Prince Edward No.1 Sells 17 Units in Three Days, Highest Price PSF Hits $21,215
AM730 · 1 SOURCESabout 2 hours ago5 MIN
Summary
The Prince Edward No.1 (太子壹號) residential project in Mong Kok achieved strong sales performance, with 17 units sold within three days from September 9 to 11, 2026. The development, situated at 1 Kalung Street near Prince Edward MTR Station, generated total sales proceeds of approximately HK$96.13 million. Centaline Property served as the exclusive planning and sales agent for developer One Edward Development Limited. The project targets first-time buyers and investors with its diversified unit mix and immediate occupancy advantage.
Key Points
- One Edward Development Limited's Prince Edward No.1 project sold 17 units in three days (Sept 9-11), generating HK$96.13 million
- The 17th floor Unit E achieved the highest price at HK$7.57 million or HK$21,215 per square foot
- Available units range from 248 to 357 square feet, offering one-bedroom and two-bedroom layouts
- Buyer composition shows mainland professionals at 45%, long-term investors at 35%, and local upgraders at 20%
- A Hong Kong Island buyer purchased two one-bedroom units for approximately HK$12.31 million
- The single-tower development provides 139 residential units and is positioned near Prince Edward Station
Why It Matters
The strong sales performance indicates sustained demand from mainland talent seeking Hong Kong residential properties, a buyer segment that now represents nearly half of the project's purchasers. This trend suggests continued upward pressure on Mong Kok property prices as mainland professionals increasingly view the district as an attractive location for both investment and self-use purposes. The Prince Edward No.1 project strategically positioned itself near MTR infrastructure to capture this growing buyer demographic and maximize appeal across diverse purchasing groups.
The strong sales performance indicates sustained demand from mainland talent seeking Hong Kong residential properties, a buyer segment that now represents nearly half of the project's purchasers. This trend suggests continued upward pressure on Mong Kok property prices as mainland professionals increasingly view the district as an attractive location for both investment and self-use purposes. The Prince Edward No.1 project strategically positioned itself near MTR infrastructure to capture this growing buyer demographic and maximize appeal across diverse purchasing groups.