The project at 22 Shing Fung Road in Kai Tak, a joint venture between six major developers including Henderson Land (00012), China Overseas Land Development (00688) and Chinachem Group, was officially announced as THE KNIGHTSBRIDGE on Thursday (30). The project is scheduled to go on sale after Easter, with 70% of the units expected to be put up for sale by tender.

Henderson Property Agency Director and General Manager, Sales (2) said that the project consists of seven high blocks and one low block, offering 566 units with a range of one-, three- and four-bedroom flat types and a usable area of 351 to 1,942 square feet. The project is expected to have a key date of 30 September 2024, with 70% of the units being seaward facing.

Hong Kong Resort (00480) and Hysan Development (00014) have jointly developed Lam Hoi Shan City in Tai Po, which opened for media viewing for the first time on Thursday (30). The developer said it has recorded over 600 visitors in the past three weeks. Hysan Development's director of office and residential business, Yip Mo-ching, said the development has 36 townhouses with individual gardens and lifts, in addition to a split-level outdoor area. She said that the market sentiment has improved after the customs clearance and the number of viewings has increased significantly, so she is optimistic about the trend of the property market this year.

Mr Lam Hung, General Manager of Business Development and Marketing of HKR International Group, said that two of the latest townhouses to be opened for viewing are of delivery standard, namely No. 3 Hillcrest Path and No. 3 Lam Hoi Path. As for, sales arrangements have been issued for Hillcrest Trail 3 and Hillcrest Trail 3 to be offered for sale by tender.

Chinachem Group's development of The Opposite House at Ho Man Tin Station Phase I has seen an increase in the number of tickets received. According to market sources, the project has received more than 5,000 tickets as of Thursday (30), which is more than 22 times oversubscribed based on the 210 fellows put up for sale on Sunday (2). According to the information, the units to be offered include 142 two-bedroom units and 68 three-bedroom units at a discounted price of $12,601,000 to $29,770,400 and a discounted price per square foot of $21,850 to $35,004. The project will close on Saturday.

Henderson Land's (00012) reduced-price relaunch of Hung Hom's Baker Place. Welcome Home, which will go on sale on Friday (31) with 84 units. Mr Lam Tat-man, General Manager of Henderson Land's Agency Sales (I) Department, said that as of this evening (30), the project has recorded more than 720 registrations and has been oversubscribed by more than 7.5 times.

Sun Hung Kai Properties (00016) sold one duplex in Kau To Wan Tau, Sha Tin, by tender on Thursday (30). According to the project's transaction record book, the ground and 1st floor room B of APEX Block 3, with a saleable area of 1,704 square feet, four rooms and 493 square feet of garden, was sold for $4,684,000, at a price of about $27,473 per square foot.

Chevalier International (00025) will put 10 units on sale on a first-come-first-served basis on Sunday (2), following a new discount and up-selling arrangement for its Mongkok Pride Apartments, which is being developed in partnership with the Urban Renewal Authority. According to the developer, the units to be offered for sale are all one-bedroom units with saleable areas ranging from 328 to 340 square feet. The entry unit is Room F on the 8th floor with a saleable area of 333 sq ft at a discounted price of $6,397,000, or about $19,210 per square foot.

The number of new property transactions continues to rise, with Sino Land (00083) and other 4 major developers collaborating on the South West Kowloon Harbourview II, selling two more units on Thursday (30), making a total of 40 units sold in the month, drawing in over $910 million. The latest sale included a 4-bedroom flat with 1,001 sq ft of usable area on 22/F of Block 2, which was sold for $30.38 million at a price of around $30,350 per square foot.

LP10 at Sunrise City, Tseung Kwan O, a subsidiary of Nan Fung Group, sold Flat B on 49/F, Block 1B, with a saleable area of 770 sq ft, a three-bedroom flat with storage space, for $15.463 million at around $20,082 per square foot on Thursday (30).