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Hong Kong Property Market Continues to Heat Up Across Various Projects
Apr 1, 2024
Hong Kong Property Market Continues to Heat Up Across Various Projects Hong Kong
By   Internet
  • City News
  • Hong Kong property market
  • property transaction volume
  • Hong Kong property market
Abstract: According to Ta Kung Pao's report, from February 28th to March 28th, the overall performance of the Hong Kong property market has been active, with a total of 4,052 transactions recorded.

In the Hunghom Peninsula area, the weekend transactions have reached eight cases for two consecutive days, with a total transaction amount exceeding HK$92 million. Among them, a unit transacted today is located in Block 1A, Unit 28E, with two bedrooms, a practical area of 572 square feet, and a transaction price of HK$15.949 million, with a high unit price of HK$27,883. The living room of this unit faces the same direction and enjoys a broad view of the Ocean Park and Shouson Hill, overlooking the sea view of Deep Water Bay.


Since its launch, Hunghom Peninsula has sold 647 units, realizing nearly HK$13.9 billion. Recently, with the implementation of the "spicy withdrawal" policy, the project has attracted many talents from outside and inside the mainland to purchase two-bedroom units for self-use, while one-bedroom and studio units are mostly used for investment purposes.


The first phase of Belgravia Place in Cheung Sha Wan, developed by Henderson Land, sold out 138 units in the first round yesterday, within four hours under the "spicy withdrawal" policy. Subsequently, the project launched the third price list involving 208 units, with a minimum discounted entry fee of HK$3.231 million.


Under the "spicy withdrawal" policy, Kinetic Properties' Monaco, Monaco Marine, and Koko Mare in Lam Tin released 20 new units, selling six units in a single day, realizing a total of HK$86.348 million. With cumulative transactions of over HK$156 million within three days, Phase 12 of Sunrise City is actively preparing and plans to be named within this week.


Kinetic Properties also released a new sales arrangement for Star Kay Tsim Sha Tsui On the Hill last week, selling 93 units today, with a discounted price starting from HK$3.939 million. Among them, the entry unit is Room C on the 5th floor of Block 1, with a practical area of 228 square feet and a discounted price of HK$3.939 million, with a unit price of approximately HK$17,276. The project has adjusted the highest discount rate of the first six price lists, with a maximum discount rate of 35%, and launched the 7th price list last Friday, with individual units discounted by about 20%. According to market sources, the project has sold more than 20 units temporarily, including at least three major clients, with the largest one purchasing three units in a row.


Hong Kong Property Market Continues to Heat Up Across Various Projects

Internet


China Overseas sold another two low-rise sea-facing mansions today, following the sale of five units in Block 1 of Gateway Viva yesterday. The units are Unit A and Unit B on the 5th floor of the sea-facing mansion, transacting for HK$49.5 million and HK$49.98 million respectively, with a total transaction amount of nearly HK$100 million.


Tin's Hill Station in Yau Tong just recorded a case of mainland talents entering the market today, with new buyers purchasing a three-bedroom unit for HK$10.878 million. Tin's Hill Station also recorded a transaction of a split-level unit today, with a transaction price of HK$10.878 million, and the buyer is a mainland talent.


No. 1 Kangcheng Road in Tseung Kwan O, developed by Kinetic Properties in collaboration with MTR, has obtained pre-sale consent for all house flowers, and the developer is busy planning the launch, expected to be named this week and scheduled for completion in June 2025.


11 Fragrant Road in Wong Chuk Hang, under the third phase of Southern District Island South Station, a project under Henderson Land Group, is divided into phases 3B and 3C, providing a total of 1,200 units. Phase 3B, named Blue Coast, offers 642 units and is expected to go on sale in March, with a key date of December 2025.


Star Kay Tsim Sha Tsui On the Hill, located at 55 Kwun Tong Road, under the Wang Chau Group, offers 807 units, with a key date expected to be the end of June 2025.


Henderson Land's Tai Po Mei Sun Lane offers 122 units, with a key date expected to be the end of May 2025.


Kinetic Properties' 50 units on Wong Ma Kok Road in Stanley, developed by Jianhao Real Estate, is expected to be completed by December 2025.


These projects are all popular properties in their respective areas, with different features and advantages, attracting attention and enthusiasm from the market.

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Hong Kong Property Market Continues to Heat Up Across Various Projects
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