New World Launches Final Klaru 1-Bed Units at Record Price, Eyes Northern Metropolis Debut
SingTao · 3 SOURCESabout 2 hours ago2 MIN
Summary
New World Development has unveiled the final three one-bedroom units at its Kowloon Tong Klaru luxury residential project, with a recently sold unit setting a new price benchmark for the Kowloon one-bedroom market. The 336-square-foot units are priced from approximately $10.5 million after discounts and will be released for sale next Monday (June 17). The developer also revealed plans to launch its first Northern Metropolis project by the end of the year, alongside other upcoming initiatives.
Key Points
- New World Development launched the last three one-bedroom units at Kowloon Tong Klaru, with prices ranging from $10.5 million to $11.15 million after applying an 8.5% discount and 6% cash rebate
- A 298-square-foot one-bedroom unit with a 47-square-foot platform sold for $10.1 million at $33,903 per square foot, setting a new price-per-square-foot record for one-bedroom units in Kowloon
- Klaru has sold 65 units in total, generating over $2.7 billion in sales, with three two-bedroom units sold within 10 days netting over $52 million
- A new fully-decorated two-bedroom show flat (435 sq ft) showcasing Parisian fashion aesthetics has opened for public viewing
- New World plans to launch the remaining units of Wong Chuk Hang Klar Morning (about 30+ units) as completed units in September, and its first Northern Metropolis project at Fanling Ma Sik Road by year-end
Why It Matters
The strong sales performance at Klaru reflects robust underlying demand in Hong Kong's residential market, with buyers ranging from investors to those switching from renting to buying. The launch of New World's first Northern Metropolis project later this year signals the developer's commitment to the government's strategic growth area, potentially shaping future development trends in Hong Kong's new towns.
The strong sales performance at Klaru reflects robust underlying demand in Hong Kong's residential market, with buyers ranging from investors to those switching from renting to buying. The launch of New World's first Northern Metropolis project later this year signals the developer's commitment to the government's strategic growth area, potentially shaping future development trends in Hong Kong's new towns.