According to Midland Realty, the first price list for the second phase of the Sunrise International Tuen Mun Residence project, Gold Coast - Pearl Beach, was released today (7th), involving 128 units, with a net average price of about 9,788 HKD per square foot and an entry price as low as 2.422 million HKD.

Mr. Bu, the CEO of Midland Realty's Residential Division, stated that the pricing is attractive and shows a discount compared to the prices of units released last year in the same project. The entry price is appealing, and with many educational institutions nearby, it is believed that it will attract many first-time buyers from the 90s and 00s, long-term rental clients, and 'cake guests'. It is estimated that the rent per square foot after moving in could reach about 38 HKD, with a rental return of about 5%, making it a suitable option for both self-use and investment.

Mr. Bu mentioned that entering 2025, it is expected that 4 to 5 new projects will debut this month. With the interest rate cut, both the primary and secondary markets are activated, and it is anticipated that in January, the transaction volume with new and remaining stock could reach about 1,000 units. There are signs of a rebound in secondary housing prices, and it is expected that property prices will rise about 5% throughout the year.