Sun Hung Kai repeats its sell-out weekend at Wetland Seasons Bay as Hong Kong’s returning buyers push home prices to near record
Augt 30, 2021
The Standard
Excerpt
The primary property market was buoyant during the weekend.
Figuring in the action were 45 flats at The Henley III in Kai Tak being offered by Henderson Land Development (0012).
The second price list for the flats, which range from 238 to 540 square feet and comprise 14 studio flats, 25 one-bedroom flats and six two-bedroom flats, shows them priced at between HK$6.69 million and HK$18 million with a 5 percent discount.
The discounted per square foot prices are between HK$25,246 and HK$33,385, up 1.7 percent from the first price list. Around 350 checks were received by yesterday, meaning a fourfold oversubscription.
Sales executive Thomas Lam Tat-man said he expects the second round of sales to begin next weekend.
Atop Wong Chuk Hang MTR station, La Marina attracted at least 2,000 checks in four days, marking an oversubscription of 9.6 times.
Developed by Kerry Properties (0683), Sino Land (0083) and MTR Corp (0066), the project is package two of The Southside development at the MTR station.
Tong Yiu-chung, Hong Kong general manager at Kerry Development, said 80 percent of the prospective buyers were from Hong Kong Island, and 30 percent had indicated they wanted to buy more than one flat.
In Tin Shui Wai, Sun Hung Kai Properties (0016) released a sixth price list for Wetland Seasons Bay to launch another 123 flats at an average price of HK$15,492 per square foot.
More :
https://www.thestandard.com.hk/secti...-for-new-units