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Novo Land Sells Out Fast, While Nano Flats Face Losses | HK Weekend Property Market Recap

Squarefoot Editor  2025-07-08  172

Novo Land Phase 3A’s strong sales performance boosted the first-hand market, which recorded 226 transactions over the weekend—a 10% increase compared to the previous week and the highest in six weeks.

During Saturday’s first sales round, all 160 units were sold, accounting for about 70% of total new development transactions.

Developers reported that 19 buyers purchased multiple units, with the largest buyer spending HK$28 million on six units, including three one-bedroom and three two-bedroom flats. Additionally, three buyers acquired three units each, while 15 others purchased two units each.

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