According to internal data from 28Hse, in March 2026, a total of 31 new-property transactions across Hong Kong were cancelled (deposit forfeitures), marking an increase of 2 cases compared to February’s 29 cases—a month-on-month rise of about 6.9%. Based on disclosed transaction records, the total deposits forfeited during the month amounted to approximately HK$21.35 million.
Among the properties, Seasons Place in Lohas Park, Grand Victoria III, and The Paddington recorded the highest numbers of cancellations, with 7, 6, and 4 cases, respectively.
Seasons Place: 7 Cancelled Sales, with Individual Deposits Over HK$740,000 Forfeited
According to transaction records, 7 forfeiture cases were registered at Seasons Place—6 from Tower 3A and 1 from Tower 3B.
Seasons Place recorded seven cases of cancelled sales, with six units coming from Tower 3A and one from Tower 3B. Most buyers had entered the market in 2024 through "cash-payment plans." Of these seven cancellations, three involved significant deposit losses. One case was for Tower 3A, Unit 29B, which had an original purchase price of HK$7.463 million. After paying a 10% deposit, the buyer forfeited approximately HK$746,300 when the transaction was terminated. Another notable case involved Tower 3A, Unit 8C, priced at HK$7.329 million, where an estimated HK$732,900 was forfeited. The third case, Tower 3A, Unit 51D, originally priced at HK$6.669 million, resulted in a deposit loss of around HK$666,900.
In addition to Seasons Place, Grand Victoria III and The Paddington recorded six and four cancellations, respectively, accounting for approximately 32.23% of all transactions cancelled in the month.
Grand Victoria III: One Case Involving a 10% Deposit Forfeiture
At Grand Victoria III, one high-value case involved Unit E on the 9th floor of Tower 1B, originally priced at HK$7.0649 million. After the buyer placed a 10% deposit and later withdrew, an estimated HK$706,400 was forfeited. The remaining five cases involved buyers who paid a 5% deposit, resulting in a combined forfeiture of approximately HK$1.8696 million, with each case ranging from HK$355,000 to HK$385,200.
The Paddington: Forfeiture of Over HK$960,000
At The Paddington, one high-value case, involving Unit B4 on the 20th floor of Tower B, stood out. The unit was originally priced at HK$9.6243 million, and the buyer forfeited around HK$962,400 after paying a 10% deposit and cancelling the transaction. The other three cases at The Paddington involved buyers forfeiting 5% deposits, amounting to a total of approximately HK$1.5535 million, with each forfeiture ranging from HK$454,500 to HK$550,200.
Grand Mayfair II: Three Forfeitures, All High-Value Units
Grand Mayfair II recorded three cancelled deposits in Tower 9, Unit A1, on the 16th, 11th, and 6th floors.
Unit A1, 16/F had the highest original price at HK$19.0405 million, with the buyer forfeiting ~HK$1.904 million after paying a 10% deposit.
The other two units were priced at HK$18.6648 million and HK$18.3691 million, each resulting in forfeitures of approximately ~HK$1.8664 million and ~HK$1.8369 million, respectively.
Park Seasons: Single Case of Forfeiture Over HK$820,000
At Park Seasons, a notable forfeiture was recorded for Unit A on the 28th floor of Block 2 (2B). The original price was HK$8.259 million, with the buyer opting for the "360-Day Cash Payment Offer Plan". Upon withdrawal, the buyer forfeited a 10% deposit, resulting in a loss of around HK$825,900.
Gold Coast Bay - The Uppland: Scattered Cases
Other forfeitures were more scattered, with Gold Coast Bay - The Uppland recording two cases. These accounted for approximately 6.45% of all forfeitures in March.
