New Development Market Stays Active with Wong Tai Sin Show Flat Launch
On.cc · 1 SOURCESabout 2 hours ago6 MIN
Summary
Hong Kong's new residential property market continues to show strong momentum as developers roll out various sales initiatives. On Friday (September 18), Wong Tai Sin's The Houghton (薈淳) opened its completed show flats to the public and uploaded its sales arrangement, planning to tender four units next Tuesday. In parallel, Hung Hom's MIDTOWN SOUTH Phase 6 The Waterfront (映匯) added 28 units to its price list for sale starting Thursday.
Key Points
- The Houghton (薈淳) in Wong Tai Sin opened its completed show flat with special units for public viewing on Friday (September 18), with four units scheduled for tender sale next Tuesday
- The Waterfront (映匯) at MIDTOWN SOUTH Phase 6 in Hung Hom released an additional price list containing 28 units, set to go on sale from Thursday onwards
- Royal Court (皇璇), a North Point project on Hei Wo Street developed by a subsidiary of Chow Tai Fook Group (周大福集團), opened its exhibition hall and showroom on Friday, with 20 premium units to be tendered starting Saturday (September 19), and price list sales expected shortly after
- One 91 Tai Kong (天瀧) sold a four-bedroom unit for HK$51 million, while the second phase of Kai Tak Harbour (啟德海灣第2期) recorded four transactions on the same day, generating over HK$32 million in proceeds
- CHOM (瑜一) series at the Ho Man Tin station development, managed by Sino Group (華懋集團), sold a two-bedroom unit at 15/F Tower 2A with a saleable area of 593 sq ft for HK$18.663 million, translating to approximately HK$31,472 per sq ft, bringing cumulative sales to 771 units representing over 90% of the total project with total proceeds exceeding HK$13.7 billion
- Wheelock Properties' PALO SPRINGS at Kwu Tung North PARKSILICON Phase 2 partnered with Centaline Property to launch a mid-autumn festival promotion worth HK$108,880 in total, offering the first 10 buyers a Michelin-starred dining voucher valued at HK$10,888 from now until October 17
Why It Matters
The diverse range of new development launches across different districts, from luxury projects like Royal Court in North Point to mass-market offerings like The Houghton in Wong Tai Sin, demonstrates developers' confidence in buyer demand despite broader market uncertainties. The strong sales performance of the CHOM series, achieving over 90% sold with cumulative proceeds exceeding HK$13.7 billion, underscores the continued appetite for premium residential properties in Hong Kong, particularly those near major transportation hubs.
The diverse range of new development launches across different districts, from luxury projects like Royal Court in North Point to mass-market offerings like The Houghton in Wong Tai Sin, demonstrates developers' confidence in buyer demand despite broader market uncertainties. The strong sales performance of the CHOM series, achieving over 90% sold with cumulative proceeds exceeding HK$13.7 billion, underscores the continued appetite for premium residential properties in Hong Kong, particularly those near major transportation hubs.