Henderson Land to launch 12 projects with 5,400 units this year, citing market optimism

Phase two of Belgravia Place in Cheung Sha Wan with 248 units was likely to be launched this month, said Thomas Lam Tat-man, general manager of the sales department.

A 300-unit project at Nam Kok Road in Kowloon City would be launched in the first quarter, according to Mark Hahn Ka-fai, another general manager of sales. In addition, a 2,060-unit development at 18 Shing Fung Road in Kai Tak would also be launched.

Other developments coming online include two phases with 881 units at 72 To Kwa Wan Road, 240 units at MidTown South phase C1 in Hung Hom, as well as a luxury project at 29A Lugard Road on The Peak.

Lam said housing demand was substantial and reduced rates would lead to lower mortgage repayments, allowing more investors to enter the market.

“It is expected that the first half of the year will be the starting point for the property market and it is likely that property prices will rebound from the second half,” he said, adding that the number of primary transactions was expected to reach 20,000 units this year.