Hong Kong homebuyers have extended a sell-out streak, with strong demand pushing prices to a 22-month high. Agents expect sentiment to remain firm amid steady interest in new launches. All 88 units at New World Development and MTR Corporation's Pavilia Farm III in Sha Tin sold on Saturday.
All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin sold out on Saturday, prompting the developers to release 75 additional flats later that night.
Elsewhere in Kai Tak, 133 units of KT Marina II were snapped up over the weekend, according to agents. Wing Tai Properties launched 135 flats at its Cloudview project in Sheung Shui on Sunday via a price list, with four units sold by around 4pm.
"Buyers are trickling in and we are mainly focusing on the newly released high-floor units," said Sammy Po Siu-ming, senior director of Midland Realty. The latest batch featured units ranging from 278 sq ft to 303 sq ft, priced from HK$19,000 to HK$32,000 per square foot with a maximum discount of 20 per cent.
Agents said overall homebuying sentiment was expected to remain steady despite slower Sunday sales, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.