Developers of La Marina and Yoho West have increased the discounts for their projects amid intense competition.
Three price lists for The Southside Phase 2 La Marina in Wong Chuk Hang - developed by Kerry Properties (0683) and Sino Land (0083) - have been revised to elevate their discounts from 20 to 33 percent.
Meanwhile, the first price list for Yoho West in Tin Shui Wai from Sun Hung Kai Properties (0016) offers discounted prices of HK$10,888 per square foot. This is 23 percent cheaper than the first batch of flats at SHKP's neighboring Wetland Seasons Bay phase 3, which was launched last year at HK$14,186 per sq ft after discounts.
In other news, a consortium has acquired an old building at 18 Sau Wa Fong in Wan Chai for HK$136 million. The site can be redeveloped into 216 flats.
And CK Asset (1113) has sold a four-bedroom flat together with a parking lot at 21 Borrett Road Phase One in the Mid-Levels for HK$136 million.
