Luxury Hong Kong Property Market Sees Multiple High-Value Sales via Tender
SingTao · 1 SOURCESabout 3 hours ago2 MIN
Summary
Multiple luxury residential developments across Hong Kong achieved successful sales through tender on Thursday (October 8, 2026), highlighting continued market appetite for premium completed properties. China Resources Land's The Royalview II in West Kowloon sold a 730 sq ft three-bedroom unit for HK$17.227 million, while New World Development and MTR's Pavilia Bay III in Tai Wai fetched HK$21.433 million for a 697 sq ft unit. The sales activity spans developments in West Kowloon, Sai Kung, Kai Tak, Tai Wai, and Kowloon Bay, with prices ranging from HK$9.84 million to over HK$21 million.
Key Points
- China Resources Land sold Unit B, 36/F, Tower 5A at The Royalview II in West Kowloon for HK$17.227 million, or approximately HK$23,599 per sq ft .
- Sino Land's Whitesand Cove in Pak Sha Wan, Sai Kung sold a 1,039 sq ft four-bedroom duplex unit with a 406 sq ft sea-view terrace to a foreign buyer for HK$19.2 million .
- Kai Tak Harbour 2 (Phase 2), jointly developed by K. Wah International, Wheelock Properties, and China Overseas Land & Investment, sold a 771 sq ft unit for HK$17.288 million .
- Pavilia Bay III at Tai Wai Station sold a 697 sq ft three-bedroom unit overlooking Shing Mun River for HK$21.433 million, or HK$30,750 per sq ft .
- Henderson Land's The Hemispheres in Kowloon Bay sold two two-bedroom units, including a 494 sq ft unit for HK$9.84 million .
Why It Matters
The cluster of tender sales across multiple districts signals robust demand for completed luxury units, with foreign buyers participating directly in the market. These transactions contribute to developers' sales targets, with projects like Pavilia Bay III accumulating over HK$6.7 billion in total sales since its relaunch .
The cluster of tender sales across multiple districts signals robust demand for completed luxury units, with foreign buyers participating directly in the market. These transactions contribute to developers' sales targets, with projects like Pavilia Bay III accumulating over HK$6.7 billion in total sales since its relaunch .