Henderson Land Sells Two Units via Tender for HK$62.38 Million
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Henderson Land Properties Agency announced on Tuesday that its second sales division had successfully tendered out two residential units, netting approximately HK$62.38 million in a single day . The flagship transaction involved a unit at The Atelier, a completed development within the sprawling PARK PENINSULA project in Kai Tak, which sold for HK$43.78 million . Meanwhile, the group's North District project Golf Royal also recorded a sale worth HK$18.6 million on the same day .
Key Points
- The Atelier sold 6 Tower 6 Flat B (23/F), spanning 1,102 sq ft, for HK$43.78 million at HK$39,728 per sq ft
- The Atelier has now accumulated 316 units sold, bringing total proceeds to approximately HK$13.22 billion including parking spaces
- The development is located at 22 Shing Fung Road, Kai Tak, comprising 566 units in 7 high-rise and 1 low-rise blocks
- The Atelier is a joint venture among six major developers: Henderson Land (012), China Overseas Land & Investment (688), Wangker Group, Empire Group, New World Development (017), and Wheelock Properties
- Golf Royal in Sheung Shui sold 1 Tower 1 Flat B (23/F), 1,108 sq ft, for HK$18.6 million or HK$16,787 per sq ft
Why It Matters
The dual-tender success demonstrates sustained demand for premium residential properties in Hong Kong's emerging Kai Tak precinct, where the collaborative development model involving six major developers has now exceeded HK$13 billion in cumulative revenue . This transaction volume signals continued confidence in the Hong Kong property market among both developers and buyers, particularly in completed projects that offer immediate occupancy.
The dual-tender success demonstrates sustained demand for premium residential properties in Hong Kong's emerging Kai Tak precinct, where the collaborative development model involving six major developers has now exceeded HK$13 billion in cumulative revenue . This transaction volume signals continued confidence in the Hong Kong property market among both developers and buyers, particularly in completed projects that offer immediate occupancy.