The new development above Ho Man Tin Station, The Opposite House, Phase 1A, a joint venture between Chinachem and MTR Corporation, today announced Price List No. 2, involving 45 units at an average price of $28,655 per square foot, more than 7 per cent higher than the first price list, including the first 8 units with a podium feature.
According to Helen Fung, Director of Sales of Chinachem Group, sales arrangements for Yu Yi Tian Hai are expected to be uploaded within 24 hours and the sale will commence this Saturday at the earliest.
The additional units to be launched include 1 unit of 1 bedroom, 29 units of 2 bedrooms and 15 units of 3 bedrooms, with saleable areas ranging from 327 to 960 square feet.
After deducting a maximum 15% discount, the discounted selling price ranges from $8,338,500 to $30,779,000, with a discounted price per square foot of $25,500 to $32,800.
The market value of the entire batch of units is approximately $1,030 million at the asking price.
The lowest priced 2-bedroom unit is Unit C on 6/F, Block 2B, with a saleable area of 522 sq ft at a discounted price of $13,365,400 and a discounted price of $25,604 per square foot; the lowest priced 3-bedroom unit is Unit A on 6/F, Block 2B. Flat A on 6/F, Block 2B, with a saleable area of 957 sq ft, is a 3-bedroom flat with storage partition, at a discounted price of $25,518,700, or $26,665 per square foot.
The first price list announced by Yu Yi Tian Hai last Thursday involved 90 units at a discounted price of $7,989,100 and a discounted average price of $26,718 per square foot.