Discovery Bay Monaco View Sells High-Floor 2-Bed at HK$10.9M; National Day Luxury Perks on Offer
AM730 · 2 SOURCESabout 3 hours ago6 MIN
Summary
Hong Kong Estates (stock code: 480) and CITIC Pacific jointly developed the Monaco View project in Discovery Bay on Lantau Island, which has garnered strong market interest since its launch. On September 28, Centraline Property successfully brokered the tender sale of Unit B on the 11th floor of Block 6—a high-floor garden-view two-bedroom unit—with a transaction price of HK$10.888 million and a per-square-foot price of HK$18,238. The buyer was a young professional already residing in the area who sought to upgrade to a brand-new residence in the community.
Key Points
- The sold unit, located at Block 6, 11/F, Flat B, has a saleable area of 597 sq ft, commanding a price of HK$10.888 million and a per-sq-ft price of HK$18,238 .
- The buyer, a young professional from the Discovery Bay neighborhood, was attracted by the completed project's immediate occupancy, central park and coastline views, plus 25-minute ferry access to Central .
- Centraline Property launched a National Day promotional campaign offering two luxury yacht club party vouchers worth HK$42,800 each to the first two buyers of three-bedroom units, with a total promotional value of HK$85,600 .
- The promotional period runs from now until October 31, 2026, exclusively for the first two three-bedroom new residential units purchased through Centraline .
- According to Centraline Research data, the Islands District recorded over 120 secondary private residential transactions exceeding HK$10 million in the first eight months of 2026, surpassing the full-year 2025 total .
- The entire Monaco View development (意濤) comprises approximately 1,400 units, including a new 160,000-sq-ft central park with a 1,200-meter jogging track and 950-meter cycling path .
Why It Matters
This transaction underscores sustained demand for premium waterfront residences in Hong Kong's outer islands, particularly among high-net-worth professionals seeking resort-style living with city connectivity. The combination of government talent attraction schemes and the Monaco View's completed status—offering both immediate occupancy and investment flexibility—positions Discovery Bay as a compelling destination for elite buyers entering Hong Kong's property market .
This transaction underscores sustained demand for premium waterfront residences in Hong Kong's outer islands, particularly among high-net-worth professionals seeking resort-style living with city connectivity. The combination of government talent attraction schemes and the Monaco View's completed status—offering both immediate occupancy and investment flexibility—positions Discovery Bay as a compelling destination for elite buyers entering Hong Kong's property market .