Hong Kong New Homes Log Fresh Sales Across Projects
SingTao · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong's primary residential market continued to see steady absorption, with Sino Land-led Villa Garda II at Lohas Park selling two flats in a single day for more than HK$21.33 million. A range of other new projects also recorded transactions, including In One Phase IC in Ho Man Tin, Mori in Kowloon City, K-Town Bay Phase 2 in Kai Tak, Beacon Peak in Beacon Hill and Centra Horizon II in Pak Shek Kok. The latest deals spanned two-bedroom to four-bedroom layouts and prices from about HK$10.81 million to HK$66.88 million, indicating demand across different price brackets. Developers also highlighted cumulative sell-through and, in one case, expectations of further price gains in the luxury segment.
Key Points
- Villa Garda II in Lohas Park sold two units yesterday for more than HK$21.33 million, with the higher-priced flat at Tower 2B, 47/F, Flat B fetching over HK$12.47 million.
- That Villa Garda II unit measures 628 square feet, has a three-bedroom, one-en-suite layout, and sold at HK$19,861 per square foot.
- The Villa Garda series has now sold a combined 984 units for more than HK$8.6 billion, according to the developer.
- In One Phase IC, developed by Chinachem and MTR Corporation above Ho Man Tin Station, sold a high-floor Victoria Harbour-view two-bedroom unit for HK$19.967 million, or HK$33,671 per square foot.
- Mori in Kowloon City sold an 904-square-foot three-bedroom, two-en-suite unit with storeroom and parking space for more than HK$23.12 million, while Beacon Peak sold a 1,865-square-foot four-bedroom unit for HK$66.88 million.
Why It Matters
The latest transactions suggest buying interest remains present in Hong Kong's new-home market even as projects target very different buyer groups, from upgraders to luxury purchasers. For readers tracking the property market, the mix of steady sell-through, limited remaining stock in some projects and developers' pricing comments points to continued competition for quality units in selected locations.