business · Thestandard

Soundwill's iCITY Phase 2 Achieves 75% Sales with HK$565 Million in Revenue

Thestandard · 1 SOURCESabout 2 hours ago2 MIN

Summary

Soundwill's iCITY Phase 2, a 24-hour digital industrial landmark in Kwai Chung, has achieved strong sales performance with 203 units sold as of August 31, 2026. The project generated HK$565 million in cash sales, with an average transaction price of HK$2.78 million per unit. The developer reported 21 units transacted in August alone, with prices ranging from HK$2.49 million to HK$3.38 million. Three large-scale transactions were recorded, including one group purchasing three units for a total of HK$8.65 million. Soundwill announced plans to raise prices by 3 to 5 percent for some units and is preparing to launch Phase I of the project to meet continued demand.

Key Points

Soundwill's iCITY Phase 2 sold 203 units as of August 31, 2026, exceeding 75 percent of available units
Total transaction amount reached HK$565 million at an average price of HK$2.78 million per unit
August alone saw 21 units transacted, with individual prices ranging from HK$2.49 million to HK$3.38 million
Three large-scale transactions were recorded, including one group purchase of three units for HK$8.65 million
The developer will raise prices for selected units by 3 to 5 percent and prepare to launch Phase I

Why It Matters

The strong sales performance of iCITY Phase 2 reflects robust demand for 24-hour workspaces in Hong Kong's industrial sector, signaling investor confidence in digital industrial properties. The project's success and planned price increases may influence similar developments across the territory and attract more attention to Kwai Chung's transformation into a digital industrial hub.