2025-05-02 28HSE 编辑部
Henderson Land Development (0012) recently saw all 181 units in the first sales phase of its Eight Southpark residential project in Kowloon City sell out quickly. The developer has now released a new price list for 55 additional units, including studio apartments being offered for the first time. These units are priced between HK$3.37 million and HK$8.10 million, with discounted prices per square foot ranging from HK$16,873 to HK$23,471. The average price per square foot for this new batch is HK$20,515, which represents an almost 10% increase compared to the previous price list’s average of HK$18,652.
According to the developer, the new price list includes 55 units, ranging from studio apartments to two-bedroom units. The usable area of the units ranges from 200 to 351 square feet. Prices on the price list range from HK$3.668 million to HK$8.807 million, with prices per square foot between HK$18,340 and HK$25,512. After applying the maximum discount of 8%, the effective prices are HK$3.374 million to HK$8.102 million, with effective prices per square foot between HK$16,873 and HK$23,471. The lowest-priced unit in this batch is Unit B7 on the 5th floor, a studio apartment with an effective price of HK$3.374 million and HK$16,873 per square foot.
The average price per square foot for this batch is HK$20,515, which is approximately 9.9% higher than the average of HK$18,652 from the previous batch of 118 units. The developer attributed the increase to factors such as better views and higher floors, along with a slight upward adjustment of 1-2% for some units.
The recent government budget raised the threshold for the fixed HK$100 stamp duty to HK$4 million. As a result, all studio apartments in this new batch with effective prices below HK$4 million will qualify for this tax benefit, making them more appealing to potential buyers.
The price range of this batch is HK$3.374 million to HK$8.102 million after discounts, with prices per square foot ranging from HK$16,873 to HK$23,471. The development is poised to continue its strong sales momentum following the success of its first sales phase.
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