Since the opening of the show units last Saturday, Belgravia Place has attracted over 10,000 visitors, including a significant number of young people and families, indicating that the Hong Kong property market still holds allure.

The first batch of 148 units at Belgravia Place, described as being offered at "potential-releasing prices," demonstrates confidence in the potential of the Hong Kong property market. The development offers discounts of up to 10%, with a discounted average price per square foot set at HK$15,902, resulting in an entry price starting from HK$3.16 million.

In comparison, the first batch of units at The Pavilia Hill, launched in November last year, had an average discounted price per square foot of approximately HK$17,602, making Belgravia Place's starting price about 9.7% lower. Compared to the price list for The Pavilia Hill 2 released in January this year, the price is approximately 4.6% lower.

The first batch of 148 units at Belgravia Place ranges from 199 to 457 square feet, with diverse layouts ranging from studios to three bedrooms. The most attractive entry unit is Unit 16 on the 3rd floor of Block 1B, with an area of ​​199 square feet and an open layout, priced at HK$3.52 million on the price list, with a discounted sale price of approximately HK$3.168 million, at a discounted price per square foot of about HK$15,920.

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The highest-priced unit per square foot is Unit 9 on the 20th floor of Block 1B, with a three-bedroom unit covering 457 square feet, priced at HK$8.119 million on the price list, with a discounted sale price of HK$7.3071 million, at a discounted price per square foot of approximately HK$15,989. The unit with the lowest price per square foot is Unit 3 on the 6th floor of Block 1A, covering an area of 425 square feet, with a discounted price per square foot of only about HK$14,838, and a discounted sale price of HK$6.3063 million.

The opening of Belgravia Place has attracted attention and discussion in the market, with many citizens visiting for viewing, and real estate agents actively promoting the latest property information. According to Lam Tat Man, General Manager of Henderson Property Agency (1), the show units located in a commercial building in Tsim Sha Tsui have attracted a large number of visitors. Lam Tat Man also said, "We expect the market sentiment to remain positive with the announcement of the Financial Budget, and more prospective buyers are expected to accelerate their subscription pace, further driving the subscription frenzy."

The announcement of the Financial Budget is one of the most anticipated events this week and is expected to provide positive stimuli to the Hong Kong economy and property market. The market generally holds a positive outlook for the property market, believing that the opening of Belgravia Place will attract more attention against this backdrop. In fact, since the opening of the show units, Belgravia Place has recorded over 560 subscription applications, equivalent to nearly 2.8 times the oversubscription of the first batch of 148 units offered.

The steady growth of the Hong Kong property market has instilled confidence in investors. Despite the high uncertainty of market fluctuations, Henderson Land Development's launch of Belgravia Place has generated significant interest in the market, demonstrating the resilience and vitality of the Hong Kong property market to a certain extent.