In February, the Hong Kong Lands Department received applications for pre-sale consents for five projects, involving approximately 2,143 residential units. This represents an increase of 804 units, or 60%, compared to the 1,339 units recorded in January. The figure marks the highest level since September 2024, when 4,037 units were applied for in new submissions.

Additionally, as of February, around 29 projects were pending approval for pre-sale consents, totaling 9,736 units. This is an increase of 1,541 units, or 19%, compared to the 8,195 units pending in January. It also represents the highest level in approximately 15 months, since November 2024, when 12,350 units were awaiting approval.

During February, two projects were granted pre-sale consents, covering 602 units. This breaks the trend from January, when no approvals were issued. Both projects are developed by SHK PPT. One is the Tsing Wan Heng Wo Tsai Street project, which includes 462 units. The other is the second phase of the Kai Tak Skyline‧Sea development, comprising 140 units. The latter is scheduled for completion by the end of this month and is nearing the status of a completed property.