2024-04-30 28Hse Editor
(Leung Yuet-kam) Sun Hung Kai Properties’ (SHKP) University Hill Phase 2B development in Pak Shek Kok, Tai Po, will sell its first round of 183 units on Saturday. According to Hu Zhi-yuan, acting general manager at SHKP, 160 units will be put up for sale at 1pm tomorrow, while another 23 units will be offered for sale by tender on Saturday. Buyers in Group A will be required to purchase at least two flats or at least one three-bedroom flat, and can purchase up to four units. Buyers in Group B will be allowed to purchase one to two units.
According to the introduction, the 160 units on the price list cover open-plan to three-bedroom units with sizes ranging from 218 to 571 square feet were offered for sale at a discounted price of HK$3.3255 million to HK$10.704 million, or an average price of HK$15,989 per square foot. The cheapest unit is unit A6 on the first floor of Block Two, measuring 218 square feet at a discounted price of HK$3.3255 million. Based on the fixed price, the market value of the 160 units is over HK$1.17 billion, of which about 70 units are entitled to a cash rebate for research professionals and academic talents. The 23 units offered for sale by tender are special units with a podium or rooftop unit, and three-bedroom flats, measuring 771 square feet in size, equipped with a study.
In One Above seaview three-bedroom units invites bids
On the other hand, In One Above at Ho Man Tin Station, jointly developed by Chinachem and the MTR, will open prices as soon as this week. Helen Fung, sales director at Chinachem Group, said yesterday that the first price list is expected to be no less than 90 units, while the front row of three-bedroom south-facing seaview units will be put up for sale by tender. The project will open show flats to the public at the earliest this weekend, and the sales will launch as soon as next week.
Mark Hahn Ka-fai, Henderson Land and Sales (2) general manager said that the Group had sold 10 units of The Knightsbridge in Kai Tak in partnership with Wheelock Properties, China Overseas, Chinachem, New World and Empire Group by tender yesterday, at a price range of HK$30,968 to HK$40,777 per square foot, generating nearly HK$420 million total. Ricky Wong Kwong-yiu, vice chairman and managing director of Wheelock Properties, said the transactions were split evenly between buyers and investors, with new arrivals accounting for about two to three groups.
Chen Hong-tian’s The Peak luxury home put up for sale
Savills has been appointed as the exclusive agent to sell by open tender Chen Hongtian’s home on The Peak, with the tender closing at 12 noon on August 8. The unit is a fifth-floor flat with two car parking spaces at OPUS HONG KONG on 53 Stubbs Road. The property comprises five bedrooms (four suites), study, living room, and dining room, with an open-plan layout and a ceiling height of over four metres. According to market valuation, the property is valued at approximately HK$680 million at approximately HK$130,000 per square foot.
According to reports, tycoon Chen Hongtian purchased the flat from Swire Properties for HK$387 million at HK$75,087 per square foot.
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