Kowloon Development Unveils 33 Clear Water Bay Project
AM730 · 1 SOURCESabout 13 hours ago2 MIN
Summary
Kowloon Development has launched the branding for its Clear Water Bay Road project in Ngau Chi Wan as “33 Clear Water Bay”, a large-scale scheme to be built in five phases with more than 2,000 homes overall . The first phase will supply 361 flats with saleable areas from 492 to 1,039 square feet, covering two-bedroom to four-bedroom layouts aimed at families, upgraders and investors . Management said the project is awaiting presale approval and could be launched as soon as consent is granted, with pricing to be benchmarked against MTR station-top projects in Kai Tak and Kowloon . The developer also stressed transport connectivity, retail scale and preserved heritage elements as key selling points .
Key Points
- Phase 1 of 33 Clear Water Bay will provide 361 units, with saleable areas ranging from 492 to 1,039 square feet .
- The full project will be developed in five phases, across five residential towers, supplying more than 2,000 flats in total .
- Kowloon Development said pricing will reference MTR station-top projects, including developments in Kai Tak and other Kowloon districts .
- The scheme is linked to Choi Hung Station and may benefit from the proposed Choi Hung East Station, creating potential dual-station access .
- The podium will include a 650,000-square-foot mall, three preserved historic buildings, and over 200,000 square feet of clubhouse and landscaped space .
Why It Matters
The project is one of Kowloon Development’s key launches this year and reflects the developer’s confidence in the upper-end residential market despite a recent slowdown in primary sales activity . Its scale, transport positioning and mixed-use features could make it a notable benchmark for pricing and demand in East Kowloon’s new-home market, especially as developers continue to push fresh supply into the market .