Last year, few brand-new projects were launched on Hong Kong Island, but this year, the situation is different, which is one of the rare railway projects on Hong Kong Island, attracting many celebrities on the south shore of Hong Kong Island, Wong Chuk Hang Station, the second half of the year, there are also two properties available for sale. The project has just released its brochure, focusing on two- and three-bedroom units, and is expected to go on sale next month.
Kerry Development Director and General Manager of Hong Kong, Mr. Tang Yiu-chung said that the sea Ying Shan shortly open demonstration units for the public and the media to visit, the project price reference to the Southern District luxury residential and railway superstructure properties. He also pointed out that the market has digested the news of interest rate increase, is expected to rise about 5% of the annual property prices.
The first to be launched in Phase 4A is Block 2 (divided into two wings 2A and 2B) involving 432 units, with a variety of unit sizes ranging from one-bedroom to three-bedroom, accounting for more than 80% of the two- and three-bedroom units, and 16 special units to meet the living needs of different families.
The standard units range from 389 to 915 square feet in usable area, while the featured units range from 351 to 1,847 square feet in usable area. The smallest unit is Room G on the 5th floor of Block 2B, a one-bedroom apartment with a saleable area of 351 square feet and a 119 square foot garden.
The largest unit is the top floor feature flat A on the 43rd floor of Block 2B, with a saleable area of 1,847 square feet, a 531 square feet terrace, a 1,452 square feet rooftop and an 83 square feet staircase, with four bedrooms and two suites.
In addition, the floor-to-floor height of the standard units in Phase 4A is approximately 3.15 meters, with some units and feature units reaching approximately 3.4 meters. The pre-sale occupation date of the project is May 2025, with an uncompleted period of nearly two years.
According to the information, the pre-sale consent for Phase 4A and Phase 4B of Oceanaire was approved in November and December last year respectively. The entire phase 4 premium amounted to more than $6.757 billion, with a premium of $10,587 per square foot, which is the highest premium per square foot among all phases on the south shore of Hong Kong Island.
A total of 6 phases of development, of which Phase 1 Jinhuan and Phase 2 Yanghai have been put up for sale, the transaction price per square foot is as high as $75,000, a new high in the region, and has attracted many celebrities in the city to enter the market. The former launched the first batch of 160 units in April 2021 at an average discounted price of $29,689 per square foot; in August of the same year, the first batch of 120 units were announced at an average discounted price of $30,880 per square foot, with an admission fee of $10.8 million for a one-bedroom unit.
