Swire-China Motor Chai Wan Project Hyde Park Sells 4 Units for Over HK$40M in Single Day
AM730 · 1 SOURCESabout 1 hour ago2 MIN
Summary
Swire Properties (1972) and China Motor (026) jointly developed the Chai Wan project Hyde Park, which opened its completed show flats to the public and has since experienced robust sales momentum. On July 25, the development recorded four additional transactions, collectively exceeding HK$40 million in proceeds . Unit prices ranged from approximately HK$8.91 million to HK$10.54 million, translating to saleable-area prices between HK$17,398 and HK$19,591 per square foot. Notably, three of the four units sold were 538-sq-ft two-bedroom apartments, reflecting strong demand for this particular unit type . To date, the project has sold 393 units, accounting for nearly 92 percent of all units released to market .
Key Points
- Hyde Park, developed by Swire Properties and China Motor in Chai Wan, sold four units on July 25 for a combined total exceeding HK$40 million .
- Individual unit prices ranged from approximately HK$8.91 million to HK$10.54 million, with saleable-area prices between HK$17,398 and HK$19,591 per sq ft .
- Three of the four units sold were 538-sq-ft two-bedroom apartments, demonstrating market preference for two-bedroom configurations .
- Cumulative sales have reached 393 units, representing approximately 92 percent of the 427 units released so far .
- The development features Club Headland, an over-80,000-sq-ft residents' clubhouse offering approximately 30 indoor and outdoor recreational facilities .
Why It Matters
The strong sales performance of Hyde Park underscores sustained buyer appetite for quality residential developments in Hong Kong's Eastern District, particularly those backed by established developers with proven track records. The project's near-sellout status of released inventory, combined with robust demand for two-bedroom units, signals healthy underlying market conditions in the mid-tier residential segment despite broader economic uncertainties.
The strong sales performance of Hyde Park underscores sustained buyer appetite for quality residential developments in Hong Kong's Eastern District, particularly those backed by established developers with proven track records. The project's near-sellout status of released inventory, combined with robust demand for two-bedroom units, signals healthy underlying market conditions in the mid-tier residential segment despite broader economic uncertainties.