Here stands Kei Wah Court. Imagine securing a sea-view flat here for as low as HK$2.5 million. It happened.
Kei Wah Court is located at 9 Tin Chiu Street. It rises in the North Point/Fortress Hill area of Hong Kong Island. The Housing Authority developed it. This building provides good public transport access. It is only a 4-minute walk to the MTR.
Kei Wah Court’s story is one of affordable home ownership. It is part of the Home Ownership Scheme. Many dreamed of owning a flat with a Victoria Harbour view. This dream became a reality for some at Kei Wah Court.
The building has one block. It houses 248 units across 35 storeys. The term of year is 50 years. It started from February 14, 2022.
In 2022, the Housing Authority offered flats at a 49 percent discount. Kei Wah Court became a golden option. Prices ranged from HK$1.24 million to HK$5.31 million.
Units in Kei Wah Court ranged from 280 to 457 sq ft. Prices ranged from HK$2.48 million to HK$5.31 million. The average price per square foot was less than HK$10,000.
The Occupation Permit for Kei Wah Court was obtained on June 17, 2024. This marked a milestone for the residents. They could finally occupy their new homes.
On November 16, 2022, the biggest sea-view flat was quickly snatched up. It was a 457-square-foot flat on the 32nd floor. It cost HK$5.31 million. The flat was sold within 20 minutes.
Buyers queued up early. They were eager to secure a flat. One buyer said it took a lifetime of luck to get a home ownership flat. Another buyer said people should only apply for a mortgage they can afford.
Kei Wah Court stands as a testament to Hong Kong’s housing initiatives. It provided affordable homes. Many residents now enjoy their sea views. It changed lives.