Kai Tak Harbour Phase 2 Launches 138 Units at HK$21,168 psf
On.cc · 2 SOURCESabout 2 hours ago2 MIN
Summary
K. Wah International, Wheelock Properties, and China Overseas Land & Investment have launched a new price list for Kai Tak Harbour Phase 2, releasing 138 units with an average discounted price of HK$21,168 per square foot and entry-level pricing at HK$5.6 million. The developers have introduced the newly named Tower 1A, branded as Kai Tak Harbour Starry, with the first batch of units targeting September sales. The new pricing represents a modest adjustment of approximately 3.5% below the previous price list, positioning the project competitively within the Kai Tak development precinct.
Key Points
- Kai Tak Harbour Phase 2 new price list offers 138 units comprising 73 one-bedroom and 65 two-bedroom apartments
- Entry-level one-bedroom unit at Tower 1A, 3/F, Flat G spans 306 sq ft and is priced at HK$5.6 million (HK$18,301 psf)
- Two-bedroom entry unit at Tower 1A, 3/F, Flat F covers 427 sq ft at HK$8.238 million (HK$19,293 psf)
- List prices range from HK$7.466 million to HK$16.762 million with a maximum 25% discount applied
- Project has cumulatively sold 1,136 units out of the entire development, generating HK$9.2-9.5 billion in proceeds
- New pricing is approximately 3.5% lower than the preceding price list, reflecting market conditions
Why It Matters
The 3.5% price reduction signals developers' willingness to calibrate pricing strategy amid shifting market sentiment, potentially setting a benchmark for upcoming Kai Tak projects. The project's strong cumulative absorption rate of over 1,100 units demonstrates sustained demand in this former airport redevelopment zone, which continues to attract major infrastructure investments including the Metro line extension.
The 3.5% price reduction signals developers' willingness to calibrate pricing strategy amid shifting market sentiment, potentially setting a benchmark for upcoming Kai Tak projects. The project's strong cumulative absorption rate of over 1,100 units demonstrates sustained demand in this former airport redevelopment zone, which continues to attract major infrastructure investments including the Metro line extension.