Weekend Primary Market Thrives with Radiance II Tender Deal, Multiple Kai Tak Transactions
SingTao · 1 SOURCESabout 3 hours ago2 MIN
Summary
The primary residential market in Hong Kong experienced strong sales momentum over the weekend of October 17-18, 2026, with both new project launches and remaining units attracting buyers. China Resources Land's Radiance II development in West Kowloon recorded a tender sale for a special unit, while several Kai Tak projects reported multiple transactions totaling hundreds of millions of dollars. The activity underscores continued demand in Hong Kong's primary market despite broader economic uncertainties.
Key Points
- China Resources Land's Radiance II sold Unit 3B on 3rd Floor of Tower 5A through tender, a 3-bedroom plus helper's quarters, storage, and workroom configuration spanning 686 square feet with a 133 square feet terrace, for 18.334 million Hong Kong dollars at 26,726 dollars per square foot
- The Radiance series has sold 827 units in under two months since launch through both price list and tender channels, generating approximately 8.22 billion Hong Kong dollars in total revenue
- Wheelock Properties' DOUBLE COAST III in Kai Tak recorded 4 transactions with combined sales exceeding 29.25 million Hong Kong dollars, including a 2-bedroom unit at 30th Floor of Tower 1B sold for 10.732 million dollars via tender
- China Overseas' Victoria Harbourside Phase 1A sold Unit 16B at Tower 1C, a 2-bedroom unit with storage at 489 square feet for 14.601 million Hong Kong dollars, translating to approximately 29,859 dollars per square foot
- New World Development and Far East Consortium's Park Ville I sold Unit 12A at Tower 5, a 512 square feet 3-bedroom unit for 11.593 million Hong Kong dollars at 22,643 dollars per square foot
Why It Matters
The strong weekend sales across multiple developments signal sustained confidence in Hong Kong's primary residential market among both developers and buyers. The diverse price points and unit types sold—from entry-level studios at 5.2 million dollars to luxury 3-bedroom units approaching 18 million dollars—indicate broad-based demand across different buyer segments. For the broader Hong Kong property market, these transactions suggest that quality developments in strategic locations like West Kowloon and Kai Tak continue to attract buyers despite interest rate pressures and economic headwinds .
The strong weekend sales across multiple developments signal sustained confidence in Hong Kong's primary residential market among both developers and buyers. The diverse price points and unit types sold—from entry-level studios at 5.2 million dollars to luxury 3-bedroom units approaching 18 million dollars—indicate broad-based demand across different buyer segments. For the broader Hong Kong property market, these transactions suggest that quality developments in strategic locations like West Kowloon and Kai Tak continue to attract buyers despite interest rate pressures and economic headwinds .