House vs Unit Price Divergence and What It Means

Detached houses along Salisbury Road posted average price gains of 7.8 percent in the first half of 2026 while typical residential units in the same district fell 2.4 percent over the same period.

The split reflects tighter supply of larger plots near the waterfront and stronger demand from families seeking private gardens amid ongoing redevelopment pressure around the former Marine Police headquarters site. Local agents report that buyers who once considered both options now face a clear choice between paying a premium for land or accepting lower entry costs in towers.

Local market patterns

Properties near Kowloon Park and the Tsim Sha Tsui MTR exit have shown the clearest divergence. Houses on side streets off Nathan Road reached HK$42,000 per square foot in June transactions while comparable units inside Harbour City-linked towers traded at HK$19,800 per square foot. The gap widened after the Urban Renewal Authority announced accelerated land resumption plans for two blocks east of Peking Road last month.

Centaline Property data released on 8 July recorded 14 house sales above HK$30 million in Tsim Sha Tsui since January compared with 92 unit transactions under HK$15 million. The figures mark a reversal from 2025 when unit volumes led by a two-to-one margin.

Buyer considerations

Families weighing the options should check land lease terms first because many older houses on Salisbury Road carry 2047 expiries that affect financing. Those targeting units can still secure 25-year loans at current rates through banks active on Canton Road. Prospective buyers are advised to review the next Urban Renewal Authority tender schedule due in September before committing to either segment.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.