April property deals shoot up to HK$85.1b

Tuesday, May 04, 2021

The value of property deals more than doubled to HK$85.1 billion in April from a year before, data from the Land Registry showed.

The number of transactions surged by 88 percent year-on-year to 9,150 last month.

Aloso, CK Asset (1113) sold a 2945-sq-ft unit at 21 Borrett Road in the Mid-Levels for HK$232.8 million, or HK$79,000 per sq ft.

Henderson Land Development (0012) expects to release about 50 units in the third price list of The Henley I in Kai Tak.

Mainland developer Sino-Ocean Group (3377) will offer 45 units at Uptify in Mong Kok for sale on Saturday.

RK Properties will offer 180 units at SouthLand, the first phase of The Southside development atop Wong Chuk Hang Station, on Saturday.

The one-month Hong Kong Interbank Offered Rate, which is linked to the mortgage rate, fell to 0.08089 percent.

In the secondary market, a 863-sq-ft flat at South Horizons in Ap Lei Chau changed hands for HK$18.3 million, or HK$21,205 per sq ft. The seller, who bought the unit for HK$4.43 million in 1993, will realize a gain of HK$13.87 million.