# Hong Kong Northern Metropolis residential market trends > Live situation record from CLSTR: https://clstr.news/situations/hong-kong-northern-metropolis-residential-market-trends > Updated: 2026-08-24T00:11:12.000Z. Sources: 11. Developments: 2. The Hong Kong residential market has shown varying levels of engagement regarding the Northern Metropolis development. Initially, homebuyers demonstrated interest in the region, specifically at the Park Silicon project in Kwu Tung North. In one instance, more than half of the 82 available flats were sold via regular sale, with some units sold through tender for over HK$78.43 million. This activity was supported by rising residential rents, which made mortgage payments more cost-effective than renting for some buyers. However, the project has faced challenges due to high pricing. Reports indicated that at the Park Silicon project, only 56 of 100 apartments were sold on the debut day. Analysts noted that average prices exceeding HK$17,000 per square foot in this outlying area nearly match central urban locations like West Kowloon. This pricing structure is viewed as a potential deterrent for future residential launches within the Northern Metropolis hub. ## Timeline ### 2026-08-24: Hong Kong Northern Metropolis faces slow start due to high housing prices Hong Kong’s Northern Metropolis tech hub faces early hurdles as high residential prices in the Kwu Tung area lead to middling sales for new developments like Wheelock Properties’ Park Silicon. 6 sources. https://clstr.news/cluster/hong-kong-northern-metropolis-faces-slow-start-due-to-high-housing-prices ### 2026-08-16: Hong Kong homebuyers show interest in Northern Metropolis flats Hong Kong homebuyers are increasingly choosing to purchase property amid rising rents and a recovery in the Northern Metropolis residential market. 4 sources. https://clstr.news/cluster/hong-kong-homebuyers-show-interest-in-northern-metropolis-flats --- Cite as: Hong Kong Northern Metropolis residential market trends. CLSTR, https://clstr.news/situations/hong-kong-northern-metropolis-residential-market-trends