New Home Sales Continue as HENLEY PARK 3-Bed Unit Sells for HK$31 Million
SingTao · 1 SOURCESabout 1 hour ago5 MIN
Summary
New home transactions continued across Hong Kong on Wednesday, with Henderson Land's completed HENLEY PARK project in Kai Tak recording another sale. A 937-sq-ft three-bedroom unit at the development sold for HK$31.014 million, translating to approximately HK$33,099 per sq ft. Multiple other new developments reported sales activity, including projects by Sun Hung Kai Properties, New World Development, and Wheelock Properties, demonstrating sustained demand in the primary residential market.
Key Points
- HENLEY PARK sold Flat A on 9/F of Tower 1A, measuring 937 sq ft with three bedrooms and one ensuite bathroom, for HK$31.014 million (HK$33,099 per sq ft)
- New World's The Siena Phase 2 in Kai Tak sold two units on the 23rd and 27th floors of Tower 2, both 478-sq-ft two-bedroom flats, for HK$13.747 million and HK$14.195 million respectively
- New World and MTR's Patina Bay III in Tai Wai sold Flat E on 57/F of Tower 8B (475 sq ft) for HK$13.288 million (HK$27,975 per sq ft)
- Chinachem and MTR's ONE VICTORY in Ho Man Tin sold a 550-sq-ft two-bedroom特色戶 with a 159-sq-ft platform facing Victoria Harbour for HK$17.05 million (HK$31,000 per sq ft)
- New World Development divested retail podium units at two under-construction residential projectsAustin and Kowloon City—generating approximately HK$118 million in total
Why It Matters
The continued transaction volume across multiple new development projects signals resilient demand in Hong Kong's primary residential market despite broader economic headwinds. New World Development's disposal of retail podium units at pre-completion projects also indicates developers are actively monetising non-core assets to improve liquidity amid rising interest rates and property market cooling measures .
The continued transaction volume across multiple new development projects signals resilient demand in Hong Kong's primary residential market despite broader economic headwinds. New World Development's disposal of retail podium units at pre-completion projects also indicates developers are actively monetising non-core assets to improve liquidity amid rising interest rates and property market cooling measures .