Hong Kong Lands Department: 5 projects applied for sales brochures in February, involving 2143 units, a 60% increase month-on-month.
In February, 5 project applications for property sales were recorded, involving approximately 2143 units, an increase of 804 units compared to January's 1339 units, or a 60% increase, reaching a high point since the recording of 4037 new applications in September 2024.
The Hong Kong Land Registry announced that in February, a total of 5 projects applied for pre-sale consent, involving approximately 2143 units. This is an increase of 804 units from January, or a 60% increase. It is the highest level since the record of 4037 units in September 2024.
Additionally, as of February, there are about 29 projects awaiting pre-sale consent, involving 9736 units. This is an increase of 1541 units from January, or a 19% increase. It is also the highest level since the record of 12350 units awaiting approval in November 2024, about 15 months ago.
In February, two projects received pre-sale consent, involving 602 units, breaking the trend of zero approvals in January. These two projects are developed by SHK PPT (00016), namely the project in Hang Wo Tsai Street, Tsuen Wan with 462 units, and the Kai Tak Sky Tower. Phase 2B with 140 units, which will be completed by the end of this month and is close to its completion.
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