Tuen Mun sees rise in residential units entering the market, offering buyers a peaceful yet convenient location
New Territories town is experiencing rapid growth in the number of housing projects underway, with more new homes expected to become available soon
Tuen Mun, in the New Territories, is fast developing into a residential area. According to estimates, there are at least 10 residential projects underway, with most expected to be ready in the near future.
Property agents and developers say that supply
in this district is expected to grow over the next two to three years. Estate agents expect new homes to be reasonably priced to attract first-time buyers, families upgrading to a larger home, and investors seeking buy-to-let properties.
HKR International and Nan Fung Development say they are ready to market their projects located at Wu King Road, and at the junction of Tsun Wen Road and Leung Tak Street, respectively, once presale consent is granted.
Nan Fung Development said earlier that the application for presale consent for Ori, a twin-tower, 370-unit complex, was in progress, and homes in this project were expected to go on sale in a matter of weeks.
Sun Hung Kai Properties has two projects under construction in Tuen Mun, located at Leung Tak Street and King Sau Lane, respectively. The Leung Tak Street project would offer 321 units that are mainly small- and medium-sized homes. It may hit the market in a few months after presale consent is granted.
A New World Development project is located at Heung Sze Wui Road, comprising about 100 units, but the date for sales has yet to be announced.