The transaction, which marked the Hong Kong government’s first residential plot sale this financial year, involved a site at Hoi Chu Road in Tuen Mun, a district in proximity to Shenzhen Bay.
“The sought-after site presents enormous potential,” Sino Land executive director Victor Tin said on Wednesday. “With beautiful sea views, proximity to the Greater Bay Area and superb accessibility, it is an excellent addition to our land bank.”
“We plan to build quality residences, complete with fine craftsmanship and smart-home designs,” Tin said. “Residents would also enjoy an exquisite clubhouse, replete with thoughtful provisions and wellness amenities.”
The land sale reflects renewed optimism in Hong Kong’s housing market amid early signs of a recovery and an anticipated interest rate cut later this year.
