Major property developers in Hong Kong are actively preparing to launch over 8,000 new units after the announcement of the new Budget, with the majority located in urban areas, accounting for over 80%. This move reflects optimistic expectations for anticipated favorable news, including potential easing measures or even complete withdrawal of cooling measures, along with other policies favorable to the property market.

The Vice Chairman of Emperor International Holdings, Yang Zhenglong, announced that the group will launch two key new projects in the second half of the year, totaling 203 units. These include approximately 123 residential units at 1 Homantin Street, Happy Valley, and around 80 residential units at 28 Bonham Road, Mid-Levels West. Additionally, their rental property, The Unit Soho, comprising 69 units at 28 Arbuthnot Road, Central, will commence leasing in April.

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Yang expressed expectations for interest rate cuts and government initiatives to attract more talent to Hong Kong, anticipating the government's comprehensive withdrawal of cooling measures in the new Budget, lifting housing restrictions, and releasing purchasing power into the market, injecting positive energy. If these three favorable developments are confirmed, substantial benefits are expected for the property market, leading to a steady rise in property prices.

On another front, Walter Kwok, Managing Director of Sun Hung Kai Properties, revealed that two major projects under the company, namely, Mount Pavilia Phase 1 and YOHO WEST Phase 2 in Tuen Mun, are ready for launch in the second and third quarters of this year, respectively. Furthermore, Silicon Hill in Pak Shek Kok, Tai Po, and UNIVERSITY HILL are scheduled for completion in March and May, respectively, with over 1,800 units already sold out, and more than 200 units available for sale, expected to become new market focuses.

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Danny Lam, General Manager of Sales (1) at Henderson Property Agency, stated that the group will launch a new project, Mei Sun Lai, in Tai Po in March, offering 120 units primarily featuring one-bedroom layouts. On the other hand, the first phase of the new project in Kam Yuet Court, Cheung Sha Wan, will provide 714 units covering one to two-bedroom layouts.

Wilson Wong, Director of Business and Marketing at New World Development, also announced that their fifth phase in Wong Chuk Hang and the new project on Tseung Kwan O's Cheng Fung Terrace, developed in collaboration with Far East, are planned for launch in the third quarter of this year. It is estimated that approximately 3,000 units will be launched throughout the year. Additionally, due to construction quality issues, the redevelopment of Pak Au Chuen III above Tai Wai Station is expected to be launched in the form of existing buildings next year.