Together with the remaining units, more than 700 units will be put up for sale in the first-hand market over the weekend, which will push up the number of new property transactions during the month.
Cheung Kong Holdings (01113) and Sun Hung Kai Properties (00016) jointly developed Feiyang Phase 2 at Tai Lam Road, Castle Peak Road, Tuen Mun on Tuesday (21) announced an additional price list of 108 units at an average price of HK$12,997 per square foot. The project is also scheduled to go on sale on Saturday (25) with all 400 units available.
Assistant Principal Manager of Sales Department of Cheung Kong Holdings, Ms Yeung Kwai Ling, said that the new batch of units were added to the sale at the original price and were concentrated in Block 3, with 20 units featuring rooftop units.
According to the distribution of the units, there are 55 one-bedroom units, 46 two-bedroom units and 7 three-bedroom units. The units are priced from $3,290,000 to $10,363,000, with a discounted price per square foot of approximately $11,545 to $15,782.
Phase 1B of The Opposite House at Ho Man Tin Station, developed by Chinachem Group, announced on Tuesday (21) the launch of additional price list No. 3, offering 67 units at an average discounted price of about $29,318 per square foot. On the same day, all 179 units in the 3 price lists will be offered for sale on Saturday (25), and 4 units of 4-bedroom units will be put up for sale by tender on Sunday.
The Group's Sales Director, Helen Fung, said that the latest batch of units, excluding floor and view factors, were added to the sale at the original price, including 49 two-bedroom units and 18 three-bedroom units, with saleable areas ranging from 422 to 941 square feet at a discounted price of $11,718,100 to $30,452,900, or about $25,530 to $34,374 per square foot. Based on the pricing, the market value of 67 units is over $1.4 billion.
Sino Land (00083) and four other major developers of South West Kowloon Harbourview II uploaded their latest sales arrangements on Tuesday (21), implementing the sale of 118 units from Saturday (25), including 55 units by way of price list and 63 units by tender.
According to the sales arrangements, the units for which price lists have been issued will be offered for sale on a first-come-first-served basis. Tenders for the units will be invited from March 25 to June 30, with tenders invited at 3pm and closed at 5pm daily. It is reported that 918 units have been sold so far in the entire Harbourfront series, generating over $14.1 billion in cash.
Sun Hung Kai Properties (00016)'s Kowloon Station Grandeur, Tuesday (21) by tender sold a four-bedroom unit at a record high price of over $90,000 per square foot.
The above-mentioned apartment A on the 88th floor of the Diamond Seal, with a saleable area of 1,574 square feet, together with a car parking space, was sold for nearly $142 million at a price of about $90,188 per square foot.
New World Development's (00017) Parkview Hill, North Point, sold its penthouse unit for more than HK$125 million on Tuesday (21).
According to the project's transaction record book, the above-mentioned unit, with a saleable area of 2,502 sq ft, is a four-bedroom, four-suite duplex with sea view on the 33rd and 35th floors of Block 3, and was sold for $125.1 million, together with two car parking spaces, at a price of $50,000 per square foot.
The project offers 611 units and has been on sale since June 2018. 610 units have been sold so far, generating approximately $16 billion in cash, with the last unit remaining to be sold being a duplex.
Henderson Land's (00012) Mongkok development, One Corner, recorded two more transactions on Tuesday (21), selling about 40 units for the month. The latest units sold include Flat A on 9/F, Block 1, with a saleable area of 447 sq ft and two bedrooms with storage space, at a price of $9,765,900, or about $21,848 per square foot.
