Hung Hom ONE MARINA Sells Out Second Round, Records Over HK$40M Single Buyer
HK01 · 3 SOURCESabout 4 hours ago6 MIN
Summary
The ONE MARINA (瑅海) development project in Hung Hom achieved a second consecutive sell-out on November 10, 2026, disposing of all 138 units offered in its second round of sales within the day, generating approximately HK$1.2 billion in revenue . A prominent investor from Sha Tin made the most significant purchase, investing over HK$40 million to acquire five two-bedroom units for long-term rental purposes . Industry observers noted a marked increase in the investor participation ratio compared to the first round of sales, reflecting renewed confidence in Hong Kong's residential rental market. The developer, Sino Land Company (信和置業), immediately followed up by launching a fourth price list covering 71 additional units, with another 92 units scheduled for release the following Saturday .
Key Points
- The second round of sales offered 138 two-bedroom units with usable areas ranging from 380 to 505 square feet, priced between HK$7.17 million and HK$11.28 million after applying the maximum 15% discount .
- The largest buyer, sourced by Midland Realty (中原地產), came from Sha Tin and purchased five units for rental investment, with the transaction exceeding HK$40 million .
- Midland Realty's Deputy Chairman and Residential Division Chief Executive Officer Chan Wing-kit (陳永傑) noted that investor ratio rose to approximately 30% in this round, up from the first round, with end-users comprising the remaining 70% .
- The project's highest-priced unit sold was Flat A5 on 21/F of Tower 2, measuring 505 square feet, at HK$11.81 million or HK$23,392 per square foot .
- Following the sell-out, the project's cumulative sales reached 289 units with proceeds exceeding HK$2.5 billion .
Why It Matters
The project's consecutive sell-outs signal sustained demand for new private residential units in Hung Hom, with investors returning to the market after a period of caution . The immediate follow-up launch of additional units and competitive pricing adjustments of 1-2% suggest developers remain confident in buyer appetite heading into year-end, potentially setting a positive tone for the broader primary market . Additionally, the parallel sales launches announced by neighboring projects First Coast (首岸) and Ying Wui (映匯) indicate intensifying competition in the Hung Hom sub-market, which could shape pricing strategies across the district .
The project's consecutive sell-outs signal sustained demand for new private residential units in Hung Hom, with investors returning to the market after a period of caution . The immediate follow-up launch of additional units and competitive pricing adjustments of 1-2% suggest developers remain confident in buyer appetite heading into year-end, potentially setting a positive tone for the broader primary market . Additionally, the parallel sales launches announced by neighboring projects First Coast (首岸) and Ying Wui (映匯) indicate intensifying competition in the Hung Hom sub-market, which could shape pricing strategies across the district .