Lang Hin Fung, an eagerly anticipated new development, is set to debut in the market within the month. This project, developed jointly by Eagle Crown Group and MTR Corporation above Ho Man Tin Station, will offer nearly a thousand residential units, ranging from one to four bedrooms to cater to diverse buyer needs. Two-bedroom units will be the flagship product, comprising nearly forty percent of the project, with an additional 79 distinctive units providing more choices for buyers.
Rodney Law Chun Hin, Executive Director of Eagle Crown Group, emphasized the significance of their first collaboration with MTR, particularly highlighting the project's exclusive elevators providing direct access to Ho Man Tin Station, ensuring residents a convenient transportation experience. They are committed to creating diverse unit layouts to meet the needs of various types of buyers.
Eliza Leung Suk Yee, Sales and Marketing General Manager of Lang Hin Fung, stated that the construction of the sales gallery and show units is progressing rapidly, with brochures and pricing expected to be released this month. Pricing will be based on luxury properties in Kowloon and other railway properties in urban areas, expected to attract both investors and owner-occupiers.
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Eliza Leung Suk Yee is confident in the market prospects for Lang Hin Fung, stating that sales and pricing will be conducted according to the company's strategy. She remains optimistic about the increase in transaction volume in the property market following the government's comprehensive withdrawal of cooling measures, and looks forward to potential interest rate cuts in the second half of the year to further boost the property market.
Wu Zi Qian, Deputy General Manager of Property Agency Sales at Eagle Crown Real Estate, provided detailed information about Lang Hin Fung. The project is divided into Phase IIA and Phase IIB, consisting of five twenty-four-story residential buildings with a total of 990 units. Phase IIA includes Buildings 1 to 3, totaling 418 units; Phase IIB includes Buildings 5A, 5B, 6A, and 6B, totaling 572 units. Units feature diverse designs ranging from 377 to 1433 square feet, with a focus on two to three-bedroom units, and 79 distinctive unit types including platform units and top-floor terrace units. The project has obtained a pre-sale consent letter and is expected to be completed by March 31, 2025.
Lang Hin Fung is located above Ho Man Tin Station, marking the initial phase of development. High Gold Financial secured the land in 2016 for HK$6.28 billion, but due to financial issues, it was eventually sold to Eagle Crown Group in 2021. This marks another new residential project launched by Eagle Crown within approximately five years, following the release of the Lang To project in Tai Po Pak Shek Kok in July 2019.
For pricing, Lang Hin Fung will reference nearby properties in the Yu series of residential projects, which are developed in three phases. The most recent phase, Yu One · Tinhai, has seen promising sales performance following the government's lifting of restrictions. This suggests Lang Hin Fung may similarly enjoy popularity in the market.