Central Residence by The Park in Mid-Levels Central, jointly developed by Pacific Century Premium Developments (0432) and CSI Properties (0497), has recorded a major three-unit transaction, all purchased by the same buyer for a total price of about HK$154 million on Monday.
Cello Chan, sales and marketing director of PCPD, said the units range in size from 1,017 to 1,074 square feet with three-bedroom layouts. One of the units was sold for nearly HK$60 million at about HK$55,255 per sq ft, setting a new record and marking an increase of about 17 percent over the previous highest transaction price.
The developer will offer a four-bedroom unit of about 1,608 square feet by tender on Tuesday, and will launch an additional unit of around 1,074 sq ft by tender this Friday.
In addition, Chan said the developer is preparing sales arrangements for two-bedroom units and expects the relevant show flats to be open as early as the Chinese New Year period.
Central Residence by The Park has sold a total of 12 units in about two weeks, generating nearly HK$600 million in sales proceeds, with an average transaction price of about HK$50 million per unit.
Cynthia ZHONG
