Park Seasons prices start at $4.5m

Wheelock Properties has unveiled its first price list for Park Seasons, phase 12B of Lohas Park, offering 138 flats, with the cheapest priced at HK$4.54 million after discounts.

It is the second residential project that Wheelock Properties has launched in less than a month after housing curbs were removed in last February.

Seasons Place, launched in mid-March, has sold over 84 percent of its units over three weeks.

The first batch for Park Seasons will cost between HK$4.54 million and HK$7.34 million after discounts, with apartment sizes ranging from 322 to 496 square feet.

The average price for the 138 flats is HK$14,488 sq ft after discounts. Although this is 2.1 percent higher than that of the first price list for Seasons Place a month ago, it is still nearly 9 percent cheaper than Phase 10 of Lohas Park, which launched three years earlier.

Wheelock Properties executive director Ricky Wong Kwong-yiu expects the first price list to meet market demand, with over 80 percent of homes priced below HK$7 million.

Show flats and subscriptions will be available starting Saturday, with sales potentially starting next weekend at the earliest.

Elsewhere, CK Asset (1113) said its second batch for Blue Coast in Aberdeen has been 70 times oversubscribed after receiving more than 13,000 cheques in five days for its 184 flats.

In Ho Man Tin, Onmantin, jointly developed by Great Eagle (0041) and MTR Corporation (0066), may launch next week. The project offering 990 units has received over 3,000 inquiries, said Great Eagle.

In other news, Hong Kong actress Jennifer Tse Ting-ting reportedly purchased a flat at The Aster in Happy Valley for HK$17.1 million.