Sun Hung Kai Properties sold all 138 units in the first batch of its Garden Regency project in Yuen Long on Saturday.
Key facts
- •Sun Hung Kai Properties sold all 138 units of the first Garden Regency batch by 3:30 p.m. on Saturday.
- •The Garden Regency project consists of three towers and 566 total units.
- •Units in the first batch ranged from 289 to 412 square feet.
- •The developer offered a maximum discount of 16 percent on the initial price list.
- •The launch follows the release of the Lime Spark project in early May.
Sun Hung Kai Properties, Hong Kong's largest developer by market capitalization, sold out the initial 138 units at its Garden Regency project in the New Territories on Saturday. The units, located in the Kam Tin North area of Yuen Long, were fully purchased by 3:30 p.m. according to market agents.
By the numbers
Project Details and Pricing
The Garden Regency is a three-tower development comprising a total of 566 units. The first batch of flats ranged in size from 289 to 412 square feet, with prices set between HK$3.93 million and HK$5.88 million. The units were marketed at prices ranging from HK$11,950 to HK$14,795 per square foot, with a maximum discount of 16 percent offered to buyers.
Market Context
This launch marks the developer's return to the market two months after the release of its Lime Spark project in Tsuen Wan. Industry analysts note that developers are adjusting pricing strategies to navigate an anticipated rise in interest rates during the second half of the year, which is expected to slow the broader property market.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by SCMP Business.
