Sino Land's Hoi Tin Bay Sells 16 Units for HK$120 Million, Total Sales Exceed HK$8.7 Billion
Sino Land's Hoi Tin Bay project in Tseung Kwan O sold 16 units in three days, raising over HK$120 million, bringing cumulative sales to over 1,000 units and HK$8.7 billion. Buyers were 70% young local families, 25% mainland professionals, and 5% foreign professionals. About 65% came from Tseung Kwan O. Rents range from HK$45 to HK$50 per square foot, with sea views higher. Twenty bulk buyers purchased for investment. A future road link will cut travel to West Kowloon to 18 minutes.
The Hoi Tin Bay project at Lohas Park in Tseung Kwan O, led by Sino Land, sold 16 units over the past three days, raising over HK$120 million. Cumulative sales have exceeded 1,000 units, with total proceeds surpassing HK$8.7 billion. Sino Land Executive Director Tian Zhaoyuan said about 70% of buyers were young local families, about 25% were mainland professionals, and about 5% were foreign professionals.
Since the project's launch, about 65% of buyers came from Tseung Kwan O itself, with the remaining 35% from other districts. Tian noted that the project is close to the Hong Kong University of Science and Technology and several international schools, attracting students and families to rent. Rents are about HK$45 to HK$50 per square foot, with some sea-view units exceeding HK$50 per square foot. The project has recorded 20 bulk buyers who purchased units for rental income.
Once the future Route 6 opens, it will take about 18 minutes to reach the West Kowloon area, and provide quick access to the High Speed Rail West Kowloon Station for travel to Shenzhen.