Sin Laz, CMG Land, URA Joint Project Tin Hoi Wins Pre-sale Consent for 451 Units
AM730 · 2 SOURCES1 day ago2 MIN
Summary
The Lands Department approved pre-sale consent for three residential projects in September 2026, involving a total of 1,380 units—a 26.6% decrease from August's 1,879 units . The flagship Hung Hom project Tin Hoi, jointly developed by Sin Laz (083), China Merchants Land (978), and the Urban Renewal Authority, encompasses 451 units across two residential towers . The development offers unit types ranging from one-bedroom to four-bedroom configurations, with two-bedroom units accounting for more than 70% of the total inventory . Developers indicated the project could release its sales brochure and commence sales as early as this month, with anticipated completion set for September 30, 2028 .
Key Points
- Tin Hoi project at Hung Hom's Wing Kwong Street is jointly developed by Sin Laz, China Merchants Land, and the Urban Renewal Authority, offering 451 units
- The development consists of two residential towers with units spanning one-bedroom to four-bedroom layouts, with two-bedroom units exceeding 70% of inventory
- Expected completion date is September 30, 2028, with developers planning to release the sales brochure and begin sales imminently
- The other two approved projects are Sun Hung Kai's SIERRA SEA Phase 2C(2) in Sai Kung with 522 units, and China Resources Land's Zhuijing II in Southwest Kowloon with 407 units
- Sun Hung Kai's SIERRA SEA Phase 2C(2) launched its first price list of 105 units on October 6, with completion targeted for March 28, 2028
Why It Matters
The September approval of 1,380 units marks a significant addition to Hong Kong's primary residential market, which has seen fluctuating supply levels throughout 2026. The Tin Hoi project's location in Hung Hom—a maturing urban renewal area—combined with its focus on two-bedroom units positions it to address persistent demand from both investors and owner-occupiers seeking mid-sized apartments in established neighbourhoods. With Q3 2026 delivering 3,766 units across nine projects, the market anticipates sustained competitive pressure among developers to attract buyers.
The September approval of 1,380 units marks a significant addition to Hong Kong's primary residential market, which has seen fluctuating supply levels throughout 2026. The Tin Hoi project's location in Hung Hom—a maturing urban renewal area—combined with its focus on two-bedroom units positions it to address persistent demand from both investors and owner-occupiers seeking mid-sized apartments in established neighbourhoods. With Q3 2026 delivering 3,766 units across nine projects, the market anticipates sustained competitive pressure among developers to attract buyers.