Staff reporter
KT Marina in Kai Tak is set to launch sales of 218 flats on Saturday, with 212 homes on the list and prices starting at HK$5.75 million after discounts.
The residential development is a joint venture involving K Wah International (0173), Wheelock Properties, and China Overseas Land and Investment (0688).
The first batch will also take in six three-bedroom flats to be sold through a tender process.
The project has received over 1,500 checks to date, based on 212 homes for sale on the price list, which is more than six times oversubscribed. Subscription registrations close at 1pm on Friday.
Flats on the price list also include one- to three-bedroom units with areas ranging from 306 to 586 square feet. Discounted sale prices range from HK$5.75 million to HK$15.46 million, which corresponds to a price between HK$17,987 and HK$26,384 per sq ft.
The first price list announced last week for KT Marina Phase 1 offered 208 flats at a discounted average price of HK$19,798 per sq ft and the second list on Monday offered 118 at a discounted average price of HK$20,988 per sq ft.
Consequently, a total of 326 apartments were released between these two price lists. The entire phase 1 of the project will offer 1,017 homes.
In Tuen Mun, Sun Hung Kai Properties (0016) announced the forthcoming release of the fourth price list for Novo Land phase 2A and intends to initiate sales as early as next week.
The list will include a minimum of 93 flats, featuring studios to three-bedroom flats.
At Lohas Park in Tseung Kwan O, the Villa Garda III project will commence a new sales round on Friday, presenting 129 homes including 65 newly added units. The project is a collaboration involving Sino Land (0083), K Wah, China Merchants (0978), and MTR Corp (0066). They released the third list featuring 65 flats on Monday, with prices starting from HK$7.38 million after discounts.
In Aberdeen, Emperor International (0163) has sold two special units at SouthSky for an average price of HK$20,000 per sq ft. Sized 288 and 365 sq ft, the two units have terraces were offloaded at HK$5.76 million and HK$7.3 million respectively.
Meanwhile, the mortgage-related one-month Hong Kong interbank offered rate dipped 6 basis points to a nearly two-week low at 4.904 percent.
The overnight Hibor rose over 13 basis points to 4.529 percent yesterday after the Hong Kong Monetary Authority injected HK$889 million into the market through the discount window on Monday – the fourth time in October.
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from
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