunrise City, believing that SEASONS PLACE's housing design meets market demand and expressing confidence in the property's sales prospects. Once the property is ready for sale, it will be immediately launched into the market.

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To attract homebuyers, Midland Realty has introduced tailored property incentives for SEASONS PLACE buyers. The first ten buyers who purchase SEASONS PLACE units through Midland Realty from March 23rd to 31st will receive a rental management fee discount worth approximately HKD 10,000 for successfully renting out their units within the first three months of occupancy, totaling around HKD 100,000, providing additional buying incentives for purchasers.

Midland Realty, together with Merit Mortgage, offers mortgage incentives with an interest rate capped at HIBOR plus 1.3%, and a top-up rate capped at P minus 2% (currently at 6.125%), providing a maximum discount rate of 4.125%, along with an additional 2% cash rebate. Centaline Mortgage also provides similar mortgage incentives, offering homebuyers more choices.

The 12th phase of Sunrise City is located at 1 Kang Yuen Road, Tseung Kwan O, and will be developed in three phases, providing a total of 1,985 residential units. SEASONS PLACE, as part of the 12A phase, comprises 650 units with practical areas ranging from 282 to 665 square feet, expected to be ready for occupation by October 2025.

Another focal project is The First Galleria at Leo's Square developed by Henderson Land, located at 1 Ka Shun Street, Tai Kok Tsui. Today, the first round of sales launched 68 units, with approximately 750 subscriptions received through a five-day subscription process, representing a tenfold oversubscription. The project offers a total of 234 units with practical areas ranging from 214 to 544 square feet, and residents are expected to move in by June 2025.

The launch of SEASONS PLACE and The First Galleria at Leo's Square, along with their promotional policies, showcases the vibrancy and allure of the Hong Kong property market. Whether for young first-time homebuyers or professionals and families seeking high-quality residential environments, these projects offer ideal living choices. These initiatives inject new vitality and confidence into the Hong Kong property market, laying a solid foundation for future development.