Sun Hung Kai Unveils Sha Tin Project One Centric, Targets Year-End Launch
AM730 · 4 SOURCESabout 3 hours ago2 MIN
Summary
Sun Hung Kai Properties (SHKP) officially named its upcoming Sha Tin residential project "One Centric" on Thursday, October 29, 2026, with the 342-unit development positioned as a commuter-friendly option for buyers seeking proximity to the MTR network . The project is currently awaiting pre-sale consent from authorities, with the developer aiming for a launch before the end of 2026 . Located in Siu Lek Yuen near the City One MTR Station, the development offers one to three-bedroom units, with two-bedroom configurations forming the core offering . The pricing strategy will draw comparisons to Kowloon East projects, given the convenient access to central Kowloon .
Key Points
- Project name "One Centric" highlights proximity to MTR City One Station, with residents needing only one minute to reach the platform
- The development comprises 342 small-to-medium-sized units spanning one to three bedrooms, with two-bedroom units as the primary product focus
- Sun Hung Kai acquired the land in July 2024 for HK$619 million, translating to approximately HK$3,952 per square foot of gross floor area; total investment estimated at HK$2 billion
- Units feature a minimum size restriction of 280 square feet, with the expected completion date set for February 9, 2029
- The project sits within Primary One School Net 91 and enjoys over 1 million square feet of nearby retail amenities including City One Town Centre and Fortune City One
Why It Matters
The One Centric launch reflects Sun Hung Kai's continued confidence in Sha Tin as a residential hub, with the developer's HK$2 billion investment commitment signaling strong belief in demand from commuters and university-adjacent renters near Chinese University of Hong Kong . The project's reference pricing to Kowloon East could influence how buyers perceive value in the New Territories, particularly as MTR accessibility reduces the traditional price gap between suburban and urban locations .
The One Centric launch reflects Sun Hung Kai's continued confidence in Sha Tin as a residential hub, with the developer's HK$2 billion investment commitment signaling strong belief in demand from commuters and university-adjacent renters near Chinese University of Hong Kong . The project's reference pricing to Kowloon East could influence how buyers perceive value in the New Territories, particularly as MTR accessibility reduces the traditional price gap between suburban and urban locations .