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Flats in completed buildings at KT Marina I in Kai Tak are expected to launch next month, while its developers expect a stable, or slightly rebounding, property price this year.
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The project KT Marina, co-developed by K Wah International (0173), Wheelock Properties and China Overseas Land and Investment (0688), has sold 227 units in its Phase I so far, with an average price ranging between HK$18,000 and HK$19,000 per square foot.
The market expects one or two rate cuts, which in turn will boost the property sentiment, said Tony Wan Wai-ming, K Wah International's director of sales and marketing (Hong Kong properties), who anticipates home prices to remain stable or rise slightly.
In other news, Vanke Hong Kong’s 19 Ma Wo Road project in Tai Po will be launched in phases during the first half of the year, involving 1,650 units.
The developer plans for its Bondlane property in Cheung Sha Wan to be delivered by the middle of 2025.
Concurrently, Emperor International (0163) said its project on No 28 Bonham Road, Mid-Levels West, will be launched at any time depending on market conditions. The project comprises 117 units.
STAFF REPORTER
China Overseas Property managing director Tony Yau Wai-kwong, Tony Wan, Wheelock Properties assistant director Phoebe Yee offer more update of KT Marina.
