Hong Kong Island Buyer Invests in Swire Properties' The Habitat Project
AM730 · 1 SOURCESabout 3 hours ago4 MIN
Summary
Swire Properties (1972) and China Motor Bus (026) jointly developed The Habitat (海德園) in Chai Wan, which recorded a significant property transaction on September 22, 2026. A buyer from Hong Kong Island purchased a two-bedroom unit with one ensuite for HK$11.39 million, representing a price per sq ft of HK$18,967. The buyer cited attraction to Swire Properties' brand reputation, the waterfront location, and rental potential as reasons for the investment purchase. The developer responded to market demand by launching new units at Tower 1 featuring open kitchens and sea views.
Key Points
- The Habitat's two-bedroom unit with ensuite spans 601 sq ft and sold for HK$11.39 million (HK$18,967 per sq ft)
- Buyer is a Hong Kong Island resident who purchased the property for investment purposes, drawn by Swire Properties' brand and waterfront location
- Swire Properties and China Motor Bus launched Tower 1 (ONE HEADLAND) featuring units from 585 to 601 sq ft with open kitchens
- The development offers over 80,000 sq ft of residential facilities at Club Headland, including approximately 30 indoor and outdoor amenities
- A public transport interchange operates in the podium, with a free shuttle service to MTR Heng Fa Chuen Station and Cityplaza for two years
Why It Matters
This transaction demonstrates continued investor confidence in Hong Kong Island's new development market, particularly for properties offering comprehensive amenities and transport connectivity. The launch of additional Tower 1 units indicates developers are strategically responding to sustained demand for quality two-bedroom apartments in the Hong Kong East corridor.
This transaction demonstrates continued investor confidence in Hong Kong Island's new development market, particularly for properties offering comprehensive amenities and transport connectivity. The launch of additional Tower 1 units indicates developers are strategically responding to sustained demand for quality two-bedroom apartments in the Hong Kong East corridor.