The first transaction for a new luxury residential development was recorded, with 10 units sold in a tender on Monday (8) by six major developers including Henderson Land (00012), China Overseas Land Development (00688) and Chinachem Group, with prices ranging from HK$31.03 million to HK$58.23 million and square footage ranging from $30,968 to $40,777, involving a total of nearly $420 million. The highest priced unit on the 19th floor of Block 1 was Unit A, with a saleable area of 1,428 square feet and a four-bedroom apartment with a workroom, which was sold for approximately $40,777 per square foot.

The Opposite House, a development by Chinachem Group, announced on Monday (8) the launch of the final phase 1A, named "The Opposite House", following the sale of Phases 1B and 1C in March and April this year respectively. The project will be named "The Opposite House".

The group's sales director Helen Fung said that the sales brochure for the phase has been uploaded to the project website and there is a chance that prices will start this week, with reference to the two earlier phases, and with adjustments to the views and orientation. The sale of the development will commence next week at the earliest. The project is set to open three show flats to the media in the next one to two days.

Sun Hung Kai Properties (00016) sold 5 units of University Hill (Phase 2A) at Pak Shek Kok, Tai Po, by tender on Monday (8), raising over $46 million in a single day. According to the developer, the latest units sold ranged from one-bedroom to three-bedroom units, with prices ranging from $6.135 million to about $15.054 million, and sf prices from $20,236 to $23,971. The highest priced unit was Unit B5, 15/F, Block 5A, The Landmark, with a saleable area of 628 sq ft, a 3-bedroom suite with 183 sq ft rooftop, sold at $23,971 per square foot.

The joint development of Poly Real Estate (00119) and Sunga Holdings, Yau Tong Long Yu, put up for sale on Monday (8) the price list No. 2, offering 64 units at an average unit price of $18,986, about 5.8% higher than last year's first batch of units at an average unit price of $17,938. The sale is scheduled to take place on the same day and 172 units will be offered for sale on Friday (12).

According to the price list, the new batch of units, ranging from open-plan to two-bedroom units, are priced from $4,688,500 to $9,064,200 in real terms and from $17,590 to $20,131 per square foot in real terms. Poly Land's Director of Sales and Marketing, Ms. Chu Mei Yee, said the project has added a "CHILL Class Easy First Mortgage Payment Plan", under which buyers can enjoy interest-free and mortgage-free first 18 months with a maximum mortgage amount of 80% of the net property price.

Henderson Land's (00012) Baker Place in Hung Hom. On Monday (8), Price List No. 6 was launched, offering 28 units at a discounted average price of $21,313 per square foot, about 4.6% higher than the discounted average price of $20,368 per square foot in Price List No. 5, which was launched at the end of last month.

The newly launched Price List 6 comprises 13 units of open-plan, 9 units of one-bedroom and 6 units of two-bedroom apartments with saleable area ranging from 214 to 378 square feet at a discounted price of $4,290,300 to $8,145,000 and a discounted price per square foot of approximately $20,048 to $24,092. The lowest priced and sized units are all M units on the 6th floor, with a usable area of 214 sq ft and open-plan units. The latest addition will be available for sale this Friday (12th).

Sun Hung Kai Properties (00016) also sold 7 units in a row yesterday at Sunrise Hong Kong's Jinhai II in Tseung Kwan O, with a total transaction amount of $64,247,300 from $8,291,900 to $10,305,000. Among them, a 3-bedroom flat on 57th floor of Block 5B at Jinhai II, with a usable area of 628 sq ft and a room partition, was sold for $10,305,000 at a price of about $17,564 per square foot.

Kowloon Development (00034) has sold 10 units of its Hoi Yin Estate in Tseung Kwan O so far this month, attracting over $60 million in proceeds. Among them, the latest sale was a 204 sq ft open-plan flat on the 22nd floor of Block 1 for $4,502,000 at a price of about $22,069 per square foot.

Sun Hung Kai Properties (00016) sold Flat K on Level 3 of Block 3 with a podium for $9,976,500, a 2-bedroom flat of 456 sq ft with a 332 sq ft podium, at a price of about $21,878 per square foot.