Kai Tak Harbour Records 17 Unit Sales in Single Day, Major Buyer Acquires Three Units
AM730 · 2 SOURCESabout 1 hour ago2 MIN
Summary
The Kai Tak Harbour residential project, co-developed by K. Wah International (173), Wheelock Properties and China Overseas Land & Investment (688), achieved robust sales on September 10, 2026, with 17 units sold in a single day, collectively fetching approximately HK$120 million . The development continues to attract substantial investor interest, with one prominent buyer spending over HK$17.3 million to acquire three one-bedroom units in a single transaction, expressing intent to hold the properties for long-term rental purposes . The development's Phase 2 offers a total of 1,121 units ranging from studios to three-bedroom apartments, with saleable areas spanning 258 to 771 square feet .
Key Points
- Kai Tak Harbour sold 17 units on September 10, 2026, generating about HK$120 million in total proceeds
- One investor purchased three one-bedroom units for more than HK$17.3 million, planning long-term rental income
- Unit 1A-20F-M, featuring a 481 sq ft area with rare two-bedroom enclosed-kitchen layout, sold for HK$10.91 million
- The unit's price per square foot reached HK$22,682, reflecting premium pricing for the unique layout
- Phase 2 of the project provides 1,121 units covering studio to three-bedroom configurations, sized 258-771 sq ft
Why It Matters
The strong single-day sales performance at Kai Tak Harbour signals sustained confidence in Hong Kong's residential market, particularly in the former airport redevelopment zone. The emergence of buy-to-rent investors indicates a shift in market strategy, as buyers seek stable rental yields amid uncertainty. This trend could influence future housing supply dynamics and rental market conditions in the Kai Tak area, which is poised to become a major residential hub in Kowloon East.
The strong single-day sales performance at Kai Tak Harbour signals sustained confidence in Hong Kong's residential market, particularly in the former airport redevelopment zone. The emergence of buy-to-rent investors indicates a shift in market strategy, as buyers seek stable rental yields amid uncertainty. This trend could influence future housing supply dynamics and rental market conditions in the Kai Tak area, which is poised to become a major residential hub in Kowloon East.