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The battle for new properties in Kowloon City heats up! Hang Yip Property Agency's "South Head" in Ma Tau Kok kicked off its launch today with a surprising price. The first batch of 63 units had an average discounted price of HK$17,388 per square foot, and the lowest price per square foot even dropped below HK$16,000 to HK$15,591. The entry fee was as low as HK$4.0995 million, and it is set to become the focus of young home buyers.
The main small and medium-sized apartment discounts 3% attract customers
The project’s first price list covers 37 one-bedroom and 26 two-bedroom units, with a saleable area of 258 to 349 square feet, accurately targeting first-time homebuyers. Han Jiahui, director of Heng Yip Property Agency, emphasized that the current asking price was about 3% lower than expected, using the "South Station Happy Price" strategy to seize the market. It is worth noting that the first batch of pricing is about 5% lower than the current second-hand housing estates in the same district, and the price competitiveness is significant.
The discounted price per square foot is as low as HK$15,591, and the entry threshold is only HK$4.09 million
Price highlights:
✓ The cheapest unit: 258 square feet, one-bedroom, discounted at NT$4,099,500
✓ Lowest price per square foot: $15,591 (lowest in recent years in the same area)
✓ Two-bedroom apartment: starting from 5.1996 million
✓ Highest price per square foot unit: $20,084 (349 square feet two-bedroom)
The show unit is now open for ticket collection on weekends and will be available for sale next week
The developer has simultaneously opened the modified and delivered standard show flats for public viewing by appointment starting tomorrow (12th). Market sources indicate that the project will start collecting tickets this weekend, with the first round of sales to be conducted as early as next week. The industry expects that the affordable pricing combined with the mini apartment design will set off a new round of buying spree among first-time homebuyers.
Market Comparison
Recent transactions of benchmark housing estates in the same district:
• The average price per square foot of a one-bedroom apartment is about $18,500
• The average price per square foot of new properties in Kai Tak District is over HK$22,000
The asking price of this batch is about 5-15% lower than the second-hand ones in the same area, and the price advantage is obvious.
Prestigious Location
Located at 8 Nam Kok Road, Ma Tau Kok, the core development area of Kowloon City, adjacent to Kai Tak Development Area, enjoying the advantages of synergistic development of the two areas
Scale Planning
The project offers 313 high-quality units, ranging from open-plan to three-bedroom designs, to meet the diverse needs of single nobles to families.
Education Hub
✓ Primary school network of 41 places: covering traditional famous schools such as La Salle Primary School and Maryknoll Convent School (Primary Section)
✓ Kowloon City Elite District for Secondary Schools: including La Salle College, Heep Yunn College and other top 10 schools in Hong Kong
Metropolitan artery
▸ 5-minute walk to To Kwa Wan Station (Tuen Ma Line)
▸ Multiple bus routes connect Hong Kong and Kowloon, and it takes only 15 minutes to reach Tsim Sha Tsui CBD
▸ 10 minutes drive to Kwun Tong Business District via Kai Tak Tunnel
Life Map
★ Looking north to Kai Tak Sports Park/Metropolitan Park
★ Connected to To Kwa Wan Minsheng Business District in the south
★ Adjacent to the cruise terminal economic zone in the east
