Henderson Land Launches Chester II with 263 Units in Hung Hom
Thestandard · 1 SOURCESabout 3 hours ago2 MIN
Summary
Henderson Land Development (stock code: 0012) has launched Chester II in Hung Hom with 263 residential units, with pricing expected to be announced within the next two days. The development offers one- to three-bedroom apartments ranging from 226 to 630 square feet in saleable area, with one- and two-bedroom units accounting for over 80 percent of the total. Show flats opened to the media on Wednesday, one day after the sales brochure was uploaded on Tuesday. The first phase of Chester II achieved sales of over 90 percent of its units, generating HK$1.9 billion in revenue.
Key Points
- Chester II in Hung Hom comprises 263 units: 88 one-bedroom, 124 two-bedroom, and 51 three-bedroom apartments
- Unit sizes range from 226 to 630 square feet, with a three-bedroom, one-bathroom plus storage room layout spanning 630 sq ft
- Sales brochure uploaded on Tuesday; show flats opened to media on Wednesday
- Pricing guided by first-hand market transactions over the past three months
- First phase sold 218 units (over 90 percent) for HK$1.9 billion; Midtown South project sold 1,502 units totaling HK$9.4 billion
Why It Matters
The launch of Chester II demonstrates Henderson Land's continued confidence in Hong Kong's residential market, with strong pre-sales performance from the first phase suggesting robust demand. The project's pricing will serve as a key benchmark for other developments in the Hung Hom area and the broader Kowloon district, potentially influencing market sentiment in the coming weeks .
The launch of Chester II demonstrates Henderson Land's continued confidence in Hong Kong's residential market, with strong pre-sales performance from the first phase suggesting robust demand. The project's pricing will serve as a key benchmark for other developments in the Hung Hom area and the broader Kowloon district, potentially influencing market sentiment in the coming weeks .