Hong Kong developers sold most of the more than 120 new flats made available to homebuyers on Saturday as the local residential market continues its recovery on the back of improving China–US relations and talent flows into the city.
By 12.30pm Saturday, Sun Hung Kai Properties (SHKP) had sold all 87 units on offer at the Lime Spark project in Tsuen Wan in the New Territories, with one buyer spending more than HK$40 million (US$5.1 million) to purchase six two‑bedroom units, according to Midland Realty and Centaline Property. Separately, Henderson Land Development found 19 buyers for the 35 units on offer at its Highwood Phase 2 project in To Kwa Wan, Kowloon, as of 4.50pm.
Chan was upbeat about the residential market for the rest of the year.
SHKP’s latest round of sales followed two batches of sold-out units it launched at Lime Spark earlier this month.
In the latest round, Hong Kong’s largest developer by market capitalisation priced the units, with saleable areas of 361 sq ft to 364 sq ft, from HK$6.35 million to HK$7.29 million after discounts.
Separately, at Henderson’s Highwood Phase 2, flats with sizes ranging from 265 sq ft to 512 sq ft, were priced from HK$5.43 million to HK$12 million after discounts.