---
title: "The \"Hong Kong Building\" Kai Tak Paradise Phase 2 price list sells 62 units. Midland: A major client intends to spend about HKD 25 million to purchase 3 units"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265634480.md"
description: "Kerry Properties' Kai Tak Paradise Phase 2 launched today with 62 units for sale, and the market response is enthusiastic, with expectations of a complete sell-out. Midland Realty stated that the project attracts both local and mainland buyers, with buyer confidence increasing due to the interest rate cut cycle. A major buyer plans to spend about HKD 25 million to purchase 3 units, with expected rental returns of about 4%. The developer plans to launch a new project in November, expecting to record over 2,000 primary transactions for the entire month, further stimulating the secondary market"
datetime: "2025-11-13T03:25:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265634480.md)
  - [en](https://longbridge.com/en/news/265634480.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265634480.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265634480.md) | [繁體中文](https://longbridge.com/zh-HK/news/265634480.md)


# The "Hong Kong Building" Kai Tak Paradise Phase 2 price list sells 62 units. Midland: A major client intends to spend about HKD 25 million to purchase 3 units

New World Development (00016.HK) today (13th) launched the sale of 62 units for its Kai Tak Paradise Phase 2. Mary Ma, Senior Director of Midland Realty, stated that the project benefits from the advantages of completed buildings and its prime location in the Kai Tak area, leading to a strong market response. It is expected to sell out today, continuing the strong sales momentum from the first phase, and the developer has room for price increases.

Mary Ma added that new developments in the Kai Tak area have always been favored by mainland buyers, with 50% of the buyers being local and 50% being from mainland China. Buyers and investors for this project each account for about 50%. The project is expected to have a rental price of around HKD 70 per square foot, with rental returns estimated at about 4%. A group of major buyers is currently looking to spend approximately HKD 25 million to purchase one two-bedroom unit and two one-bedroom units.

Mary Ma indicated that with the onset of the interest rate reduction cycle, buyer confidence in entering the market has increased. Developers are taking advantage of this trend and plan to launch several new projects in November, which is expected to further ignite market sentiment. It is estimated that over 2,000 primary transactions will be recorded for the entire month. The robust trading in the primary market will also inject momentum into the secondary market, stimulating transaction volume and steadily pushing up property prices

### Related Stocks

- [MIDLAND HOLDING (01200.HK)](https://longbridge.com/en/quote/01200.HK.md)

## Related News & Research

- [Huatai Securities Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)](https://longbridge.com/en/news/281318016.md)
- [CSPC Pharmaceutical, Alphamab Oncology's Breast Cancer Drug Study Meets Primary Endpoint](https://longbridge.com/en/news/281325910.md)
- [Fortress Plans to Restructure Discount Retailer Poundstretcher](https://longbridge.com/en/news/281082129.md)
- [Hong Kong’s Exco approves plans for elevated mass transit system in Kai Tak](https://longbridge.com/en/news/281144460.md)
- [CICC Sticks to Its Buy Rating for C&D International Investment Group Ltd. (1908)](https://longbridge.com/en/news/280899096.md)