New development price lists · To Kwa Wan

DOWNTOWN 38 price lists & sales

北帝街 38號 · 市區重建局、新鴻基地產

Latest list $/sq ft (2020-11-01)

$21,856

Estate first-hand sales · $/sq ft

4 · $18,721

Estate resale $/sq ft (12m)

$18,371 (6)

Total units

228

🔁 Actual prices vs price list

Later resales: -16.5% vs the original list (17 sales, median ~5.8 years after the list).

Compared flat by flat across the estate (same floor, flat and area); not adjusted for market moves in between.

📐 By size: list $/sq ft and first-year sales

Saleable area	Listed units	List $/sq ft	First-year sales vs list
0–399 sq ft	203	$20,490	–
400–599 sq ft	23	$19,836	–

📈 Average list $/sq ft over time

🗂️ All price lists

Date · no.	Units	Avg $/sq ft	Price range
2020-11-01	66	$21,856	HK$6.21M – HK$8.72M
2020-04-23	5	$28,693	HK$9.75M – HK$16.46M
2019-01-19	66	$21,829	HK$6.21M – HK$8.72M
2019-01-14	105	$20,347	HK$5.88M – HK$9.03M
2019-01-10	50	$19,299	HK$5.45M – HK$7.95M

Estate sales & price index Value a flat

Price lists from developers’ lists published on the government first-hand sales website; sales from Land Registry records. List prices exclude developer discounts and incentives.

…