Hong Kong developers ready new home launches amid forecasts of muted price increases
SHKP released the price list for 120 units at its Garden Regency project in Kam Tin North in the New Territories on Tuesday
Some of Hong Kong’s largest developers, including Sun Hung Kai Properties (SHKP) and Wheelock Properties, are set to release new units in residential projects this month amid an expected cooling of price increases.
SHKP, the city’s largest developer in terms of market capitalisation, released the price list for 120 units at its Garden Regency project in Kam Tin North in the New Territories on Tuesday.
With maximum discounts of 16 per cent, the flats, ranging between 289 sq ft and 412 sq ft in size, were priced from HK$3.93 million (US$501,000) to HK$5.88 million.
Garden Regency is a three-tower project with a total of 566 units, ranging between one and four bedrooms.
Meanwhile, Wheelock Properties is poised to launch the first batch of units at its Park Silicon project in Kwu Tung North in the Northern Metropolis.
The project is divided into two phases with a total of 781 flats. Layouts range from one to three bedrooms, with two-bedroom units making up the majority.