MONACO MARINE One-Bed Unit Sold for HK$8.8M as Series Nears Sellout
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
Wheelock Properties' MONACO MARINE completed-property development in Kai Tak recorded a sale on September 2, 2026, of a 328-sq-ft one-bedroom unit with open kitchen for HK$8,799,000. The MONACO series has cumulatively sold 1,693 units for over HK$21.5 billion, with only four units left across all phases. The project's appeal is bolstered by its location adjacent to the Kai Tak Sports Park and a riverside park set to open this month.
Key Points
- Transaction involved Unit H on 38/F of Tower 1A at MONACO MARINE, spanning 328 sq ft in a one-bedroom open-kitchen layout
- Sale price reached HK$8,799,000, translating to HK$26,826 per sq ft
- Entire MONACO series has sold 1,693 units, generating over HK$21.5 billion in revenue
- GRANDE MONACO phase cleared all units in early 2026; MONACO MARINE has just two units remaining
- Combined with MONACO ONE, only four units remain unsold across the entire series
- MONACO MARINE comprises four low-rise blocks with 84 units in total
- Kai Tak Riverside Park is scheduled to open within September, enhancing connectivity between Kai Tak Station Plaza and Shing Chi Road
Why It Matters
The near-complete sellout of the MONACO series underscores persistent demand for premium residential properties in Hong Kong's evolving Kai Tak development zone. With limited inventory remaining and new amenities approaching completion, the transaction signals continued confidence in the district's long-term value proposition for both end-users and investors .
The near-complete sellout of the MONACO series underscores persistent demand for premium residential properties in Hong Kong's evolving Kai Tak development zone. With limited inventory remaining and new amenities approaching completion, the transaction signals continued confidence in the district's long-term value proposition for both end-users and investors .