business · AM730

New World Sells Final Unit at Kowloon City Project, All 120 Flats Gone

about 6 hours ago2 MIN
New World Sells Final Unit at Kowloon City Project, All 120 Flats Gone

Summary

New World Development (017) has completed the sale of all 120 units at its Zhenbo development in Kowloon City, marking the final sell-out of the BOHEMIAN COLLECTION trilogy. The last unit sold on September 28, 2026 was a three-bedroom penthouse on the 26th floor, fetching HK$14.49 million or HK$24,986 per square foot of saleable area .

Key Points

  • The final unit sold was Flat E on the 26th floor, featuring a 580 sq ft saleable area with three bedrooms including one en-suite, an enclosed kitchen, and a 462 sq ft rooftop .
  • The buyer was attracted by New World Development's brand reputation, the project's artisan design, Lion Rock views, and a ceiling height of up to 4 metres between floors .
  • Additional drawcards include proximity to MTR Sung Wong Toi station, which is within walking distance, and the prestigious Primary 41 school net .
  • Zhenbo comprises 120 units total: 39 one-bedroom (244–252 sq ft), 38 two-bedroom (330–335 sq ft), 38 three-bedroom (580–607 sq ft), and 5 special units .
  • The project is divided into two zones: MUSE ZONE (3rd–25th floors) with ceilings up to 3.5 metres high, and SKY DELUXE (26th floor) with ceilings reaching 4 metres .
  • The expected key date for completion is September 30, 2027 .

Why It Matters

Zhenbo's sell-out concludes New World's BOHEMIAN COLLECTION, a three-project strategy that also included Zhener and Zhenyue, together generating nearly HK$1.7 billion in sales . This demonstrates sustained demand for new homes in Kowloon City, a mature district with limited fresh supply, while underscoring New World's ability to price premium units successfully amid a competitive property market.
Zhenbo's sell-out concludes New World's BOHEMIAN COLLECTION, a three-project strategy that also included Zhener and Zhenyue, together generating nearly HK$1.7 billion in sales . This demonstrates sustained demand for new homes in Kowloon City, a mature district with limited fresh supply, while underscoring New World's ability to price premium units successfully amid a competitive property market.

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