Vanke, Wing Tai announce new UNI Residence project in Sha Tin

A new project in Hin Wo Lane in Sha Tin jointly developed by Vanke Hong Kong and Wing Tai Properties (0369) has officially been named UNI Residence.

The project offers 240 units, of which 60 percent are one-bedroom homes.

Unit sizes range from 286 to 636 square feet, comprising studios and one- to four-bedroom layouts.

Sales are planned to commence this month, with no less than 50 units to be offered in the first batch, according to Wing Tai Properties.

Pricing will be based on the transaction prices of new and second-hand properties within Tai Wai. For instance, a flat at the Pavilia Farm in 18 Che Kung Miu Road – jointly developed by MTR Corporation (0066) and New World Development (0017) – has sold for HK$20,000 per sq ft recently, Wing Tai Properties said.

HELEN ZHONG