Hung Hom Platform Unit Sells at Record HK$27,000 per Sq Ft
AM730 · 2 SOURCESabout 1 hour ago4 MIN
Summary
A platform特色戶 (platform unit) at The Reach Phase 4 in Hung Hom has fetched a record price, with the sale of Unit A on the third floor of Tower 2 for HK$16,335,000, translating to HK$27,000 per square foot—the highest rate ever achieved by the development. The unit offers a saleable area of 605 square feet alongside an attached platform of 470 square feet. The development is a joint venture among Henderson Land Development (恒基地產), Hin Lam Development (希慎興業), Empire Group (帝國集團), and the Urban Renewal Authority (市建局).
Key Points
- Unit 2, 3/F, Type A at The Reach Phase 4 sold for HK$16,335,000, achieving HK$27,000 per sq ft—a project record
- The unit has a saleable area of 605 sq ft plus a private platform of 470 sq ft
- The Reach series has sold 695 units, accounting for 92.5% of all available units, for total proceeds of HK$5.888 billion
- Phase 4 comprises 264 units, including 4 platform特色戶 and 4 sky terrace units as part of 8 special units
- Projected key handover date is August 31, 2027
- Han Ka-fai, Director and General Manager (Sales District 2) at Henderson Property Agency, confirmed the transaction
Why It Matters
The record-breaking price-per-square-foot demonstrates sustained buyer confidence in the Hung Hom waterfront market despite broader economic headwinds, while the near-sellout performance of The Reach series underscores the continued appetite for premium residential units with outdoor space in one of Kowloon's most coveted districts .
The record-breaking price-per-square-foot demonstrates sustained buyer confidence in the Hung Hom waterfront market despite broader economic headwinds, while the near-sellout performance of The Reach series underscores the continued appetite for premium residential units with outdoor space in one of Kowloon's most coveted districts .