Cannes Bay Mansion price per square foot 15,588, up 5% from the previous level

SighingCashier · 2026-03-20T18:47:12+00:00

Kangcheng Haiyun Bay released its first batch of 254 units, with an average price of HK$15,588 per square foot, up 5.5% compared to the same period last year, setting a new record for the highest first-batch price in the new project market. With the property market rebounding, developers are refusing to lower prices.

SighingCashier

2026-03-20 18:47:12

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March 21, 2026

Kong Kong Hoi Mei Bay priced at HKD 15,588 per sq ft, nearly 50% higher

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New developments are fiercely competing, but the property market has shifted upward, and developers are refusing to sell at lower prices. Led by Sino Land (00083), the Sunrise Hong Kong Phase 13B Hoi Mei Bay I, and Henderson Land (00012) Hung Hom First Market both launched prices on Friday (20th). The first batch of Hoi Mei Bay I offered 254 units, with an effective average price of HKD 15,588 per sq ft, which is 5.5% higher than the first batch of new projects in the same area over a year ago. It also marks the highest first-batch effective average price for new projects in the New Territories in over two and a half years. …

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