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PARK SEASONS Project and Long Yin Feng Project in Tseung Kwan O
Apr 17, 2024
PARK SEASONS Project and Long Yin Feng Project in Tseung Kwan O Hong Kong
By   Internet
  • City News
  • Hong Kong property market
  • real estate prices
  • real estate sales arrangements
  • buyer demand
Abstract: The launch of the Park Seasons project in Tseung Kwan O and the La Splendeur project in Ho Man Tin has garnered significant attention in the market, reflecting strong demand from buyers for quality properties and confidence in the future property market.

The Park Seasons project, developed by Wheelock Properties in collaboration with MTR Corporation, has attracted attention by announcing the release of 78 additional units, triggering a strong market response. This decision was made against the backdrop of strong market demand, with an average price per square foot reaching HK$15,039, indicating high attention and recognition from buyers for the project.


Chairman Leung Chi-kin is optimistic about the future property market, expecting prices to gradually rise as demand primarily drives the market currently. His assessment of the market is based on a comprehensive analysis of demand and supply, as well as deep reflection on economic trends. Meanwhile, Vice Chairman and Executive Director Wong Kwong-yiu revealed that the project has received approximately 3,000 applications, with an oversubscription ratio of 16.9 times, demonstrating strong demand from buyers.


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Internet


The 78 additional units released range in size from 322 to 496 square feet, offering 1-bedroom and 2-bedroom options, with prices ranging from HK$5.435 million to HK$8.787 million. The developer has announced sales arrangements for Saturday, dividing them into three groups to provide buyers with more choices and flexibility.


On the other hand, La Splendeur, a project developed by Eagle Legend and MTR Corporation, has also attracted attention. The project showcased its demonstration units to the public yesterday, with the first round of sales expected to commence within this month. Located above the Ho Man Tin MTR station, La Splendeur features luxurious resident club Club ONMANTIN and extensive outdoor gardens, offering a total of 990 units expected to be completed by the end of March 2025. The demonstration units showcase various layout designs, catering to the diverse needs and preferences of buyers.

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PARK SEASONS Project and Long Yin Feng Project in Tseung Kwan O
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