2024-05-09 28Hse Editor
Hong Kong’s residential property prices rank as some of the most expensive in the world. Even the price of a parking space is unaffordable to the general public. Henderson Land, in partnership with Wheelock Properties, China Overseas, Chinachem, New World and Emperor Group, will launch 116 units of new three- and four-bedroom sea view flats this Friday.
Announced yesterday, the developer revealed the price list of the project’s parking spaces, each priced between HK$3.5 million and HK$3.75 million. The price of a single parking space is enough to purchase a 229-square-foot open-plan unit at University Hill, Pak Shek Kok, which is scheduled for sale this Thursday at a discounted entry price of HK$3.2543 million.
Leung Yuet-kam
Mark Hahn Ka-fai, general manager of Henderson Land’s sales (II) department, said that there was a high volume of visitors during the 'golden week' holiday. To coincide with the tender for the first batch of 116 three- and four-bedroom sea view units on Friday, each unit will be given priority in the allocation of one car parking space. The first price list was uploaded yesterday, involving a total of 116 parking spaces, numbered from R232 to R409. The total price of the spaces add up to over HK$410 million.
Similar prices for new developments in Kai Tak, agents say
According to agents in the area, one parking space in the Kai Tak runway area adjacent to The Knightsbridge, which was sold earlier at new project Pano Harbour, is priced between HK3.268 million and HK$3.768 million, resembling prices of The Knightsbridge’s parking spaces. Similarly, the price of a parking space at One Kai Tak (I) is about HK$3 million or more.
University Hill sold its second round of 216 units on Thursday
In other news, Sun Hung Kai Properties’ (SHKP) University Hill in Pak Shek Kok, Tai Po, sold out its first round of sale of 150 units at price list on Saturday, said SHKP deputy managing director Victor Lui Ting, adding that the second round of sale of 216 units at University Hill starts this Thursday, including 191 units at price list and 25 units by tender. Since there are still many buyers in the market, and many people are inquiring about Phase 2B of University Hill, the sales of Phase 2B will be accelerated, and it is planned to be launched next week.
There are 688 units in this project, and the distribution of units is similar to that of University Hill. He added that since there were many buyers in the market and inquiries for University Hill Phase 2B, the developer would ramp up sales of Phase 2B and plans to launch next week, with a total of 688 units in similar floorplans to University Hill.
Hu Zhi-yuan, acting general manager at SHKP, said that the developer of University Hill has put up two price lists for sale in the past two days at original price for a total of 171 units, and increased prices for a small number of units in Price Lists One to Three by about 1 to 5 per cent. The 191-unit sale this Thursday will feature the first of about 10 open-plan units, with an entry price of HK$3.2543 million for a 229-square-foot unit on the second floor of Block 5A, with tickets closing today and a ballot to be held tomorrow.
He added that University Hill sold 150 units in its first round of price list sales, generating over HK$1 billion in sales. Another unit was sold by tender yesterday – Unit A6 on the 12th floor of Tower Two with a terrace and rooftop, measuring 851 square feet – for HK$21.08 million at HK$24,771 per square foot, a new high for the Yau King Lane project.
Artist Khaki Leung records two record-breaking purchases
According to Tsang Hing-sing, senior sales director at Midland Realty, the buyer of the flat is influencer and former Miss Hong Kong contestant Khaki Leung and her family, who are considering the flat for private use.
A unit at Star Properties’ After the Rain in Yuen Long was also sold yesterday for HK$4.5066 million at HK$16,328 per square foot. The flat is unit H on the 22nd floor, with a saleable area of 276 square feet.
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