business · Thestandard

One Victoria Cove Sets Project Record with HK$16.34 Million Special Unit Sale

Thestandard · 1 SOURCESabout 2 hours ago2 MIN

Summary

One Victoria Cove in Hung Hom has set a new project record with the sale of a special residential unit for HK$16.34 million . The unit, located on the third floor of Tower 2, sold for HK$27,000 per square foot, marking the highest price achieved in this development . This 605-square-foot apartment includes an additional 470-square-foot terrace, adding significant outdoor space to the property . The project is co-developed by three major property developers: Henderson Land, Hysan Development, and Empire Group . With 695 units already sold, representing 92.5 percent of available units, One Victoria Cove has generated total sales revenue of HK$5.89 billion .

Key Points

The special unit at One Victoria Cove sold for HK$16.34 million, setting a new price record for the development
Unit price reached HK$27,000 per square foot, the highest rate achieved in the project to date
The 605-square-foot third-floor unit in Tower 2 features a 470-square-foot private terrace
Joint developers include Henderson Land (stock code: 0012), Hysan Development (stock code: 0014), and Empire Group
Project has sold 695 of 751 available units (92.5 percent), accumulating HK$5.89 billion in total sales

Why It Matters

The record-breaking sale demonstrates sustained buyer confidence in Hong Kong's residential market, particularly in the Hung Hom area where new developments continue to command premium pricing . The strong sales performance of One Victoria Cove, with nearly sold-out status, signals robust demand for well-located luxury apartments in the Kowloon peninsula .