In "New Listings," Liu Yinglin from Centaline Property: The first batch of 225 units in Phase 2 of Kai Tak Bay is priced very competitively

Liu Yinglin, a director of Centaline Property in Kowloon, stated that the price list for the second phase of "Kai Tak Bay," jointly developed by K. WAH INT'L (00173.HK), Wheelock Properties, and CHINA OVERSEAS (00688.HK), was announced today (9th), involving 225 units. The pricing is similar to the previous phase's tail-end costs, but there is a significant improvement in the views, and the developers are very sincere, with highly competitive pricing.

The market demand for sea view units in the runway area is strong, and recent transaction performance has been ideal, with construction costs steadily rising. Referring to the performance of the first phase of "Kai Tak Bay," nearly 140 units were sold in the first quarter of this year alone, with an average price per square foot maintained at around HKD 21,000. As the market quickly absorbs sea view units, developers are becoming more reluctant to sell.

In addition to the scenic advantages, the project also has the benefits of short-term sales. Currently, rental transactions in the runway area are active, with the average rent per square foot rising to about HKD 60, and some premium units even recording highs of HKD 70 or even HKD 80. With considerable rental returns supporting it, along with the project's brand effect, it is expected that "Kai Tak Bay Phase 2" will continue the trend, and the subscription response will surely be ideal