A high-end real estate transaction was recorded in North Point's Sea Wheel II project, where a corner apartment with balcony was sold for HKD 90,429,000, amounting to a price per square foot of nearly HKD 65,000. This corner apartment, located at unit 3B on the 2nd floor of Block 2, has an area of 1402 square feet with an extra balcony of 1353 square feet, and is laid out as a 4-bedroom 2-suite with two project parking spaces. Meanwhile, North Point's Plover Garden, developed by New World and MTR, sold unit 62D on the 7th block for HKD 43 million via tendering, with a price per square foot of HKD 35,449. Unit 62D has a size of 1213 square feet and includes a rooftop terrace of 951 square feet, featuring a spacious living area with open views of the mountains. Additionally, Yuh One and Yuh Sky by CK Asset and MTR sold two south-facing three-bedroom units via tender in the 2A block. Unit 19A has a size of 997 square feet and was sold for HKD 33,699,000, or approximately HKD 33,800 per square foot. Unit 20A, also sized at 997 square feet, was sold for HKD 35,256,000, with a price per square foot of nearly HKD 35,362. It is reported that these units were purchased by the same buyer who prefers projects located on top of railway stations. Furthermore, Yuh Sky has sold over 783 units, accounting for about 93% of the project, with total sales reaching over HKD 14 billion. Finally, Yik King Development's White City II in Tai Po recorded a new transaction as well. The 16th floor D unit on building 11 was sold for HKD 16,030,000, or approximately HKD 15,533 per square foot. The transaction was completed under a 105-day payment plan according to the transaction record.
A Baidu White City II project in Tai Po also recorded a recent sale, where a unit 16D in building 11 was sold for HKD 16,030,000, at a price per square foot of approximately HKD 15,533. The payment for this transaction was structured over a 105-day period. Given the growing trend of high-end property transactions in Hong Kong, these multiple sales at impressive price points continue to reflect strong demand for prime residential properties, particularly for those offering unique layouts and views.
The real estate market in Hong Kong has shown resilience, with these recent high-value transactions indicating a continued interest in premium properties despite recent economic challenges. As developers continue to adapt to market dynamics, projects that offer unique features and prime location advantages remain in high demand, supporting ongoing sales success.