At least 238 flats at Monaco Marine in Kai Tak - or around 80 percent of the total flats available in the first round of sales - were snapped up by homebuyers as of Saturday, with Wheelock Properties raking in nearly HK$3 billion from the sales.
The developer is considering launching a new batch shortly in response to market demand and there may be room for price increases, said managing director Ricky Wong Kwong-yiu.
This came as The Grand Mayfair I in Yuen Long released the third price list yesterday, offering 82 flats at an average price of HK$18,582 per square foot after discounts.
The third list includes 28 one-bedroom, 37 two-bedroom, and 17 three-bedroom flats, with the discounted price ranging from HK$6.67 million to HK$14,51 million, or from HK$17,565 per sq ft to HK$19,586 per sq ft.
The project had attracted 5,500 checks for 306 homes in the first two price lists as of 8pm yesterday.
The 715-flat Grand Mayfair I 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 developers unveiled 138 flats in its second price list on Friday, with a slight price increase between 0.5 percent and 1 percent per unit, following 168 flats on the first price list.
The project is expected to launch sales this week, according to Sino Land.
Meanwhile, Centaline Property Agency reported 17 deals at 10 blue-chip estates over the weekend, a 37 percent drop compared to a week earlier. Some prospective buyers moved to the primary market with developers rolling out new projects amid the easing of the Covid pandemic, and this resulted in a drop in secondary transactions, said Louis Chan Wing-kit, Asia-Pacific vice-chairman of the residential division.
However, turnover remained in the double-digit level for the sixth consecutive weekend, the realtor said.
Three major estates on Hong Kong Island each recorded two transactions while Whampoa Garden and City One Shatin saw the highest number of transactions with four transactions.
Its rival, Midland Realty, chalked up 21 transactions at 10 major housing estates it tracks in the secondary market over the weekend, a 27 percent decrease compared to the previous weekend.
Buyers line up for Monaco Marine flats. Sing Tao
