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SHKP sells out latest flats in Tsuen Wan as Hong Kong property market continues recovery

Centaline attributes the positive mood to improving China-US relations, solid economic data and policies that encourage talent inflow

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Julie ZhangPublished: 5:45pm, 23 May 2026

Hong Kong developers sold most of the more than 120 new flats made available to homebuyers on Saturday as the local residential market continues its recovery on the back of improving China–US relations and talent flows into the city.

By 12.30pm Saturday, Sun Hung Kai Properties (SHKP) had sold all 87 units on offer at the Lime Spark project in Tsuen Wan in the New Territories, with one buyer spending more than HK$40 million (US$5.1 million) to purchase six two‑bedroom units, according to Midland Realty and Centaline Property. Separately, Henderson Land Development found 19 buyers for the 35 units on offer at its Highwood Phase 2 project in To Kwa Wan, Kowloon, as of 4.50pm.

“Hong Kong’s property market has remained strong in May, with around 2,500 primary transactions expected for the full month,” said Louis Chan Wing-kit, chief executive of Centaline Property. He attributed the positive mood to improving China-US relations, solid economic data and Hong Kong government policies that encourage the inflow of talent and students to the city.Advertisement

Chan was upbeat about the residential market for the rest of the year.

SHKP’s latest round of sales followed two batches of sold-out units it launched at Lime Spark earlier this month.

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In the latest round, Hong Kong’s largest developer by market capitalisation priced the units, with saleable areas of 361 sq ft to 364 sq ft, from HK$6.35 million to HK$7.29 million after discounts.

Separately, at Henderson’s Highwood Phase 2, flats with sizes ranging from 265 sq ft to 512 sq ft, were priced from HK$5.43 million to HK$12 million after discounts.

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