September Presale Applications Surge to 3,778 Units, Highest in Two Years
AM730 · 2 SOURCESabout 4 hours ago2 MIN
Summary
Hong Kong's Lands Department recorded seven new presale consent applications in September 2026, covering 3,778 units in total. This marked a dramatic increase from August's 1,125 units and represents the highest monthly figure in over four years. Developers are accelerating their launch preparations amid a steady uptick in primary market transactions, with major projects including New World Development's Fanling North initiative and Wheelock's Kowloon Godown redevelopment among the applicants.
Key Points
- Seven projects submitted presale applications in September 2026, totalling 3,778 units — a 2.3-fold increase from August's 1,125 units and the highest since May 2022
- New World Development (stock code: 017) and China Merchants Shekou jointly applied for their Fanling North Ma Sik Road project (Fanling Sheung Shui Town Lot No. 297) in four phases, providing 2,290 units overall with targeted completion by December 31, 2030
- Wheelock Property's Kowloon Godown redevelopment in Kowloon Bay submitted separate applications for Phase C (348 units) and Phase D (550 units), expected to complete by September and December 2029 respectively
- Sun Hung Kai Properties (stock code: 016) applied for presale of YOHO SEASONS Phase 2 in Yuen Long's Tung Cheong Street, comprising 590 units with anticipated completion by May 15, 2028
- As of end-September, pending presale applications rose to 34 projects covering 15,378 units, up 2,398 units or approximately 18.5% month-on-month — the highest level in nearly two years since October 2024
Why It Matters
The surge in presale applications signals heightened confidence among major developers in the primary residential market, with New World, Wheelock, and Sun Hung Kai all moving to secure presale consent for substantial pipelines . The volume of pending applications indicates a robust supply pipeline that could significantly boost new home completions through the end of the decade, potentially reshaping market dynamics for homebuyers in the coming years.
The surge in presale applications signals heightened confidence among major developers in the primary residential market, with New World, Wheelock, and Sun Hung Kai all moving to secure presale consent for substantial pipelines . The volume of pending applications indicates a robust supply pipeline that could significantly boost new home completions through the end of the decade, potentially reshaping market dynamics for homebuyers in the coming years.