Hung Hom Ti-Hoi Project Raises Prices ~1%, Launches 47 Units at HK$19,858 psf
SingTao · 1 SOURCES1 day ago4 MIN
Summary
Sino Group, China Merchants Land and the Urban Renewal Authority have unveiled 47 additional units at their collaborative Hung Hom development Ti-Hoi, with discounted average prices increasing by 0.5% to 1% to HK$19,858 per square foot . The project has attracted over 3,200 ballots for the first two price lists comprising 138 units, representing more than 22 times oversubscription . Executive director Tin Siu-yuen (田兆源) indicated that sales arrangements will be uploaded shortly, with units expected to launch as early as next week . The second price list, comprising mostly units facing the internal garden, covers 47 standard units including seven one-bedroom and 40 two-bedroom apartments . Customer demographics show over 70% of buyers from the Kowloon district, primarily from Hung Hom and Kai Tak areas .
Key Points
- The second price list offers 47 units with discounted prices ranging from HK$6.1 million to HK$9.57 million
- Unit sizes span 339 to 456 square feet; cheapest entry at HK$6.1 million (HK$17,998 psf) is Unit C3, 9/F, Tower 1
- Most units in this batch face the internal garden; sea-view units will be sold via tender
- Over 70% of ballot applicants come from Kowloon, with strong interest from Hung Hom and Kai Tak residents
- The sales gallery located at Olympian City drew continuous visitor traffic, including many young buyers
Why It Matters
The strong 22-fold oversubscription for Ti-Hoi signals robust demand for new residential projects in Hung Hom, where urban renewal and infrastructure developments are transforming the district . With the government's housing policies encouraging supply, this project's performance will likely influence pricing strategies for upcoming launches across Hong Kong .