Hong Kong posts second sell-out weekend with Kerry's Hava flats
Published: 6:53pm, 22 Feb 2025
Hong Kong's homebuyers snapped up every flat on offer during a weekend sales launch on Saturday, as attractive prices amid a stock market rally bolstered sentiment in the city's tepid property market. All 250 flats at Kerry Properties ' Hava project in Yuen Long were snapped up by 4.30pm, sales agents said. The flats, ranging from 282 to 403 square feet, were on sale at an average HK$10,658 per square foot.
'The project is in Yuen Long, which is convenient, with a good living environment,' which makes it popular with owner-occupiers as well as investors, said Sammy Po Siu-ming, the CEO of Midland Realty's residential division for Hong Kong and Macau.
The small apartments, priced between HK$2.6 million and HK$5 million, were attractive to younger, first-time buyers who were looking to own property for their own use, Po said. An undated photograph of the construction site of Kerry Properties' Hava project in Yuen Long. Photo: Google Map
Investors also found the project's price and rental yield attractive, projected at about 5 per cent per annum, Po said. About 30 per cent of the buyers at Hava were investors on the lookout for tenants, he said.
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