2024-05-17 28Hse Editor
New World Development (0017) and Far East Consortium International (0035) have launched their latest venture, The Pavilia Forest, situated on the former Kai Tak airport runway. The project is scheduled to start in the second quarter and will consist of three phases, providing a total of 1,305 flats. The initial phase will introduce 291 units ranging from one to three bedrooms.
In Jordan, the Topside Residences project by CSI Properties (0497) has garnered significant attention, receiving over 2,600 checks for its first batch of 104 flats. The sales kick off today, highlighting strong buyer interest.
Meanwhile, in Ho Man Tin, the Onmantin project's Phase IIB, a collaborative development by Great Eagle (0041) and MTR Corporation (0066), has seen overwhelming demand with more than 9,000 checks for 248 flats, resulting in a subscription rate 35 times over the available units. The second sales phase is set to commence tomorrow.
Over at Tai Hang Road, Citic Pacific has opened show flats for its Jardini project, which consists of two towers offering 114 flats ranging from two to four bedrooms, available for potential buyers to view starting today.
In the Lohas Park area, Wheelock Properties reports strong sales performance with their "Seasons" series of projects, having sold 706 flats and accumulated over HK$4.49 billion in revenue.
In related news, the number of licensed estate agents in Hong Kong has increased for the second consecutive month, reaching 39,173 by the end of April. Despite this growth, the current figure is still 3,235 lower than the peak recorded in February 2022, which stood at 42,408 agents. This data underlines a dynamic shift in the real estate market landscape of Hong Kong.
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