Wong Chuk Hang Market Booms: Buyers Snap Up Flats at Deep Water Pavilia and La Montagne

The Southside at Wong Chuk Hang continues to see robust sales activity. A 4-bedroom unit at Phase 5A (Deep Water Pavilia), jointly developed by New World Development, Emperor Group, CSI Properties, Lai Sun Development, and MTR Corporation, was sold for HK$62.2 million, with a price per square foot of nearly HK$39,900. Meanwhile, Phase 4 of The Southside (La Montagne) recorded the sale of 15 units in a single day, generating over HK$198 million in total.

The unit sold via tender is located on the 32nd floor of Block 1B (Unit P2) in Deep Water Pavilia, boasting a saleable area of 1,559 square feet. The layout includes 4 bedrooms, 2 en suites, a utility room, and a maid's room with a bathroom, along with a parking space. The price per square foot came to about HK$39,900, with a total transaction price of HK$62.2 million.

Over five consecutive days of tendering, Deep Water Pavilia successfully sold 28 units, generating nearly HK$1.55 billion in revenue. The average transaction value per unit exceeded HK$55 million, with an average price per square foot of approximately HK$39,000. The project attracted five groups of high-net-worth buyers, further highlighting its appeal among luxury property investors.

Phase 4 of The Southside, La Montagne, co-developed by Kerry Properties, Sino Land, Swire Properties, and MTR Corporation, also saw strong sales. On June 4, the project sold 14 flats from its latest price list, which was launched on May 31. These units were 582 square feet in saleable area and featured a two-bedroom layout with an enclosed kitchen. Additionally, a high-floor three-bedroom unit with an en suite, measuring 915 square feet, was sold via tender for HK$31.8 million, with a price per square foot of approximately HK$34,754.

La Montagne has now sold 246 units, generating a total revenue of over HK$3.6 billion.

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