The Imperial is designed as a 28-story single-building structure, providing residential units of various sizes, ranging from open layouts to two-bedroom units. Among them, there are 126 one-bedroom units, accounting for 55%, with the smallest distinctive unit measuring only 178 square feet, expected to become a focal point in the new wave of the property market.
Ching Tak Properties' Executive Director, Cheng Tak-Wan, stated that the new development will feature shops and clubhouse facilities and is expected to be completed by the end of April 2025, offering residents a living choice with an Oriental traditional architectural style. Kelvin Chan, Senior Manager of the Group's Marketing Department, added that the design details of the residences will highlight Eastern elements to meet market demands.
In the secondary property market, Lu Li-jun, the former girlfriend of HuaZi (00127) founder Liu Luan-xiong, resold a unit on the 40th floor of Block 1B at Chun Wan Station's Zhunhuan for HKD 28.2 million. This price is 19.5% lower than the purchase price of HKD 35.13 million in 2021, as the transaction was canceled.
Moreover, Hang Lung Properties (00012) and the Urban Renewal Authority's Ying Chuk project in Cheung Sha Wan offer discount incentives. Unit E on the 6th floor is a two-bedroom unit with a usable area of 512 square feet, originally priced at HKD 9.2611 million. However, it is now available at a "Festive Property Appreciation Discount" of 7%, reducing the price to HKD 8.6128 million, with a price per square foot of HKD 16,822.
Out of the 19 residential units in Ying Chuk, 18 have been successfully sold for a total amount of approximately HKD 117 million. Unit E on the 6th floor remains the last unsold unit.
Meanwhile, Sun Hung Kai Properties (00016) and MTR Corporation (00066) launched 291 new units in the YOHO WEST project today. Since the beginning of this month, 892 units have been sold, accounting for approximately 64% of the total 1,393 units in the entire project. On the same day, Henderson Land Development's Kowloon Bay MONACO MARINE project sold a two-bedroom unit with a usable area of 435 square feet for HKD 10.657 million, with a price per square foot of HKD 24,499.
