Tai Po villa at Lam Hoi Shan Chong sells for HK$74.8 million
AM730 · 3 SOURCESabout 2 hours ago2 MIN
Summary
A completed garden house at Lam Hoi Shan Chong in Tai Po changed hands by tender on October 20 for HK$74.8 million, with a price of HK$22,483 per square foot based on a saleable area of 3,327 square feet. The property is House 17 on Shan Cheng Path and comes with a 580-square-foot garden, a 539-square-foot rooftop and two parking spaces, while Sing Tao also reported a 20-square-foot platform. The project is jointly developed by Hysan Development and HKR International, and the developers said the buyer needs to travel frequently between mainland China and Hong Kong innovation parks. Lam Hoi Shan Chong has now sold 186 units for nearly HK$5.4 billion, out of a total 262 houses and apartments in the low-density project.
Key Points
- House 17 on Shan Cheng Path was sold by tender on October 20 for HK$74.8 million, or HK$22,483 per square foot.
- The completed home has a saleable area of 3,327 square feet, plus a 580-square-foot garden and 539-square-foot rooftop.
- Sing Tao said the unit also includes a 20-square-foot platform, a five-bedroom double-en suite layout and two parking spaces
- Hysan Development and HKR International said the buyer values easy access to border crossings including Heung Yuen Wai and the new Huanggang port.
- The developers said the project has sold 186 units so far for nearly HK$5.4 billion, from a total supply of 262 homes.
Why It Matters
The deal shows that completed low-density luxury homes in the New Territories can still attract high-net-worth buyers when they offer immediate occupancy and cross-border connectivity. For Hong Kong's primary market, the sale also underlines how developers are positioning northern New Territories projects around links to the Northern Metropolis and nearby innovation hubs.