Henderson Land's Highwood Phase 2 Sets Price Record on Harbour Views
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
Henderson Land Development's Highwood Phase 2 project in To Kwa Wan has achieved a new price-per-square-foot record after a three-bedroom unit with a large terrace sold for HK$11.781 million, translating to HK$33,000 per sq ft through tender. Located at 70 To Kwa Wan Road in Kowloon City, the development offers panoramic Victoria Harbour views, with over half of its 415 units featuring sea panoramas. As of mid-August, the entire series has sold 693 units generating over HK$4.67 billion in revenue.
Key Points
- Henderson Land's Highwood Phase 2 at 70 To Kwa Wan Road sold a three-bedroom unit with terrace for HK$11.781 million via tender, setting a record HK$33,000 per sq ft for the phase
- The project comprises 415 units in Phase 2 with sizes ranging from 232 to 957 sq ft, offering one- to four-bedroom configurations plus special units
- Located in Kowloon's prime district near MTR stations, over half the units enjoy sea views, with some mid-to-high floors offering unobstructed Victoria Harbour vistas
- Featured unit Block 2, 18/F, Unit D spans 350 sq ft and faces southeast, boasting views of the Kai Tak Runway area and Hong Kong Island's eastern coastline
- The development includes a 60,000 sq ft two-level podium mall and a 28,500 sq ft residential clubhouse with landscaped areas
- Phase 2 completion is under one year away, with the entire series having sold 693 units for over HK$4.67 billion as of August 17
Why It Matters
The record-breaking sale demonstrates sustained appetite for premium waterfront residential properties in Kowloon's urban core, with buyers willing to pay substantial premiums for scenic harbour views . As Phase 2 nears completion, this transaction signals continued confidence in the luxury property segment despite broader market uncertainties.
The record-breaking sale demonstrates sustained appetite for premium waterfront residential properties in Kowloon's urban core, with buyers willing to pay substantial premiums for scenic harbour views . As Phase 2 nears completion, this transaction signals continued confidence in the luxury property segment despite broader market uncertainties.