Explainer | With Hong Kong’s removal of property curbs unleashing a buying frenzy, here are 5 residential projects to keep an eye out for

Whether demand for homes will be sustained or not is a topic of debate, but one thing is certain, homebuyers have an abundance of choice
There is a pipeline for a potential housing supply of 109,000 units

Hong Kong property

Peggy Sito

Published: 7:30am, 6 Mar 2024

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The removal of property curbs in the Hong Kong government’s budget announcement last week has generated a very encouraging response in the housing market.

Since the announcement, there has been a sharp rebound in the volume of home sales, with agents reporting more than 580 property transactions in the primary market between Sunday and the announcement of curb relaxations last Wednesday.

It is a matter of debate whether this demand will be sustained but one thing is certain – homebuyers have an abundance of choice.

There is a pipeline for a potential housing supply of 109,000 units, ensuring a wide range of options for prospective buyers. Here is a list of five highly anticipated residential launches in Hong Kong.

Wheelock’s Seasons Place project in Tseung Kwan O. Photo: Handout

Wheelock Properties’ Seasons Place

Wheelock is set to launch a residential project in Tseung Kwan O in a joint venture with MTR Corp. Phase 12A of Lohas Park will be called Seasons Place. Phase 12 as a whole will have 1,985 units, with 650 one to three-bedroom flats in Phase 12A. The phases 12B and 12C will have 685 units and 650 units, respectively.

An artist’s impression of Wong Sun Hing’s Uptown East. Photo: Handout

Wong Sun Hing Group’s Kowloon Bay project

Wong Sun Hing, a smaller developer, will release the first batch of an undisclosed number of units at its Uptown East development in Kowloon Bay in the next two weeks, it said. The project consists of two 40-floor buildings with 807 units, and a three-storey shopping centre. The units will range in size from studios to three-bedroom flats with saleable areas ranging from 235 sq ft to 3,415 sq ft.

Hong Kong’s Wong Chuk Hang district. Photo: Roy Issa

CK Asset Holdings and MTR Corp’s Blue Coast

CK Asset and MTR Corp will soon launch their joint-venture project atop the Wong Shuk Hang Station. Blue Coast, the third phase of The Southside development, is being developed in two phases and will have 1,200 units. The first phase will provide 642 two to four-bedroom units. CK Asset’s executive director, Justin Chiu Kwok-hung, said earlier that the current cost of the property is HK$28,000 (US$3,578) per square foot. He did not disclose an estimated selling price.

An artist’s impression of the Parkwood project being developed by Henderson Land. Photo: Handout

Henderson Land Development’s Parkwood

Henderson Land plans to launch the project in Tai Po after the successful sale of all 138 units available in the first round of sales at its Belgravia Place development in Cheung Sha Wan on Sunday. Thomas Lam Tat-man, general manager of the sales department at Henderson, said the project on Mei Sun Lane is officially called Parkwood. It will offer 122 units ranging from studios to two-bedroom flats. The project is expected to go on sale later this month at the earliest.

SHKP’s Yoho Hub conplex in Yuen Long. Photo: Jonathan Wong

Sun Hung Kai Properties’ Yoho Hub

Phase C of Yoho Hub in Yuen Long is expected to be Sun Hung Kai’s first project launch since the relaxation of Hong Kong’s property cooling curbs. The Yoho Hub project, located above the Yuen Long MTR Station, consists of six residential buildings that will provide a total of about 2,000 units ranging from one to four-bedroom flats. Phase C will have 939 units.

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