The Hong Kong property market was busy with transactions for new developments yesterday, with several projects fetching hefty prices. Henderson Land Development’s HENLEY PARK sold two units located at Flat G, 23rd Floor, and Flat G, 25th Floor of Tower 1B, both measuring 250 square feet. The 23rd Floor unit sold for HK$5.6665 million, at about HK$22,666 per square foot; the 25th Floor unit sold for HK$5.6839 million, at about HK$22,736 per square foot.

A transaction was also completed in Wharf Estates’ KOKO HILLS, situated in Flat B, 12th Floor, Tower 2, measuring 899 square feet. It is a 3-bedroom suite with a connected kitchen, selling for HK$20.889 million, reaching a price per square foot of HK$23,236. Additionally, MONACO MARINE under Kai Tak sold Flat F, 29th Floor, Tower 1B, measuring 435 square feet with a 2-bedroom open kitchen design, fetching a high price of HK$10.995 million, at HK$25,276 per square foot.

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China Overseas Land & Investment’s Victoria Harbour No. 1 in Kai Tak also saw transactions amounting to HK$80.937 million yesterday, with 6 units sold. Among them, Flat B, 30th Floor, Tower 2A, measuring 766 square feet and featuring a 3-bedroom configuration with one suite and a maid's room, sold for HK$19.138 million, at an average price per square foot of approximately HK$24,984.

On the other hand, Cheung Shue's Fo Tan project, Starry Shores, also performed strongly. Flat A, 40th Floor, measuring 673 square feet with a 3-bedroom layout and an open mountain view, sold for HK$11.64 million, at an average price per square foot of HK$17,296. According to Cheung Shue's Director of Marketing and Planning, Yang Congyong, since March 3, the project has quickly sold 214 units, totaling more than HK$2.3 billion in sales.

Moreover, Sun Hung Kai Properties’ existing building Kai Wo Hill in Tuen Mun also launched a housing incentive. Starting today until May 31 of this year, the first five buyers through Centaline will receive a “HK$20,000 New Home Appliance Gift Voucher,” and the first five buyers through Midland Realty will receive a “Luxury Furniture and Home Insurance Voucher,” each voucher valued at approximately HK$20,000, with a total promotional value of HK$100,000.