Primrose Garden Phase 2 Sells 18 Units on Day 2, Exceeds HK$140M in Revenue
SingTao · 2 SOURCESabout 15 hours ago5 MIN
Summary
Henderson Land Development, Lee Garden Hotels and Empire Group jointly launched the second-round sales of Primrose Garden Phase 2 in Hung Hom on Friday, November 13, 2026. The developer offered 80 units on a first-come-first-served basis, selling 18 units by afternoon with proceeds exceeding HK$140 million. Han Jia-hui (韓家輝), Managing Director of Henderson Land Property Agency's Sales Division 2, noted that buyers were predominantly end-users, with investors also showing interest. Local buyers comprised 80% of purchasers, while mainland buyers made up 20%. Geographically, Kowloon buyers led at 61%, followed by New Territories at 22% and overseas buyers at 17%.
Key Points
- The 80 units offered included 73 two-bedroom, 6 two-bedroom with storage, and 1 three-bedroom with terrace, ranging from 339 to 622 sq ft
- List prices ranged from HK$7.207 million to HK$17.125 million, translating to HK$20,908 to HK$27,532 per sq ft
- After applying the maximum 9% discount, net prices ranged from HK$6.5583 million to HK$15.5837 million, with net prices per sq ft from HK$19,026 to HK$25,054 and an average net price of HK$21,090 per sq ft
- Han Jia-hui reported that end-users were the primary buyer segment, with some investors also participating in the sales
- Geographic distribution showed Kowloon at 61%, New Territories at 22%, and overseas buyers at 17%
Why It Matters
The strong sales performance of Primrose Garden Phase 2, with 89% of its units sold within approximately six months, underscores sustained demand in Hong Kong's new residential market . Joint-venture developments among major developers like Henderson Land and Lee Garden continue to attract buyers through competitive pricing and diverse unit options, signaling confidence in the local property sector despite broader economic uncertainties .
The strong sales performance of Primrose Garden Phase 2, with 89% of its units sold within approximately six months, underscores sustained demand in Hong Kong's new residential market . Joint-venture developments among major developers like Henderson Land and Lee Garden continue to attract buyers through competitive pricing and diverse unit options, signaling confidence in the local property sector despite broader economic uncertainties .