(29 Dec 2024, Hong Kong) Hip Shing Hong (Holdings) Company Limited (“Hip Shing Hong”) celebrated the completion of “ORIA”, its latest boutique development at 121 Shau Kei Wan Main Street East in the heart of Eastern Hong Kong Island, with a light-up ceremony.
The development will soon launch its completed units for sale, making it one of the market’s first property projects in 2025. “ORIA” enjoys exceptional connectivity, with MTR Shau Kei Wan Station just a minute walk away. Its extensive transportation network provides convenient access to the three major business districts in Hong Kong Island and Kowloon East, whilst offering proximity to popular nature spots, perfectly embodying the concept of “City to Nature: One Step Away”. With a diverse range of nearby amenities, “ORIA” is set to appeal to owner-occupiers, local extended families, rental investors, and talented professionals from other districts seeking quality homes in Hong Kong.
Completed Units Expected to Launch in The Near Term Amid Rising Favourable Market Conditions
Jonathan Fong, Deputy Managing Director of Hip Shing Hong (Holdings) Company Limited, said, “The light-up ceremony signifies “ORIA”’s radiant brilliance as a new beacon of quality living in Hong Kong Island East, illuminating the lives of future residents. With the US entering an interest rate reduction cycle, coupled with various favourable housing measures announced in the 2024 Hong Kong Policy Address(including the relaxation of mortgage loan limits to 70%, measures supporting young homebuyers, as well as optimisation of the ‘Capital Investment Entrant Scheme’ to include investments in residential and non-residential properties in Hong Kong as permissible investment assets alongside specified financial assets) the local residential property market has clearly become more attractive. Furthermore, stimulus measures in mainland China’s monetary and fiscal policies are facilitating more capital inflow into Hong Kong’s real estate market. As a result, the Group plans to launch sales shortly, with completed units expected to open for viewing by appointment in the near term to meet strong market interest.”
“The relaxed mortgage loan limits and anticipated interest rate reductions have sparked keen interest from rental investors, particularly for properties along railway lines,” Mr Fong continued. ““ORIA”‘s immediate availability presents a prime opportunity for investors looking for turnkey investment. Additionally, the growing presence of newly arrived talents and professionals under various admission schemes in nearby business districts represents a strong pool of prospective buyers and tenants. We are finalising attractive purchasing incentives to meet market demand.”
Bonnie Cheung, Head of Property Sales at Hip Shing Hong (Holdings) Company Limited, said, “Properties on Hong Kong Island have long been know for their potential to retain market value over time. As market confidence rebounds, “ORIA”‘s unique selling point, “City to Nature: One Step Away”, exemplifies its seamless blend of city buzz and natural serenity, offering residents a truly vibrant and harmonious lifestyle. From the development, residents can reach the MTR station in just one minute, enabling convenient access to all districts. They can also enjoy the diverse dining scene, take leisurely walks along the typhoon shelter, or explore Dragon’s Back on weekends for a natural escape.”
“ORIA”, the newly completed property in Hong Kong Island East, is situated at a prime location on Shau Kei Wan Main Street East. At 23 storeys, it offers 156 units with saleable areas ranging from 190 to 737 square feet. The unit mix comprises of studios, one-bedroom, two-bedroom, and special units, catering to diverse lifestyle needs. As a rare new development adjacent to an MTR station in the district, “ORIA” combines the convenience of a transportation hub with the abundance of dining options, greenery, and recreational spaces. Situated beside century-old cultural landmarks and surrounded by a famous dining street, the development embodies a unique character that seamlessly blends heritage with modernity. For professionals and young families working in the core business districts of Hong Kong Island and Kowloon East, “ORIA” represents a truly rare opportunity to own a new property in an urban setting that is just a stone throw away from nature.
For more information, please visit www.hshd.com.hk & www.oria.hk.
