Hong Kong property developers Sino Group and New World Development have delayed home sales scheduled for Friday as the city suffered its deadliest fire in over seven decades.
Both companies announced the postponement on Thursday, offering no specific reasons or timeline for when sales would resume, as reported by the South China Morning Post.
Sino had planned to open the second round of sales for its One Park Place project in the Yau Tong area, with 150 units on offer, while New World’s Austin Bohemian development in Jordan was expected to release 63 units, according to earlier reports by The Standard.
Their announcements came as the city grappled with a massive fire that erupted on Wednesday at an apartment complex in the Tai Po district. The blaze was still burning on Thursday afternoon, more than 24 hours after it began.
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Smoke and flames rise as a major fire engulfs several residential buildings at Wang Fuk Court on Nov. 27, 2025, in Hong Kong. Photo by Sipa USA via Reuters |
The densely built complex contains 2,000 flats across eight blocks and houses more than 4,600 residents. The blocks had been under renovation since last July, wrapped in bamboo scaffolding and green mesh. Police said the blaze may have been caused by a “grossly negligent” construction firm using unsafe materials.
As of the writing of this article, fires at four of the seven blocks that were burning had been extinguished while the remaining three were under control, Reuters reported, citing local authorities.
At least 94 people have died. The death toll marked the deadliest fire in the city since 1948, when a warehouse blaze claimed 176 lives.
