In a remarkable surge of activity in the Hong Kong property market, the Cullinan West II, also known as Sky Marine, has made headlines by selling two units through tender on April 28, 2025. This comes just weeks after the project's launch in early April, during which 105 units have been sold, accumulating a staggering total of approximately 12.3 billion yuan.
The latest unit sold, located on the 21st floor of Block 2B, is Unit C, which features a practical layout with two bedrooms and a saleable area of 522 square feet. The unit was sold for 13,633,600 yuan, translating to a unit price of about 26,118 yuan per square foot. Buyers are particularly attracted to this property due to its picturesque views of the West Kowloon sea and the amenities offered by the project.
According to reports, the buyer of this latest unit is a local family who appreciated the traditional school network in the Ho Man Tin district, as well as the diverse clubhouse facilities available within the development. After visiting the show flat, the family quickly decided to purchase the unit for their own use, reflecting the strong demand for housing in this desirable area.
The Cullinan West II project, developed in collaboration between the Hysan Development Company and MTR Corporation, has proven to be a hit among homebuyers. Since its launch, the entire Cullinan series has seen sales of 575 units, realizing over 92.3 billion yuan in cash. This impressive performance highlights the ongoing recovery and vibrancy in the Hong Kong real estate market.
Real estate experts note that the rapid sales at Cullinan West II are indicative of a broader trend in the market, where buyers are increasingly seeking properties in well-established neighborhoods with access to reputable schools and modern amenities. The Ho Man Tin area, known for its family-friendly environment and educational institutions, continues to attract interest from local buyers.
As the market evolves, developers are keenly aware of the preferences of potential buyers. The features that have resonated with customers at Cullinan West II include not only the prime location but also the thoughtful design of the living spaces and the variety of facilities that cater to modern lifestyles. The success of this project may encourage other developers to follow suit, potentially leading to more competitive offerings in the market.
In addition to the aesthetic appeal and practical benefits of the units, the strong sales figures suggest that confidence in the Hong Kong property market is gradually returning. Investors and homebuyers alike appear to be optimistic about the future, and this trend may contribute to a more robust market moving forward.
Looking ahead, it will be interesting to see how the market responds to ongoing economic conditions and the evolving needs of buyers. The success of Cullinan West II serves as a case study for the potential of new developments in Hong Kong, demonstrating that well-planned projects can still capture significant interest even in a competitive landscape.
As the sales momentum continues, industry analysts will be monitoring the situation closely, particularly to assess how these trends may influence pricing and availability in the broader market. With a limited supply of new housing options and a steady demand from local families, the outlook for properties like Cullinan West II remains promising.
In summary, the Cullinan West II project is not just a success story for its developers but also a reflection of the resilience of the Hong Kong property market. As buyers flock to well-located and thoughtfully designed homes, the potential for future developments in similar areas looks bright.
