Victoria Harbourfront Sells 2 Units in Single Day, Netting Over HK$30 Million
SingTao · 2 SOURCESabout 2 hours ago4 MIN
Summary
Two units at the Victoria Harbourfront (維港·灣畔) development in the Kai Tak Runway area were sold on Friday, September 11, 2026, generating more than HK$30.056 million for the joint venture between China Overseas (中國海外), Wharf Real Estate (九龍倉), Henderson Land Development (恒基兆業), and K. Wah International (嘉華) . The transactions involved units on floors 18 and 19 of Block 1C, each spanning 489 square feet of saleable area with a two-bedroom plus storage layout . Average price per square foot reached approximately HK$30,732, with unit prices of HK$15.159 million and HK$14.897 million respectively .
Key Points
- Joint project by China Overseas, Wharf Real Estate, Henderson Land, and K. Wah located in Kai Tak Runway district
- Sold units: Block 1C floors 18 and 19, Unit B; 489 sq ft each; 2-bedroom with storage layout
- Transaction prices: HK$15.159 million and HK$14.897 million respectively; combined total HK$30.056 million
- Price per sq ft: approximately HK$31,000 and HK$30,464; average around HK$30,732
- Both living rooms and bedrooms offer first-line Victoria Harbour views
- Buyers purchased units for rental income and investment purposes after site visits
- Rising rental yields cited as driver of increased primary market activity
Why It Matters
The Kai Tai Runway area continues to attract investment interest as a premier waterfront location, with buyers willing to pay premium prices for the scarcity of harbour-view properties in the new completion phase . This transaction underscores the resilience of Hong Kong's primary residential market despite broader economic headwinds, suggesting strong underlying demand from investors seeking tangible assets with rental income potential.
The Kai Tai Runway area continues to attract investment interest as a premier waterfront location, with buyers willing to pay premium prices for the scarcity of harbour-view properties in the new completion phase . This transaction underscores the resilience of Hong Kong's primary residential market despite broader economic headwinds, suggesting strong underlying demand from investors seeking tangible assets with rental income potential.