The second phase of Baoyusen I's pricing list introduced 82 units ranging from 236 to 560 square feet, comprising 15 one-bedroom, 59 two-bedroom, and 8 three-bedroom units. Prices ranged from HK$3.915 million to HK$10.878 million, with discounted rates varying between HK$16,134 and HK$19,965 per square foot, averaging HK$17,594 per square foot—an increase of approximately 2.4% compared to the initial price list announced last Thursday.

He Jiaxin, General Manager of New World Business and Marketing (Special Projects), confirmed that this additional offering adhered to the original pricing strategy. For example, unit G on the 12th floor of Building 5 in the second phase, with a practical area of 469 square feet, was sold for HK$7.797 million. This is similar in size and landscape to unit G on the 11th floor of Building 5, which was sold for HK$7.778 million, indicating a minimal 0.2% difference in pricing between the two.

Baoyusen I began showcasing its model units to the public in Kowloon Bay last Saturday, drawing a large number of potential buyers and creating a vibrant atmosphere. He Jiaxin noted that the cumulative number of visitors reached approximately 8,000, prompting the sales office to extend the opening hours of the exhibition hall over the past two days. The developer also added a complimentary shuttle bus service to facilitate visits to the sales office and project site.

Located at 2 Shing Jing Street, Kowloon Bay, Baoyusen I offers a total of 291 units ranging from 234 to 560 square feet, featuring layouts from one to three bedrooms, with an expected completion date in August 2025.

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In addition, Sun International, under the leadership of "Toy King" Cai Zhiming, is set to launch Phase 1 of Golden Bay in Tuen Mun's Area 48 on Castle Peak Road's Qing Shan Wan section today, with no fewer than 139 units in its initial offering.

As new projects continue to enter the market, there has been a slowdown in the rate of inventory and closing prices. Over the past weekend (July 6th to 7th), only 16 transactions were recorded in Hong Kong's primary market, a decrease of 10 transactions from the previous weekend (June 29th to 30th), representing a decline of approximately 38.5% and marking the lowest transaction volume in nearly five months since February 10th to 11th.

On the other hand, Tai Fung, a redevelopment project led by Kowloon Bay's Kwong Hing Wai, sold a total of three units over the past two days, including Unit F on the 11th floor of Building 2B, with a practical area of 273 square feet, sold for HK$4.05 million at a rate of HK$14,835 per square foot.

Sino Land (00083) and Wheelock Properties led Southwest Kowloon's Victoria Harbour I and Victoria Harbour II, which collectively sold three units. In Victoria Harbour II, Unit A on the 2nd floor of Building 1, with a practical area of 1,536 square feet, was sold for HK$48.08 million at a rate of HK$31,302 per square foot.

Tai Hung Fai Enterprises' single-block Shang Yi in Sai Ying Pun continued its sales last Saturday, selling a cumulative total of 80 units since July 1st. The developer revealed they are preparing to launch the fourth price list to meet market demand.

Additionally, Miami Quay I in the Kowloon Bay area continued to record transactions, with Wheelock Properties leading its development. Last Saturday, Unit A on the 12th floor, featuring a three-bedroom layout with a practical area of 716 square feet, was sold for HK$18.011 million at a rate of HK$25,155 per square foot. This unit also benefits from a 3% cash rebate on Additional Stamp Duty and a 4% discount on "Owner Furniture" privileges.