Park Beaumont III Hits 2,000 Units Sold, HK$17.3 Billion in Revenue
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
The joint-venture development Park Beaumont III at MTR Kam Sheung Road Station has recorded cumulative sales of 2,000 units, surpassing the 90-percent threshold of total project inventory, with total proceeds exceeding HK$17.3 billion . On September 16, 2026, the project sold one additional mid-level three-bedroom unit through tender, with a transaction price of HK$14.12 million at HK$18,603 per square foot . The buyer, described as a foreign national, has been closely monitoring property market dynamics in the Northern Metropolis and accelerated their purchase decision following the latest Policy Address announcements .
Key Points
- Park Beaumont III sold 2,000 units total, exceeding 90 percent of the project's total units, generating over HK$17.3 billion in cumulative revenue
- The latest transaction involved Unit A3 on 10/F of Tower 5, with a saleable area of 759 sq ft featuring three bedrooms with en-suite and helper's room
- The property was sold via tender for HK$14.12 million, translating to HK$18,603 per sq ft
- The project is a joint development by Sun Hung Kai Properties (083), K. Wah International (173), China Overseas Land & Investment (688), and MTR Corporation (066)
- Buyer demographics include Mainland professionals from Shenzhen tech firms and frequent Hong Kong-Greater Bay Area business travelers
Why It Matters
The strong sales performance of Park Beaumont III underscores growing investor confidence in the Northern Metropolis as Hong Kong's new growth engine . With infrastructure projects including the North Ring Line and Hong Kong-Shenzhen Western Railway prioritized in the latest Policy Address, developments positioned at major railway interchange hubs are likely to remain highly sought after by both local and international buyers seeking exposure to the Greater Bay Area .
The strong sales performance of Park Beaumont III underscores growing investor confidence in the Northern Metropolis as Hong Kong's new growth engine . With infrastructure projects including the North Ring Line and Hong Kong-Shenzhen Western Railway prioritized in the latest Policy Address, developments positioned at major railway interchange hubs are likely to remain highly sought after by both local and international buyers seeking exposure to the Greater Bay Area .