Lai Sun's Mount Broadcast Secures Occupation Permit, Tender Launch Imminent
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
Lai Sun Development (stock code: 0488) announced that its luxury residential project Mount Broadcast in Kowloon Tong has received its occupation permit, paving the way for the imminent launch of units via tender. The development has generated substantial interest since its naming in May, with roughly 2,000 enquiries received to date, split evenly between local and mainland customers. Show flats are scheduled to open for prospective buyers in mid-September, with formal sales arrangements to commence later that month.
Key Points
- Mount Broadcast in Kowloon Tong comprises 44 three- and four-bedroom units, alongside two detached houses
- Unit sizes range from 1,089 to 2,217 square feet; the two houses cover 2,623 and 2,621 sq ft respectively
- The project has drawn around 2,000 enquiries since May, with local and mainland buyers each accounting for half
- Show flats will open to the public in mid-September 2026; first sales launched later that month
- The development is under Lai Sun Development Group Property (HK), led by chief executive Allan Chan
Why It Matters
The balanced split between local and mainland buyer interest underscores Hong Kong's continued appeal as a luxury residential destination, particularly in well-established districts like Kowloon Tong where new supply remains scarce. The strong pre-launch enquiry level suggests robust demand ahead of the tender, which could set a pricing benchmark for luxury developments in the sector.
The balanced split between local and mainland buyer interest underscores Hong Kong's continued appeal as a luxury residential destination, particularly in well-established districts like Kowloon Tong where new supply remains scarce. The strong pre-launch enquiry level suggests robust demand ahead of the tender, which could set a pricing benchmark for luxury developments in the sector.