Friday, November 27, 2020
Martin Hennecke

Luxury homes hit market
Sun Hung Kai Properties (0016) launched luxury project Central Peak in Mid-Levels West and potential buyers need to place a HK$2 million cheque for home viewing. The developer expects to sell the flats on Stubbs Road next week by tender at the earliest. The first phase involves 53 units ranging from 1,649 square feet to 2,962 sq ft. The second phase offers 19 houses. Meanwhile, New World Development (0017) will reveal the price list of the second batch of The Pavilia Farm atop Tai Wai Station Wednesday at the soonest. Hong Kong Ferry (0050) and Empire Group will launch 248 units in Starfront Royale in Tuen Mun on Sunday at an average price of HK$14,928 per sq ft. The first price list offers 123 units with the cheapest studio flat worth HK$2.99 million after discounts. The second price list offers 62 units with price of HK$15,035 per sq ft on average. The third price list provides 63 units with average price of HK$15,551 per sq ft. A residential site in Tai Po has been awarded to Fresh Harmony Group on a 50-year land grant at a premium of HK$451 million, the Land Department announced. In the secondary market, a 3,308-sq-ft house in Residence Bel-Air in Pok Fu Lam was sold for HK$180 million after the former owner slashed HK$30 million, the first transaction in the project this year. The owner had asked for HK$210 million last year. And the owner of a 918-sq-ft unit at Kadoorie Lookout in Ho Man Tin lost HK$920,000 after the flat sold for HK$18.5 million or 20,153 per sq ft. The owner had bought the flat for HK$19.42 million in 2013.
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