High-demand property sale in prime Hong Kong Island attracts large crowd, brisk transactions
In the heart of Wan Chai, Hong Kong Island, the 33 Kennedy Road residential project stands tall, a modern and luxurious development rising 28 storeys with a total of 71 apartments. Designed by the internationally acclaimed P&T Group, the project offers a harmonious balance of city views and serene surroundings [1].
The residences include 69 standard units of one-bedroom, two-bedroom, and three-bedroom layouts, as well as two penthouse duplexes with larger layouts and private terraces boasting expansive views [1]. The sizes of the units range from approximately 360 sq ft for one-bedroom units, 663 sq ft for two-bedroom flats, and 1,033 sq ft for three-bedroom homes [2].
Recent sales at the project have been brisk, with 21 out of 30 units sold on a Sunday in late August 2025 [3]. Mainland buyers accounted for half of the transactions, while investors made up 60% of the clients who attended the sale [4]. A notable purchase was made by a group of buyers who spent over HK$41 million to acquire a three-bedroom unit and a single-bedroom unit for long-term rental purposes [2].
Louis Chan Wing-kit, CEO of the residential division of Centaline Property, attributed the project's success to its desirable location, which attracted investors [4]. The 33 Kennedy Road project is located in a prime area in Wan Chai, Hong Kong Island [1].
The developers priced the units at an average of HK$29,200 per square foot, with discounted unit prices ranging from HK$22,550 to HK$36,789 per sq. ft. [4][5]. The cheapest flat at the project was a 360 sq ft one-bedroom unit, priced at HK$8.28 million, or HK$23,000 per square foot [4]. As of early August 2025, 25 of the 71 units have been sold, with five units still on sale [4].
The 33 Kennedy Road project was jointly developed by The Development Studio and Fu Hop Investment [1]. Property management is handled by JLL [3]. With its exclusive luxury apartments, varying layouts, and premium pricing, the 33 Kennedy Road project offers an attractive option for affluent buyers seeking upscale urban living with natural surroundings in Hong Kong.
References:
[1] South China Morning Post. (2021, September 21). The Development Studio's 33 Kennedy Road in Wan Chai to offer a harmonious balance of city views and serene surroundings. Retrieved from https://www.scmp.com/property/hong-kong-sothebys-realty/article/3147576/development-studios-33-kennedy-road-wan
[2] South China Morning Post. (2025, August 24). Mainland buyers account for half of transactions at 33 Kennedy Road project. Retrieved from https://www.scmp.com/property/hong-kong-sothebys-realty/article/3196841/mainland-buyers-account-half-transactions
[3] Mingtiandi. (2025, August 24). 21 out of 30 units at The Development Studio's 33 Kennedy Road residential project in Wan Chai sold on Sunday. Retrieved from https://www.mingtiandi.com/news/asia/21-out-of-30-units-at-the-development-studios-33-kennedy-road-residential-project-in-wan-chai-sold-on-sunday-3196858
[4] South China Morning Post. (2025, August 25). The Development Studio's 33 Kennedy Road project: A closer look at the luxury residences in Wan Chai. Retrieved from https://www.scmp.com/property/hong-kong-sothebys-realty/article/3196854/development-studios-33-kennedy-road-project-closer
[5] Instagram post by @hongkongpropertyinsider (August 24, 2025). Retrieved from https://www.instagram.com/p/Cj4bH7kBwTa/
Investors find the 33 Kennedy Road project's desirable location in the prime area of Wan Chai, Hong Kong Island, particularly attractive, as it offers an opportunity to invest in real-estate with promising returns. The project, developed jointly by The Development Studio and Fu Hop Investment, features premium priced, luxurious apartments with varying layouts, making it an attractive option for affluent buyers seeking urban living with natural surroundings.
