Stock rout fails to deter Southsky buyer

Yesterday's stock market rout failed to dampen the spirits of a mainland home hunter who bought a flat at Southsky in Aberdeen for HK$5.1 million.

The one-bedroom flat with an area of 287 square feet was sold by tender, at a price of HK$17,770 per sq ft, the developer Emperor International (0163) revealed.

Emperor said the buyer loves the sea views of the Southern District and believes the project, which is beside the planned Aberdeen MTR station, has potential to appreciate.

Southsky has sold 100 flats so far for a total of more than HK$615 million.Only 10 flats are left for sale, including eight one-bedroom flats and two rooftop apartments.

Staff reporter