33 Clear Water Bay Phase 1 to Launch 73 Units via Tender Next Week
AM730 · 3 SOURCESabout 3 hours ago2 MIN
Summary
Kowloon Development (stock code: 034) has accelerated the launch of its 33 Clear Water Bay project in Ngau Chi Wan, releasing the sales brochure on Wednesday evening and opening demonstration units to media on Thursday. The Phase 1 development will offer at least 73 units sized 538 square feet and above through tender starting next week. The project has attracted significant market interest with approximately 2,000 enquiries recorded since its naming. The developer is set to release the first price list later this month, with pricing expected to benchmark against MTRapid transit-linked developments in the Kowloon area.
Key Points
- Kowloon Development (034) is developing the 33 Clear Water Bay project on Clear Water Bay Road in Ngau Chi Wan, with Phase 1 comprising at least 73 units
- Demonstration units opened to media on October 8, with public access available from October 9, featuring two-bedroom (507 sq ft) and four-bedroom (1,039 sq ft) show flats
- The project has received approximately 2,000 enquiries since its naming and has obtained the pre-sale consent for uncompleted properties
- The four-bedroom show flat based on Unit A, 18/F, Tower 2 features a 6.5-meter wide open-plan living room facing southeast with views of the city and Victoria Harbour
- Pricing will reference Kowloon MTR station rooftop projects, with the first price list anticipated to be published later this month
Why It Matters
The 33 Clear Water Bay project represents a notable addition to Kowloon's residential market at a time when developers are seeking to gauge buyer appetite amid fluctuating property sentiment. The decision to launch units via tender rather than fixed-price sales reflects a cautious approach, allowing the developer to test market demand before committing to specific pricing. For prospective buyers, the project's strategic location on Clear Water Bay Road and the variety of unit sizes may offer alternatives to the limited supply of new homes in eastern Kowloon .
The 33 Clear Water Bay project represents a notable addition to Kowloon's residential market at a time when developers are seeking to gauge buyer appetite amid fluctuating property sentiment. The decision to launch units via tender rather than fixed-price sales reflects a cautious approach, allowing the developer to test market demand before committing to specific pricing. For prospective buyers, the project's strategic location on Clear Water Bay Road and the variety of unit sizes may offer alternatives to the limited supply of new homes in eastern Kowloon .