According to Yeung Kwai Ling, Assistant Principal Manager of Sales Department of Cheung Kong Holdings (01113) and Sun Hung Kai Properties (00016), which are jointly developing the Tai Lam section of Castle Peak Road, Tuen Mun, Phase 2, although the project is mainly for one-bedroom units, two-bedroom units are currently accounting for about 45% of the total number of tickets. According to market sources, the project has received about 4,000 tickets, which is about 9 times over-subscribed.
She explained that the latest distribution of customers was from Kowloon, where the number of prospective buyers had increased from 25% last week to 30% now. After the completion of the sale of this property, the group will next launch the sale of the Tung Yuen Street project in Yau Tong.
Sun Hung Kai Properties' (00016) Kau To Cloud in Sha Tin recorded its first first first-hand transaction of the year on Wednesday (22nd), selling Unit D on the 3rd floor of APEX 1 with a saleable area of 988 square feet and three-bedroom partition by tender for $19.76 million at a price of $20,000 per square foot.
The latest sale of Unit B on 17/F, Block 6, a 3-bedroom flat with a saleable area of 784 sq ft at $24,469,800 at $31,211 per sq ft, is a joint venture between China Resources Land (Overseas) and Poly Real Estate Group (00119), located at River King in the Kai Tak runway area. The buyer used a flexible payment plan to enter the market and the transaction period was 540 days.
Henderson Land (00012)'s ONE INNOVALE series in Fanling North recorded 53 transactions so far this month, attracting over $275 million. Mr Lam Tat-man, General Manager of Henderson Land's Agency Sales (I) Department, said the design and planning of the project incorporated artistic elements and invited internationally renowned artists to create giant artworks and erect a 10-metre tall inverted toy frog in the garden of the estate.
SHKP's (00016) Grand YOHO in Yuen Long recorded four transactions on Wednesday (22), with a total transaction value of $43,738,400. Three of the transactions were in Phase 2 of the project, including a 3-bedroom unit with a saleable area of 634 sq ft on 20/F of Block 5 for $11,520,800 at a price of about $18,172 per square foot. Phase 1 of the project was also sold at $10.856 million for a two-bedroom flat of 543 sq ft saleable area in Block 43, Room G, Block 9, at a price of approximately $19,900 per square foot.
Yau Tong Azure East Coast, a subsidiary of Minmetals Property (00230), sold Unit C on 19/F, Block 5, with a saleable area of 502 sq ft and two bedrooms, for $1,029.14 million on Wednesday (22) at a price of about $20,501 per square foot.
China Overseas Land & Investment (00688) sold Unit H, 31/F, Block 2B, with a saleable area of 348 sq ft and a one-bedroom partition, at $8.816 million with a price of about $25,333 per square foot at 1 Harbour Place, Kai Tak.
