Wednesday, January 19, 2022
Martin Hennecke

60 Kowloon flats to go on sale
<p>The Aperture at 11 Ngau Tau Kok Road in Kowloon will open show flats to the public on Saturday and the first price list of over 60 flats will be on offer soon, the developer Hang Lung Properties (0101) said.</p><p>The project will offer a total of 294 flats ranging from 320 to 771 square feet, including 85 one-bedroom units and 145 two-bedroom units.</p><p>Meanwhile, in Kai Tak, 487 units of Monaco One have been sold, accounting for nearly 99 percent of the total 492 flats offered, said Ricky Wong Kwong-yiu, managing director of Wheelock Properties.</p><p>The second phase of the project, which will provide 559 flats, is expected to be granted pre-sale consent soon, and sales will kick off early next year, Wong said.</p><p>In Kennedy Town, Kennedy 38 was at least 26.5 times oversubscribed for 40 flats available in the second round of sales after the developers received around 1,100 checks.</p><p>Separately, Knight Frank expects the price of Hong Kong&#39;s luxury homes to rise by 5 percent in 2022, slower from this year&#39;s estimation of an 8 percent growth.</p><p>The real estate consultancy said the slowdown of the mainland economy coupled with the sluggish Hang Seng Index has dampened the growth of property prices, but luxury property prices are still at historic highs.</p><p>In other news, Hong Kong lost its seat in the top 10 most attractive cities in the world for the first time, according to Mori Memorial Foundation, beaten by Tokyo, Singapore, Shanghai, Melbourne and Sydney in the Asia-Pacific region.</p>

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