KT Marina II Sells 86 Units for Over HK$610 Million in Kai Tak Weekend Launch
Thestandard · 1 SOURCESabout 4 hours ago2 MIN
Summary
K Wah International's flagship KT Marina II project in Kai Tak recorded robust sales on Saturday, with 86 of 100 price-listed units sold for over HK$610 million. The residential development, jointly developed with Wheelock Properties and China Overseas Land and Investment, attracted both individual buyers and institutional investors seeking rental income streams.
Key Points
- KT Marina II sold 86 out of 100 price-list units on Saturday, generating over HK$610 million in sales revenue
- One buyer purchased nine one-bedroom flats for more than HK$53 million, expected to be held for long-term rental purposes
- The project has sold 103 units in total across two days, including units sold via tender, bringing in approximately HK$850 million
- Tony Chow, general manager of business development (Hong Kong Properties) at K Wah International, provided the sales figures
- The development is co-developed by K Wah International (stock code: 0173), Wheelock Properties, and China Overseas Land and Investment (stock code: 0688)
Why It Matters
The strong investor appetite for multiple units at KT Marina II signals continued confidence in Kai Tak as a prime residential location and highlights the growing trend of wealthy buyers acquiring flats specifically for rental income rather than personal occupation . Developers are responding to demand by announcing new sales arrangements in the coming days, indicating the market remains active despite broader economic uncertainties.
The strong investor appetite for multiple units at KT Marina II signals continued confidence in Kai Tak as a prime residential location and highlights the growing trend of wealthy buyers acquiring flats specifically for rental income rather than personal occupation . Developers are responding to demand by announcing new sales arrangements in the coming days, indicating the market remains active despite broader economic uncertainties.