The acquisition marks Kerry Properties’ first successful government land purchase since its 2016 purchase of a residential site.
Insight
24 February 2026
Kerry Properties wins a Shau Kei Wan site for HKD1.4 billion
Categories:
- The residential site was acquired at an A.V. of HKD 9,343 per sq ft, exceeding the upper end of market expectations.
- The development will focus on high-end residential housing and is expected to deliver about 300 units.
- It is located in a well-established neighbourhood, with the Shau Kei Wan MTR Station just a 5-minute walk away.
- The pricing of future units is expected to be in the range of HKD 23,500 – 24,500 per sq ft, SA.