Developers applied for presale consent for five residential projects involving 4,904 flats last month – a more than two-year high – while only one home was completed in February, the lowest monthly figure in three-and-a-half years, separate official data showed.
Data from the Lands Department yesterday revealed that the number of units involved in March applications surged 187 percent from February, the highest since January 2022.
Among the projects that have applied for presale consent, a notable one would be CK Asset’s (1113) project at Anderson Road in Kwun Tong.
The developer acquired the site for HK$4.95 billion in May 2020.
The project will offer a total of 2,926 flats and is expected to be completed by the end of September 2026.
Meanwhile, figures from the Rating and Valuation Department yesterday showed that the number of private home completions stood at one in February. That compares with 3,593 units completed in January.
The combined completion of 3,594 units for the first two months is 16.1 percent of the full-year target of 22,300 units.
Elsewhere, Wheelock Properties is expected to release the first price list for Park Seasons, Phase 12B of Lohas Park, in Tseung Kwan O this week, which will offer at least 138 flats.
Executive director Ricky Wong Kwong-yiu said the prices may have room for a 5 to 10 percent increase compared to Seasons Place, Phase 12A of Lohas Park, adding that the starting price, however, could be lower due to the smaller size of the units at Park Seasons.
This came as CK Asset’s Blue Coast atop Wong Chuk Hang MTR Station may start the second round of sales this weekend.
The 88 flats on the fourth price list were oversubscribed over 44 times after receiving more than 4,000 checks.
Separately, CSI Properties (0497) has named its Nathan Road project Topside Residence, involving 259 units, with the smallest one covering 232 square feet.
The sale may start as early as this month.
Hong Kong United Times丨香港聯合時報丨HKUT 