"HK Property" CK ASSET forecasts the launch of four new projects in the Year of the Horse, involving nearly 1,900 units

CK ASSET (01113.HK) forecasts a major launch plan for the Year of the Horse, expecting to introduce 4 new projects, providing a total of approximately 1,872 units, among which 3 are new developments in urban areas, including the Flower Language Sea located in Kai Tak, the To Kwa Wan Qiming Street project in collaboration with the Urban Renewal Authority, and the second phase of the luxury residence 21 BORRETT ROAD on Hong Kong Island, which is already completed.

The Flower Language Sea in Kai Tak is divided into 3 phases, involving 1,005 units, of which the first and second phases have been approved for pre-sale consent, providing a total of 723 units; the To Kwa Wan Qiming Street project is applying for pre-sale consent, involving 474 units; the second phase of the luxury residence 21 BORRETT ROAD on Hong Kong Island involves 66 units. Additionally, the Yuen Long Kam Tai Road project is also applying for pre-sale consent, involving 327 units.

Looking ahead to the market after the Year of the Horse, CK ASSET's Chief Manager of the Sales Department, Guo Ziwei, stated that the property market will continue the rebound momentum seen in the Year of the Snake, ushering in an upward cycle of rising volume and prices, with property prices expected to increase by 10% in the Year of the Horse. The wealth effect from the stock market, the continuous influx of overseas talents into the market, along with supply being lower than rental demand, will make the demand for upgrading and the luxury property market the core driving forces for the rise in property prices in the Year of the Horse