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Sentiment in Hong Kong’s property market improved further over the weekend, as new-home projects recorded 277 transactions on Saturday.
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Henderson Land Development’s (0012) Hung Hom project, The Haddon, sold nine units on Saturday, generating about HK$55.95 million in proceeds. Transaction prices ranged from HK$5.18 million to HK$8.22 million. A 417-square-foot unit was sold for HK$8.22 million, or HK$19,713 per sq ft.
The developer also sold two units at its Belgravia Place project in Cheung Sha Wan, with total sales amounting to about HK$10.07 million.
In Tseung Kwan O, Wheelock Properties sold three units at its Lohas Park Seasons series, generating about HK$17.57 million in proceeds, said managing director Ricky Wong Kwong-yiu. The sales included two one-bedroom flats at Seasons Place and a two-bedroom unit at Grand Seasons. The Seasons series has sold 1,795 units so far, generating more than HK$11.28 billion in sales.
Early Light International Estates sold two units at The Reserve, the second phase of Gold Coast Bay in Tuen Mun, generating about HK$22.44 million in proceeds.
Elsewhere, Sun Hung Kai Properties (0016) said its Sai Sha project, Sierra Sea Phase 2A, sold out all 213 units offered via price list on its launch day on Saturday. The batch included 27 one-bedroom units, 134 two-bedroom units and 52 three-bedroom units, with sizes ranging from 297 to 700 sq ft. Discounted prices ranged from HK$3.44 million to HK$8.32 million, or HK$10,017 to HK$13,776 per sq ft.
Meanwhile, the developer offered 49 additional units at the project by tender on the same day, mainly featuring special layouts, with sizes ranging from 275 to 835 square feet.
On Sunday, the development unveiled its fourth price list, offering 73 units at an average discounted price of HK$11,976 per sq ft, about 2 percent lower than the previous batch.
