Hong Kong Land Registry: In September, there were a total of 3 new private residential developments applying for pre-sale consent, involving 909 units.

07:55 09/10/2025

The Hong Kong Land Registry announced that in September, a total of 3 private residential projects applied for pre-sale consent, involving 909 units, a decrease of 37.7% or 550 units compared to the previous month.

The Hong Kong Land Registry announced that in September, a total of 3 private residential projects were granted approval for pre-sale consent, involving 909 units, a decrease of 550 units or 37.7% compared to the previous month. The 3 new projects mentioned are the Sierra Sea Phase 2B development by Sun Hung Kai Properties (00016), involving 522 units; the first phase of the Clearwater Bay Road project by Kowloon Development (00034) in Ngau Chi Wan, involving 361 units; and the Yung Fung project on Sai Kung Road by FE CONSORT INTL (00035), consisting of 26 luxury houses. As of the end of September, there were 8,902 units of residential properties awaiting pre-sale consent approval, marking an 11% increase compared to the previous month and reaching a new high in 8 months. In September, the Land Registry issued 1 pre-sale consent approval for 51 units at 8 Wo Mei Hung Road in Sai Kung, breaking the streak of "zero approvals" in the previous 4 months.

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The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

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