Whitesand Cove villa sells for record HK$99.38 million
On.cc · 2 SOURCESabout 3 hours ago2 MIN
Summary
A luxury villa at Whitesand Cove in Pak Sha Wan, Sai Kung, was sold by tender on June 8 for HK$99.38 million, marking new records in the area for both transaction price and price per square foot. The deal covered House 8, the largest villa in the project, with a saleable area of 3,162 square feet and a five-bedroom, five-en-suite layout. Chinachem Group said the project has now sold 13 units for about HK$390 million in total, and that only four villas remain on offer. The developer added it will continue a measured sales strategy in response to market demand.
Key Points
- House 8 was sold by tender on June 8 for HK$99.38 million, translating to about HK$31,429 per square foot.
- The villa has a saleable area of 3,162 square feet, with five bedrooms, five en suites, an 833-square-foot garden and 695-square-foot rooftop.
- The transaction set new Pak Sha Wan records for both total consideration and price per square foot, according to the developer.
- Chinachem sales director Helen Fung Hoi-lun said the sale followed a recent rooftop special-unit deal and involved the project’s largest villa.
- Whitesand Cove provides 40 homes in total, including six villas and five low-density residential blocks; only four villas are now unsold.
Why It Matters
The sale adds a fresh benchmark for luxury pricing in Pak Sha Wan and gives the market a new reference point for waterfront homes in Sai Kung. For buyers and developers, the result suggests that scarce low-density seafront stock can still attract top-end demand even as developers pace launches carefully.