The One Victoria Cove development in Hung Hom has emerged as one of Hong Kong’s most significant recent residential launches in 2026, with its first phase offering 360 units and drawing substantial buyer interest shortly after sales commenced. According to verified project details, the development – a joint venture between Sun Hung Kai Properties, Hysan Development and Emperor Group – is situated on Pei Ho Street in Hung Hom and forms part of a larger urban renewal initiative.
Sales data from mid-April 2026 indicates strong initial uptake for One Victoria Cove Phase 1, with reports showing 218 units made available during the initial launch and 138 units sold within the opening period. The project’s pricing structure, as disclosed by the developer, shows units starting from approximately HK$7.011 million before discounts, with discounted prices beginning at HK$6.38 million for certain configurations.
The development’s appeal is further enhanced by its strategic location near Hung Hom MTR station, which provides access to both the East Rail Line and Tuen Ma Line, facilitating convenient travel across Kowloon, Hong Kong Island, and the New Territories. Additional transportation links include proximity to major thoroughfares such as the Cross-Harbour Tunnel and the Eastern Corridor, supporting both public and private vehicle commutes.
One Victoria Cove is being developed in multiple phases, with the overall project comprising approximately 1,296 to 1,300 residential units across four stages of construction. Phase 1 specifically consists of 360 units, managed by Kerry Properties’ property management arm, and features units ranging in size to accommodate various household needs. The project emphasizes harbor views, with many units offering unobstructed vistas of Victoria Harbour, particularly appealing during festive periods when fireworks displays are visible from residential balconies.
Amenities within the development and surrounding area include access to established shopping centres such as Whampoa Garden and Hung Hom Plaza, both within walking distance. The location also falls within Kowloon City School Net 34, providing residents access to a range of educational institutions noted for academic performance in the district.
As of late April 2026, the project’s sales timeline indicates an expected completion date for Phase 1 in August 2027, aligning with standard pre-sale arrangements for new developments in Hong Kong. The Urban Renewal Authority serves as the legal owner of the land, while Yee Lee Star Development Limited acts as the appointed entity overseeing design, construction, and sales coordination for the phase.
Market analysts note that One Victoria Cove’s launch contributes to a broader trend of strong demand for new residential properties in Hong Kong’s core urban districts, particularly those offering combined advantages of location, views, and access to infrastructure. The development’s positioning reflects ongoing buyer preference for properties that balance convenience with lifestyle amenities in established Kowloon neighborhoods.
For prospective buyers and investors seeking official updates on One Victoria Cove, the developer maintains dedicated sales channels through authorized property agents, with detailed information including price lists, floor plans, and sales arrangements available through official property listing platforms. Regular updates on construction progress and upcoming phase releases are typically communicated through these authorized channels.
The project represents a significant component of Hong Kong’s ongoing urban renewal efforts in Hung Hom, transforming former industrial and commercial sites into modern residential communities while maintaining connectivity to key transportation nodes and established local amenities.
As the property market continues to evolve in mid-2026, developments like One Victoria Cove illustrate the persistent demand for quality housing in well-connected urban locations, particularly where new supply meets specific buyer preferences for harbor accessibility, educational proximity, and lifestyle conveniences.
Those interested in tracking the project’s advancement can consult official sources including the developer’s announcements, property agent updates, and Urban Renewal Authority communications for verified information on sales milestones, construction timelines, and future phase releases.
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