New Flat Weekend Sales Near 180 Deals, Halved From Previous Week
On.cc · 3 SOURCESabout 6 hours ago1 MIN
Summary
Hong Kong's primary residential market experienced a mixed weekend with approximately 180 new flat transactions recorded across October 3-4, 2026, marking a significant decline of nearly 50 percent compared to the previous weekend . The West Kowloon development Jadei II by China Resources Land (Overseas) dominated sales, selling 147 units in a single day during its second-round price-list launch, with the largest single buyer spending over HK$39.53 million on four units . The broader market saw continued activity with projects like The Richmond achieving record prices and Billionaire Horizon I in Yau Tong receiving overwhelming application numbers, demonstrating sustained demand despite cooling transactions .
Key Points
- Jadei II sold 147 units on Saturday (October 3) via price list and tender, raising over HK$1.524 billion in a single day
- The project's two phases have sold 815 units in under 1.5 months, generating approximately HK$8.04 billion in cumulative sales
- The Richmond sold its 5/F Block 5 penthouse for HK$260 million, setting a new 2026 record for Kowloon first-hand stratified residential units
- Billionaire Horizon I received over 15,000 applications for 226 units, representing an over-subscription rate exceeding 65 times
- The Kai Tak Runway area recorded 5 transactions worth approximately HK$36.22 million, including a long-term investor purchasing three units for about HK$21.3 million