Kai Tak Harbour Records Two Sales in Single Day, Prices Reach 23,000 Per Sq Ft
On.cc · 2 SOURCESabout 1 hour ago2 MIN
Summary
The Kai Tak Harbour development, jointly developed by K. Wah International Enterprises, Wheelock Living and China Overseas Land & Investment, recorded two residential unit transactions on the same day, with prices per square foot approaching the 23,000 HKD mark. The two units sold were both located in Tower 1C Section A, each with a usable area of 613 square feet and featuring a two-bedroom plus ensuite and storage layout. Both purchasing parties were local Hong Kong residents acquiring properties for owner-occupancy purposes. The developer has indicated that a new batch of units will be released to the market soon.
Key Points
- Kai Tak Harbour is co-developed by three major property developers: K. Wah International, Wheelock Living and China Overseas Land
- The 18th floor Unit A in Tower 1C sold for 14.498 million HKD, translating to approximately 23,651 HKD per square foot
- The 6th floor Unit A in Tower 1C sold for 13.382 million HKD, translating to approximately 21,830 HKD per square foot
- Both units have a usable area of 613 square feet and feature a two-bedroom plus ensuite with storage room layout
- Both buyers were local Hong Kong customers purchasing for self-living purposes, not for investment
- The developer announced that a new batch of units will be launched to the market shortly
Why It Matters
The strong sales performance at Kai Tak Harbour, despite market concerns about the property sector, indicates sustained demand for quality residential units in the Kai Tak development zone. The imminent launch of additional units suggests developers remain confident in buyer appetite and may seek to capitalise on current market momentum to maximise pricing .
The strong sales performance at Kai Tak Harbour, despite market concerns about the property sector, indicates sustained demand for quality residential units in the Kai Tak development zone. The imminent launch of additional units suggests developers remain confident in buyer appetite and may seek to capitalise on current market momentum to maximise pricing .