Hong Kong Lands Department: In September, there were 3 applications for pre-sale of new private residential projects, involving 909 units
The Hong Kong Lands Department announced that in September, there were 3 applications for pre-sale consent for private residential projects, involving 909 units, a decrease of 550 units or 37.7% compared to the previous month. The 3 new projects are as follows: the SIERRA SEA Phase 2B development project by Sun Hung Kai Properties, involving 522 units; the first phase of the Ngau Chi Wan Ching Shui Wan Road project under KOWLOON DEV, involving 361 units; and the Sai Kung Road villa project by Far East Development and others, offering 26 villas. As of the end of September, there were 8,902 residential units awaiting pre-sale consent, an increase of 11% month-on-month, reaching a new high in 8 months. In September, the Lands Department granted 1 pre-sale consent for the property at 8 Wo Mei Red Cotton Road in Sai Kung, involving only 51 units, but it broke the consecutive 4-month streak of "zero approvals."
According to the Zhitong Finance APP, the Hong Kong Lands Department announced that in September, there were 3 applications for pre-sale consent for private residential projects, involving 909 units, a decrease of 550 units or 37.7% compared to the previous month.
The 3 new projects are as follows: the SIERRA SEA Phase 2B development project by Sun Hung Kai Properties (00016), involving 522 units; the Phase 1 project of the Ngau Chi Wan Ching Shui Wan Road by KOWLOON DEV (00034), involving 361 units; and the Sai Kung Road villa project by Far East Consortium (00035), offering 26 villas.
As of the end of September, there were 8,902 residential units awaiting approval for pre-sale consent, an increase of 11% month-on-month, reaching a new high in 8 months.
In September, the Lands Department approved one pre-sale consent for the property at 8 Wo Mei Red Cotton Road in Sai Kung, involving only 51 units, breaking a streak of 4 consecutive months with "zero approvals."
