Five Residential Projects Get Pre-Sale Consent, 1,879 Units Approved in August
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
The Lands Department approved pre-sale consent for five residential projects in August 2026, totaling 1,879 units—a 2.7-fold increase from July's 507 units from a single project, marking the highest approval volume in nine months since November 2025. The approved projects include Yat Sing Holdings' Yau Tong development (1,339 units across three phases), Cheung Kong's Flora Sea Phase 3 in Kai Tak (282 units), and Swire Properties' The Habitat Phase 2 in Chai Wan (258 units). With 30 projects still awaiting pre-sale consent for 12,980 units, the market anticipates increased new home supply in the coming quarters.
Key Points
- Yat Sing Holdings' Yau Tong project on Dongyuan Street received pre-sale approval for all three phases, providing 1,339 units (617 + 617 + 105), with expected completion on December 30, 2028
- The Yau Tong project, formerly a cold storage warehouse, had its land premium finalized in 2023 at over HK$1.346 billion, or approximately HK$2,040 per square foot of floor area
- Cheung Kong's Flora Sea Phase 3 in Kai Tak's runway area secured 282 units, representing the final seafront supply in the district, with target completion on September 30, 2027
- Swire Properties' The Habitat Phase 2 in Chai Wan (258 units, 547–2,847 sq ft, 2-4 bedrooms) will launch 52 units via tender from September 11 to December 31
- Three new applications for pre-sale consent were submitted, covering 1,125 units, including Wharf and Wheelock's Kowloon Bay redevelopment (552 units, completion June 2029)
Why It Matters
The surge in pre-sale approvals signals a significant boost to new home supply in Hong Kong's secondary market, with the Yau Tong project alone adding over 1,300 units to future inventory. As major developers prepare to launch projects in the fourth quarter of 2026, buyers will have more options, potentially easing price pressures in the primary residential market .
The surge in pre-sale approvals signals a significant boost to new home supply in Hong Kong's secondary market, with the Yau Tong project alone adding over 1,300 units to future inventory. As major developers prepare to launch projects in the fourth quarter of 2026, buyers will have more options, potentially easing price pressures in the primary residential market .