Villa Garda special unit hits record above HK$20,000 per sq ft

Villa Garda in Tseung Kwan O recorded two additional transactions on Friday, including a unit sold at more than HK$20,000 per square foot, setting a new price record for the development.

The three-bedroom special unit, with a saleable area of 893 square feet, was sold for HK$17.97 million, or HK$20,122 per square foot, the company said.

The project is jointly developed by Sino Land (0083), MTR Corporation (0066), K Wah International (0173), and China Merchants Land (0978).

Since the completed project was relaunched in July, Villa Garda has sold 1,003 units in five months, generating more than HK$6.6 billion in sales. Cumulatively, the project has sold 1,848 units with total sales exceeding HK$13.8 billion, leaving just 32 units unsold.