Hong Kong developers test market with 222 units released amid interest rate uncertainty


K&K Property launched 122 one-bedroom units at foto+, a single residential tower in Mong Kok close to Olympic station, while Wang On Properties put 100 units up for sale at the Connext project in Wong Tai Sin.

By 7pm Friday, 103 of the foto+ units had found buyers, and seven Connext flat were taken, according to agents. Centaline Property Agency, one of the largest property agencies in Hong Kong, expects all units in both projects to sell out on Friday.

“This month’s primary market transactions have so far exceeded 1,670, and the total for the month is expected to surpass 2,800, a 17-month high,” said Louis Chan Wing-kit, Centaline vice-chairman and president.

So far this year, 5,500 new units have been sold, a 25 per cent increase compared to the same period last year, Chan said.

Buyers were equally split between end users and long-term investors, he added.

Home buyers inspect a model of a new development at a sales office in Tuen Mun, November 25, 2025. Photo: Dickson Lee
Home buyers inspect a model of a new development at a sales office in Tuen Mun, November 25, 2025. Photo: Dickson Lee
  • Related Posts

    BYD’s four-year profit run ends, eyes global markets as next engine of growth

    The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier, according to a filing to the Hong…

    Continue reading
    Pain at the pump fuels EV rush in China, driving a timely boost for carmakers

    Rising fuel costs triggered by the Middle East crisis are emerging as an unexpected tailwind for China’s electric vehicle (EV) makers, as consumers increasingly pivot towards battery-powered cars to avoid…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *