After the Government cancelled the spicy measures, Hong Kong's property market picked up quickly, showing a strong momentum of recovery. The latest figures show that the number of new property transactions has hit a record high in the past decade, and market vigour has been gradually released. Against this background, many developers have accelerated the launch of new flats in the hope of seizing the good opportunity of market recovery.

Among them, SEASONS PLACE at Phase 12A of LOHAS Park in Tseung Kwan O has become the focus of attention, launched by Wheelock Properties in conjunction with MTR. Nearly 1,000 new units will be unveiled in the five-day period from 27 to 31 March. Yesterday, SEASONS PLACE opened the second round of sales, launching all the remaining 282 units in one go.

It is reported that SEASONS PLACE successfully sold about 170 units on the first day, which accounted for 60% of the total number of units launched at that time, and a total of 538 units were sold within five days, reaching 82.8% of the total number of units sold, which became the highest sales volume of the new development in March. It is expected that the overall sales volume of this month may reach 4,200 to 4,500 units. The discounted selling price of the units in the second round of sales of the project ranged from $4,523,000 to $12,608,000, with an average discounted foot price of $15,357 and a discounted foot price of $14,047 to $19,379.

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For home buyers, Group A buyers have priority in choosing flats and are required to purchase 2 to 6 units or at least one 3-bedroom or 2-bedroom flat with a kitchenette in one go. Mr Wong Kwong Yiu, Vice Chairman and Managing Director of the project, said that in less than an hour after the sale commenced, SEASONS PLACE had sold 100 units, including 20 groups of large customers, with the largest customer purchasing six 2-bedroom units at one time, which is a sizable investment.

Mr Qu, a local resident, also joined the purchasing team and decided to invest in the property market again, choosing to purchase a 3-bedroom flat for approximately $11 million.SEASONS PLACE had sold nearly 170 units by 10pm, together with the 368 units sold in the first round of sales, a total of 538 units were sold in just 5 days, an astonishing speed of transaction.

With the successful sale of SEASONS PLACE, other projects are also active. Leo Place, Phase 5 of Leo Place, Tai Kok Tsui, Henderson Land. The second round of sale of 20 units in Shou Sum today, with a total cash amount of nearly $230 million. HENLEY PARK, an existing building project in Kai Tak, Kowloon East, has also achieved good results, with 361 units sold so far and a total cash amount of about $3.24 billion.

In addition, Vanke Hong Kong's Lianfang II project, which is about to undergo its first round of sales, has attracted the attention of the public. As the property market picks up and the enthusiasm of home buyers rises, developers are actively launching property sales and there is a continuous inflow of market capital, injecting new vigour and momentum into the entire property market.