Zhongyuan Chen Yongjie: The first phase of Sunac Ocean Bay in Daybreak City is expected to sell out smoothly, with a strong market response

Chen Yongjie, Vice Chairman of Central Plains Real Estate Asia Pacific and President of the Residential Department, stated that the final phase of Sun Hung Kai Properties' "Horizon Bay" is being sold in a price list format with 254 units, and the market response has been enthusiastic. The company's buyer attendance rate exceeds 80%, with about 70% being end-users who are generally afraid that prices will rise if they wait, prompting them to make quicker decisions. The remaining 30% are long-term investors primarily focused on rental income. One group of buyers from the company intends to purchase 5 units, involving over HKD 35 million.

In the booming market, it is believed that the first batch of units can be sold out smoothly, with the number of primary transactions this month likely to exceed 2,500, setting a new 18-month high. On a quarterly basis, the primary transaction volume for this quarter is expected to reach 6,200, marking a new high in 38 quarters.

Sun Hung Kai Properties (00083.HK), KERRY PPT (00683.HK), K Wah International (00173.HK), China Merchants Land (00978.HK), and MTR Corporation (00066.HK) collaborated on the development of Horizon Bay I, which closed ticket sales yesterday (30th) at 4 PM, accumulating over 7,300 tickets, with the first round of sales units being oversubscribed by nearly 28 times