Henley III enters show and price phase

Henderson Land Development (0012) will next week open showrooms for Kai Tak's Henley III and release a sales brochure.

The third phase of the Kowloon East project offers 404 units ranging from studio to three-bedroom units, with sizes from 229 to 778 square feet. The developer said studio and one-bedroom flats make up 60 percent of the project and will be the focus of sales.

Selling prices will be revealed soon, said Thomas Lam Tat-man, general manager of the sales department at Henderson Land.

Lam added that the list price of Henley III will be higher than the first phase as the third is nearest to MTR Kai Tak Station.

Meanwhile, a section of the primary market in the New Territories is bubbling along.

In Tin Shui Wai, Sun Hung Kai Properties (0016) received over 10,000 checks for 302 flats at Wetland Seasons Bay phase one, meaning it was 32 times oversubscribed.

The first round of sales will open tomorrow, with discounted selling prices from HK$4.55 million to HK$ 11.25 million, meaning per square foot prices from HK$12,375 to Hk$18,850.

In Tsing Yi, the Met Azure developed by Wang On Properties (1243) had received 1,282 checks by 6 pm yesterday for 109 studio flats to be put up for sale today, meaning it was nearly 11 times oversubscribed.

The latest batch of the starter home project is selling from HK$22,478 to HK$26,295 per square foot.