One Homantin Tin Hoi Sells Victoria Harbour 3-Bed Unit for HK$36.39M via Tender
SingTao · 2 SOURCESabout 1 hour ago2 MIN
Summary
Wang On Group and MTR Corporation jointly developed the One Homantin Tin Hoi project at Ho Man Tin Station. The development achieved a significant milestone on Friday when a premium Victoria Harbour-facing 3-bedroom unit was sold via tender for HK$36.39 million. The transaction underscores sustained investor appetite for strategic harbourfront properties in Hong Kong's premium residential market, with the broader One series now surpassing 90% sell-through rate. Market observers note that the recent flurry of high-value transactions within three days signals renewed confidence in the luxury segment.
Key Points
- The sold unit is Tower 2A, 26th floor, Flat A, featuring 997 sq ft with 3 bedrooms, ensuite bathroom, and storage room, offering south-facing Victoria Harbour views
- Transaction price reached HK$36.391 million, translating to approximately HK$36,501 per sq ft through tender sale on Friday, March 21
- Front-row Victoria Harbour units in the development have cumulatively sold 125 units, generating over HK$3.1 billion in revenue with average price per sq ft exceeding HK$33,000
- Two Victoria Harbour 3-bedroom premium units sold within three days, collectively generating over HK$76 million
- The entire One series has sold 765 units, representing over 90% of total inventory, with cumulative sales exceeding HK$13.5 billion
Why It Matters
The successful tender sale demonstrates continued appetite for Hong Kong's premium waterfront residences despite broader market uncertainties, with the One Homantin project emerging as one of the most successful MTR-linked developments in recent years . The strong sales performance and high average price per sq ft for Victoria Harbour-facing units reinforce the sustained premium that harbourfront locations command in Hong Kong's property market, potentially influencing future pricing strategies for similar developments .
The successful tender sale demonstrates continued appetite for Hong Kong's premium waterfront residences despite broader market uncertainties, with the One Homantin project emerging as one of the most successful MTR-linked developments in recent years . The strong sales performance and high average price per sq ft for Victoria Harbour-facing units reinforce the sustained premium that harbourfront locations command in Hong Kong's property market, potentially influencing future pricing strategies for similar developments .