business · AM730

One Homantin Project Sells Kowloon-Facing 3-Bed Unit for Record HK$31.5 Million

AM730 · 2 SOURCESabout 2 hours ago2 MIN

Summary

The Ho Man Tin station podium development One Homantin · Grand Marine, jointly developed by Chan Yung Civil Estate and MTR Corporation, achieved another milestone on September 9, 2026, with the sale of a west Kowloon-facing three-bedroom show flat for HK$31.486 million. The transaction set a new price record for standard three-bedroom units facing this direction, highlighting sustained demand for premium residential properties in the area. The project has now sold 767 units, accounting for over 90% of the total development, with cumulative sales exceeding HK$13.6 billion.

Key Points

The sold unit is Tower 2B, 25/F, Unit A, a 957 sq ft three-bedroom with ensuite and storage
Transaction price reached HK$31.486 million, translating to HK$32,901 per sq ft, a new high for the unit type
The property is a fully furnished show flat with custom-made furniture designed around green inspirations
Only one remaining high-floor unit of this type exists: Tower 2B, 28/F, Unit A
The project has sold 767 of approximately 840 units total, generating over HK$13.6 billion in sales revenue

Why It Matters

This transaction demonstrates continued investor confidence in MTR-linked developments despite broader market headwinds, with the record-breaking price per sq ft suggesting that premium locations with direct transit connectivity command substantial premiums. The near-sellout status of the project underscores the robust demand for well-positioned residential units in Hong Kong's established residential districts.