Wheelock Properties' Monaco Marine in Kai Tak was 10 times oversubscribed as of 3pm yesterday while momentum in both primary and secondary markets returned over the long Easter weekend as Covid subsides.
Ricky Wong Kwong-yiu, managing director of the developer, said the firm had received around 2,500 checks for the two price lists comprising 224 flats, and over 10,000 prospective buyers had visited the show flats over Easter.
Another batch with potentially a 5 percent price hike will be announced soon and the first round of sales is expected to take place on Saturday at the earliest, Wong said.
The third list will contain units with a new layout, including 574-square-foot flats with three bedrooms and an open kitchen, according to the developer.
In Yuen Long, Grand Mayfair I on Kam Sheung Road, which offers 715 flats, is expected to unveil the first price list of over 143 homes shortly.
The property is phase 1A of a 2,200-flat mega project that is being jointly developed by Sino Land (0083), K Wah International (0173) and China Overseas Land and Investment (0688).
The list will comprise one- to three-bedroom units and sales could be launched within this month, said the developers.
They said showrooms will open to the public soon and they are confident about the sales performance as the project has the advantage of being near an MTR station.
In Tai Kok Tsui, the Quinn Square Mile with 614 flats is set to reveal the first price list as well as open show flats this week, said the builder Henderson Land Development (0012).
The developer said it has attracted 236 checks for The Harmonie in Cheung Sha Wan as of yesterday, making the batch 2.4 times oversubscribed.
In the secondary market, Midland Realty recorded 54 deals in the top 10 housing estates over the four-day Easter break, compared to 62 over the five-day Easter holiday a year ago.
A total of 29 homes in these estates changed hands over the Saturday-Sunday weekend, a sharp increase of about 45 percent from the previous week, and above the 20-mark for the fifth week in a row, the agency said.
Sammy Po Siu-ming, chief executive of the residential division, said prospective buyers who postponed their plans earlier are now returning to the market and actively looking for properties, resulting in a positive performance in secondary sales and purchases.
