New Property Sales Surge Past 410 Deals During Hong Kong Long Weekend
On.cc · 1 SOURCESabout 3 hours ago2 MIN
Summary
Hong Kong's new residential market demonstrated remarkable vitality during the three-day holiday weekend of October 17 to 19, 2026, with over 410 first-hand transactions recorded across multiple projects. Two flagship developments emerged as the weekend's standout performers: Sun Hung Kai Properties' West Side Project along Sai Sha Road in the Fourteen Villages area of Sai Kung and Yue Xiu Property's Kingswing I development in Yau Tong, both achieving sell-out results for their initial priced units. The strong sales momentum underscores persistent demand for new private residential properties in Hong Kong's primary market, with developers responding by launching additional batches and adjusting pricing strategies.
Key Points
- Sun Hung Kai's Sai Sha Road project sold all 142 priced units in its first round on October 17, generating over HK$968 million in revenue
- Yue Xiu Property's Kingswing I sold 220 priced units in its second round on the same day, with total sales exceeding HK$1.2 billion
- The 33 Clear Water Bay project recorded the highest price-per-square-foot at HK$27,773 for a 543-sq-ft two-bedroom unit, setting a new record for the development
- Bulk buyers showed significant appetite, with 17 groups each purchasing four units at the Sai Sha Road project, each transaction worth HK$26 million to over HK$30 million
- Both leading projects have scheduled new sales rounds mid-week, with the Sai Sha Road development launching 152 units on Wednesday and Kingswing I offering 82 units to bulk buyers on Saturday
Why It Matters
The strong primary market performance during the holiday period signals sustained confidence among buyers and developers alike, with collective sales exceeding HK$1.4 billion for the two flagship projects alone . This activity could influence broader market sentiment and provide momentum for upcoming land auctions and property-related stocks in Hong Kong's financial markets .
The strong primary market performance during the holiday period signals sustained confidence among buyers and developers alike, with collective sales exceeding HK$1.4 billion for the two flagship projects alone . This activity could influence broader market sentiment and provide momentum for upcoming land auctions and property-related stocks in Hong Kong's financial markets .