Moody's: An improved operating environment will lay the foundation for developers to achieve stable profitability.

Moody's rating agency stated that Hong Kong's property market is gradually recovering, driven by improved leasing demand for office spaces and a rebound in retail sales alongside the recovery of the tourism sector. These trends have narrowed the decline in office rents and supported retail rental income, although high vacancy rates and still elevated supply levels continue to weigh on the office market. Sales of residential developments showed some improvement in early 2026, but low profit margins will continue to constrain developers' earnings growth. External risks have intensified as the conflict in the Middle East – if prolonged – could drive up inflation and interest rates, potentially hindering the recovery. Unless there is a significant tightening of global financial conditions,

AASTOCKS17:05

Sun Hung Kai Properties (00016.HK) sold out all 121 units in the second round of sales at Lime Spark in Tsuen Wan on the same day, and raised prices for an additional launch of 87 units.

Sun Hung Kai Properties' (00016.HK) residential project Lime Spark in Tsuen Wan launched the second round of sales on Saturday (16th), offering 121 units, which were all sold out on the same day. An investor spent over HKD 30 million to purchase four two-bedroom units. The first two rounds of sales involved 275 units, generating over HKD 1.8 billion in total. The developer raised prices yesterday (17th) and launched an additional 87 two-bedroom units, with prices increasing by approximately 2.6%, and plans to release them for sale as early as this weekend. The new batch of units has an average discounted price of HKD 18,613 per square foot, with a starting price of HKD 6.348 million.

AASTOCKS08:52

Midland Surveyors: The receipt of bids for the residential site at Tung Chung Area 106A has met expectations, with the land valuation estimated at approximately HKD 960 million.

The first residential land parcel of this fiscal year, located at Lot No. 54 of the Tung Chung City site in Zone 106A, received a total of six bids. Lam Tsz-bin, Director of Midland Surveyors, stated that this Tung Chung residential plot offers a seafront view and aligns with the opening date of Tung Chung East Station, making it fairly attractive. It has drawn interest from major developers, meeting market expectations. However, as the area is still in its early stages of development, bids are expected to remain cautious. This project is adjacent to Zone 106B, which was successfully tendered last year, and together they will form a new development hub within the district. If both projects are developed in tandem, they could generate significant synergies. The estimated floor price per square foot for this project is approximately 1,

AASTOCKS08:33

Lands Department: Six bids received for residential site in Tung Chung

Tender submissions for Tung Chung Town Lot No. 54 in Tung Chung Area 106A closed at noon today (the 15th). The Lands Department announced that six tenders were received for the site. According to on-site reports, bidding developers include K Wah International (00173.HK), Kin Hon Properties, China Overseas Land & Investment (00688.HK), Sun Hung Kai Properties (00016.HK), and a joint venture between Sino Land Company (00083.HK) and Kerry Properties (00683.HK). The site covers an area of approximately 152,332 square feet and is zoned for private residential use, with an estimated provision of around 1,000 residential units.

AASTOCKSMay 15 17:25

Lime Spark in Tsuen Wan to Hold Second Round of Sales on Saturday, Offering 121 Units

Sun Hung Kai Properties (00016.HK) has launched a new sales arrangement for its new project Lime Spark in Tsuen Wan, releasing an additional 55 units. A total of 121 units will be available for sale this Saturday (16th), including those from the latest Price List No. 3 as well as previously released units. The offering comprises 33 one-bedroom and 88 two-bedroom units, with practical areas ranging from 273 to 416 square feet. The entry-level unit is Room K on the 6th floor, a one-bedroom unit with a practical area of 273 square feet. With the maximum 15% price discount applied, the discounted price is HK$4.8331 million, equivalent to HK$17,704 per square foot.

AASTOCKSMay 12 16:24

New Development: Tsuen Wan Form (Wang Jin) Plans Second-Round Sales This Saturday, Partnering with Midland and Moneycorp to Launch Mortgage Offers

Sun Hung Kai Properties (00016.HK) adjusted the prices of the first two price lists for its project, The Forma in Tsuen Wan, last night (October 10). Approximately 60 units, mainly two-bedroom apartments, were affected by a price increase ranging from 1% to 4%. Sales arrangements will be uploaded tomorrow (October 12), with plans for the second round of sales this Saturday (October 16). Today (October 11), in collaboration with Midland Realty and MReferral Mortgage, the project introduced exclusive mortgage offers. Zhang Haoxi, Chief Operating Officer of MReferral Mortgage Brokerage, stated that they are providing "Dual Mortgage Benefits for Easy Homeownership" for buyers of the project. This includes the "Hibor Mortgage Plan with High Deposit Interest Account," with interest rates as low as H+1.3% throughout the mortgage term and capped rates as low as P-2%, with loan-to-value ratios reaching up to 90%.

AASTOCKSMay 11 17:36