Two New Property Projects Launch Saturday with Over-Subscription Rates Exceeding 100 Times
AM730 · 1 SOURCES1 day ago2 MIN
Summary
Hong Kong's primary property market is buzzing with activity as two major new developments prepare to launch simultaneously this Saturday, October 17, 2026. Yuexiu Property's Kinhub I in Yau Tong has garnered unprecedented attention, collecting nearly 45,000 purchase registrations for just 220 units—a stunning 203 times over-subscription rate. Meanwhile, Sun Hung Kai Properties' SIERRA SEA Phase 2C(2) in Sai Kung West has also attracted overwhelming interest, with over 25,800 registrations for 142 units, representing a 181 times over-subscription rate. Industry observers predict October's new home transactions will exceed 2,000 units, marking a monthly growth of over 30 percent.
Key Points
- Yuexiu Property's Kinhub I in Yau Tong sold 215 units in its first round, the highest among all October launches, with 220 additional units available on Saturday at net prices ranging from HK$3.84 million to HK$8.14 million
- The project received approximately 45,000 purchase registrations for 220 units, achieving an oversubscription ratio of 203 times, with units ranging from 285 to 510 sq ft in saleable area
- Sun Hung Kai's SIERRA SEA Phase 2C(2) in Sai Kung West launched its first round of 142 units on Saturday, including 100 two-bedroom and 42 three-bedroom units at net prices from HK$5.38 million to HK$9.72 million
- Kowloon Development's 33 Clear Water Bay Phase 1 sold 8 units through tender on its first day, generating over HK$117 million, with the highest unit priced at HK$28.63 million or HK$27,556 per sq ft
- Market analysts predict 2026 new home transactions have already exceeded 15,000 units and may challenge last year's annual total of approximately 20,000 units
Why It Matters
The overwhelming subscription rates for these two projects demonstrate sustained strong demand for new private residential properties in Hong Kong despite broader economic uncertainties. With the fourth quarter typically a peak season for property transactions, the robust performance in October suggests the primary market will continue leading Hong Kong's residential sector recovery into year-end .
The overwhelming subscription rates for these two projects demonstrate sustained strong demand for new private residential properties in Hong Kong despite broader economic uncertainties. With the fourth quarter typically a peak season for property transactions, the robust performance in October suggests the primary market will continue leading Hong Kong's residential sector recovery into year-end .