Monday, February 24, 2020
Martin Hennecke

Homes sales move smartly even in troubled times
Developers are stepping up their home-sale schedules despite the continuing unrest. Wheelock and Co (0020) sold 133 out of 182 flats released from the first two price lists issued for Lohas Park Phase IXB Grand Marini in Tseung Kwan O. The first two price lists of Grand Marini have a total of 202 flats, measuring between 374 and 785 square feet, which are offered at an average HK$15,223 per sq ft after discounts. And 136 units from the fifth price list of Lohas Park Phase IXA Marini also went on sale yesterday. That list consists of a total 148 units ranging in size from 356 to 545 sq ft. They are priced between HK$5.73 million and HK$10.1 million, or from HK$15,074 per sq ft to HK$18,525 per sq ft after discounts. The developer received 4,200 checks for Marini, meaning it was about 30 times oversubscribed, and 1,400 checks for Grand Marini, or seven times oversubscribed. Meanwhile, Longfor (0960) and KWG (1813) circulated sales brochures for Upper RiverBank in Kai Tak on Wednesday, providing 667 units. In the secondary market, a 448-sq-ft flat at Kingswood Villas in Tin Shui Wai changed hands for HK$5.18 million, or HK$11,563 per sq ft . That was after HK$320,000 was slashed from the first asking price. And a 681-sq-ft flat at Mantin Heights in Ho Man Tin sold for HK$15.15 million, or HK$22,247 per sq ft. The deal was struck when HK$1.35 million was chopped off the original asking price.

Previous news : Masks and curbs as casinos reopen


Register  Forget Password
Advanced Search
© 2020 The Standard, The Standard Newspapers Publishing Ltd.
Home | Business | Metro | Focus | Opinion | Markets | World | Sports | Entertainment | Monday Money | Property | Macau | Weekend