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2026-04-20 10:47:30 Over the past weekend, the primary residential market in Hong Kong continued to chart solid support. At The Pavilia Farm III in Tai Wai, the first batch of units was sold out on the same day of launch, generating more than HKD950 million in proceeds, with the highest transacted price reaching HKD25,993 per sq ft. The developer subsequently revised the price list for 75 units, with discounted prices starting from HKD7.893 million and discounted prices per sq ft starting from HKD21,928. In the secondary market, although primary housing launches diverted part of market attention, transactions at the top 10 housing estates still improved, with volume rising WoW. The Pavilia Farm III in Tai Wai, co-developed by NEW WORLD DEV (00017.HK) and MTR CORPORATION (00066.HK), updated its price list and launched 88 units in the first round last Saturday (18th). All units were sold out on the same day, generating over HKD950 million in proceeds. The highest price per sq ft reached HKD25,993 for a one-bedroom unit. Together with three- and four-bedroom river-view units sold by tender, the project has sold 169 units in total, cashing in nearly HKD3 billion. K. WAH INT'L (00173.HK), Wheelock Properties and CHINA OVERSEAS (00688.HK) jointly launched the first round of sales for Phase 2 of KT Marina. A total of 133 units were sold over the two weekend days, generating more than HKD1 billion in proceeds, with the highest price per sq ft exceeding HKD24,000. HENDERSON LAND (00012.HK), HYSAN DEV (00014.HK) and Empire Group’s co-developed project in Hung Hom recorded more than 8,000 visits over the weekend, mainly young buyers and families, including upgraders. The project plans to launch additional units early next week and announce sales arrangements, with sales scheduled to commence by month-end. LA MIRABELLE, jointly developed by SINO LAND (00083.HK), KERRY PPT (00683.HK), K. WAH INT'L, CHI MER LAND (00978.HK) and MTR CORPORATION (00066.HK) sold 11 units over the weekend, generating over HKD86 million. The project has sold 619 units in total, accumulating more than HKD5.4 billion in proceeds. SWIREPROPERTIES (01972.HK) recorded two mid- to high-floor transactions at Headland Residences in Chai Wan yesterday, generating about HKD19.69 million in a single day. Both units are southeast-facing two-bedroom layouts with open kitchens, with saleable areas ranging from 538 to 547 sq ft. The transaction prices were approximately HKD9.3 million and HKD10.39 million, translating into HKD17,294 and HKD18,987 per sq ft, respectively. CK ASSET (01113.HK) logged a transaction last Saturday at El Futuro in Shatin, involving a three-bedroom sea-view unit overlooking Tolo Harbour. The unit, Flat B, 18/F, Tower 1, has a saleable area of 1,053 sq ft and a three-bedroom layout with one en suite, a utility room and a toilet. The buyer adopted a 360-day payment plan, with a discounted price of HKD18.325 million, or HKD17,402 per sq ft. negotiation difficulty and putting short-term pressure on secondary transactions. ~ AASTOCKS Financial News Website: www.aastocks.com | |