--- title: "Hong Kong homebuyers snap up 138 Garden Regency flats in New Territories" type: "News" locale: "en" url: "https://longbridge.com/en/news/293097136.md" description: "Sun Hung Kai Properties sold out its first batch of 138 units at the Garden Regency project in Yuen Long on Saturday. This marks SHKP's return to the market after a two-month hiatus. The developer offered discounts up to 16% to counter potential interest rate hikes. JLL forecasts restrained price increases for new launches due to monetary policy uncertainties, while Hong Kong residential prices have risen 7.4% year-to-date." datetime: "2026-07-18T11:45:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293097136.md) - [en](https://longbridge.com/en/news/293097136.md) - [zh-HK](https://longbridge.com/zh-HK/news/293097136.md) generator: "portal-rs" --- # Hong Kong homebuyers snap up 138 Garden Regency flats in New Territories Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, has sold out the first batch of units at its Garden Regency project in the New Territories on Saturday, according to agents. By 3.30pm, all 138 flats the developer had launched in the Kam Tin North project in Yuen Long had found buyers, the agents said. The launch of the three-tower development of 566 units marks SHKP’s return to the market two months after units at its Lime Spark project in Tsuen Wan were first made available in early May. “It’s been a while since we have seen the launch of a new project in Hong Kong,” said Norry Lee, senior director of projects strategy and consultancy at JLL. The slowdown in the launch of new projects in Hong Kong came amid an anticipated increase in interest rates in the second half of the year, with developers also expected to adjust their pricing strategy to boost sales. “I believe a potentially higher interest rate will slow the market,” Lee said. “But for Garden Regency, SHKP has already started with a lower price to counter the risk of a high-interest rate environment.” The first price list of the Garden Regency indicated a maximum 16 per cent discount on the flats, which ranged from 289 sq ft to 412 sq ft and were put on the market at HK$3.93 million (US$501,000) to HK$5.88 million. The units were priced between HK$11,950 (US$1,524) and HK$14,795 per square foot. Lee said the pricing strategy “was not aggressive” and was about a 5 per cent discount at current market conditions. JLL forecast restrained price increases for new developer launches for the rest of the year, owing to growing uncertainties, including a potential tightening of monetary policy by the US Federal Reserve. The Hong Kong Monetary Authority moves in lockstep with the Fed to keep the local currency’s peg to the dollar. Hong Kong’s residential prices had risen 7.4 per cent so far this year, based on secondary home prices as of May, according to the latest official data. JLL estimated that residential prices would rise between 5 per cent and 10 per cent in 2026. Likewise, the property consultancy noted that prices for some new homes in Hong Kong had rebounded by as much as a third from the housing market’s lowest level a few years ago amid robust demand. Meanwhile, 53 units at One Victoria Cove Phase 4 in Hung Hom, co-developed by Henderson Land Development, Hysan Development and Empire Group, were also set to go on sale starting at 4pm on Saturday. The two- to three-bedroom flats measured between 388 sq ft and 585 sq ft. With discounts, the units were priced between HK$6.88 million and HK$13.52 million, or HK$19,589 to HK$23,105 per square foot. ### Related Stocks - [00016.HK](https://longbridge.com/en/quote/00016.HK.md) - [JLL.US](https://longbridge.com/en/quote/JLL.US.md) - [00012.HK](https://longbridge.com/en/quote/00012.HK.md) - [00014.HK](https://longbridge.com/en/quote/00014.HK.md) - [80016.HK](https://longbridge.com/en/quote/80016.HK.md) ## Related News & Research - [TRANSPORT INT'L and SHK PPT Joint Venture Submits Bid for Kai Tak Smart and Green Mass Transit System](https://longbridge.com/en/news/296042211.md) - [MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION](https://longbridge.com/en/news/296150267.md) - [HDB rentals rise 13.6% MoM in July](https://longbridge.com/en/news/296439843.md) - [08:15 ETNow's the Time: Late Summer Is the Best Season For Homebuyers to Score a Deal in These U.S. Metros](https://longbridge.com/en/news/296616885.md) - [Klövern acquires Årstafältet housing project with 380 apartments, 10,000 sq m commercial space](https://longbridge.com/en/news/296319943.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**