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Recently, Hong Kong's property market has been buoyed by a series of favorable policies, particularly active in the luxury segment. The collaboration between Longfor Group and Henderson Land on 'Kai Yue THE CORNICHE' has once again taken center stage, achieving significant sales over multiple days. Just on the 24th and 25th of this month, the project sold 2 luxury homes, totaling nearly HK$300 million. Since the Hong Kong government's abolition of the property appreciation tax just three months ago, 'Kai Yue THE CORNICHE' has sold 22 sea-view residences exceeding 1,000 square feet each, with total sales surpassing HK$1.25 billion.

Since the abolition of the property appreciation tax, Hong Kong's real estate market has shown a noticeable rebound, with increased transaction activity and purchasing power. To further stimulate the market, the Hong Kong Monetary Authority announced new favorable policies on June 14th, specifically targeting residential pre-sale contracts signed before February 28th, raising the maximum mortgage ratio to 70%. This measure aims to assist homebuyers in managing the down payment pressure when property valuations are below transaction prices, effectively boosting market transaction activity.

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Located in the seaside area of Southern Hong Kong Island, 'Kai Yue THE CORNICHE' is a joint project by Longfor Group and Henderson Land, offering stunning views of Shouson Hill, Deep Water Bay, and Repulse Bay. With a total area exceeding 670,000 square feet, each unit boasts practical areas exceeding 1,000 square feet. The project comprises 6 residential buildings, providing 295 sea-view apartments ranging from 3-bedroom layouts to 4-bedroom suites, each equipped with private elevator access and floor heights up to 3.5 meters. Additionally, unique unit types such as top-floor duplexes, spacious flats, and platform gardens range from 1,340 to 9,663 square feet.

Kai Yue THE CORNICHE has garnered attention for its exquisite design and high-end living standards. Internally, the project features meticulously crafted amenities by several internationally renowned design teams, including a nearly 30,000-square-foot luxury clubhouse designed by interior designer Yabu Pushelberg, and over 55,000 square feet of outdoor greenery designed by renowned Japanese zen garden designer Toshiyuki Matsuoka. The project was honored with the PropertyGuru Award 2023 for Best Waterfront Apartment Development and achieved a Silver BEAM PLUS green building certification, reflecting its high standards in sustainable development and environmental protection.

Southern Hong Kong Island is highly favored for its exceptional natural surroundings and luxurious amenities, boasting scenic hiking trails and sandy beaches, making it a prime location for numerous luxury residential projects. The area also features several exclusive private clubs such as Aberdeen Yacht Club, Deep Water Bay Yacht Club, and American Club, offering residents a diverse resort-style living experience. Furthermore, Southern Hong Kong Island hosts a variety of international and traditional schools, including German Swiss International School, Hong Kong Canadian International School, St. Paul's Co-educational College Primary School, and St. Stephen's College, providing families with access to quality education resources.