The Beaumount II Launches 148 Units as Hong Kong Property Market Heats Up
AM730 · 1 SOURCESabout 1 hour ago5 MIN
Summary
Sino Land Company Limited (083), K. Wah International Holdings Limited (173), Kerry Properties Company Limited (683), China Merchants Land Limited (978), and MTR Corporation Limited (066) jointly developed The Beaumount II (海瑅灣II), the final phase of Lohas Park in Tseung Kwan O. On March 24, the consortium announced the launch of Price List No. 2, offering 129 additional units, while uploading the latest sales arrangement confirming that 283 units will be sold on Friday, March 28 .
Key Points
- The March 28 sale comprises 148 units through price list and 135 units through tender, targeting diverse buyer preferences
- Units include 27 one-bedroom (open kitchen), 95 two-bedroom (open kitchen), and 7 two-bedroom plus study (open kitchen) apartments, ranging from 347 to 555 square feet
- After applying the maximum 15% discount, the cheapest unit (5B-19F, 347 sq ft) sells for HK$5.89 million at HK$16,978 per square foot
- The lowest price-per-square-foot unit (3B-7E, 453 sq ft) is priced at HK$7.17 million, equating to HK$15,822 per square foot
- On March 24 alone, the project recorded 10 transactions worth HK$85.71 million, with the top unit (5B-48B, 783 sq ft) selling for HK$15.37 million at HK$19,631 per square foot
- Cumulative sales reached 1,071 units with total proceeds exceeding HK$9.3 billion, while August alone saw 90 units sold for over HK$730 million
Why It Matters
The Beaumount II's strong sales performance reflects robust demand for new private residential properties in Hong Kong's New Territories, particularly in the Lohas Park area which benefits from MTR connectivity and comprehensive community facilities. The consortium's pricing strategy, including a scheduled price increase for Price List No. 1B starting March 25, signals developer confidence in sustained buyer interest amid a stabilizing property market. This launch also marks the final phase of the Lohas Park development, making it a significant milestone for the Tseung Kwan O district and the participating developers .
The Beaumount II's strong sales performance reflects robust demand for new private residential properties in Hong Kong's New Territories, particularly in the Lohas Park area which benefits from MTR connectivity and comprehensive community facilities. The consortium's pricing strategy, including a scheduled price increase for Price List No. 1B starting March 25, signals developer confidence in sustained buyer interest amid a stabilizing property market. This launch also marks the final phase of the Lohas Park development, making it a significant milestone for the Tseung Kwan O district and the participating developers .