Saturday, May 15, 2021
Martin Hennecke

Fifth Cullinan West III price list released
Sun Hung Kai Properties (0016) has released the fifth price list for Cullinan West III atop Nam Cheong Station, offering 217 apartments at an average price of HK$28,090 per square foot. The average selling price of the flats, which range from 279 sq ft to 1,047 sq ft, is 30 percent higher than the first batch. The most expensive one-bedroom flat is worth HK$12 million. Sales could start next weekend. Meanwhile, Minmetals Land (0230) will launch the first batch of flats at Montego Bay in Yau Tong next week, offering 138 units at an average price of HK$17,688 per sq ft after discount. The average selling price of the flats is 10 percent less than the first batch of One East Coast in the same district, which was launched two years ago. And Swire Properties (1972) plans to put Eight Star Street, a redevelopment project in Wan Chai, up for sale by the end of this month at the earliest. The project offers 37 units, ranging from 431 sq ft to 1,198 sq ft. In other news, a buyer of a 545-sq-ft flat at Marini in Lohas Park cancelled the deal and forfeited a HK$917,100 deposit after booking the flat for HK$9.17 million last year. Separately, the one-month Hong Kong Interbank Offered Rate fell to a more than 10-year low at 0.10286 percent.

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