Eight Southpark priced 30pc below market rate

Henderson Land's (0012) Eight Southpark in Kowloon City unveiled its first price list of 63 flats with an average price of HK$17,388 per square foot after discounts, nearly 30 percent lower than that of nearby new homes launched more than two years ago. 

The flats include 37 one-bedroom and 26 two-bedroom units.

The cheapest home costs HK$4.1 million after discounts while the cheapest one per square foot is priced at HK$15,591 after discounts.

In May 2022, nearby project Allegro, developed by Country Garden (2007), offered 50 flats in its first price list at an average price of HK$24,520 per sq ft after discounts.

STAFF REPORTER