Henderson’s Highwood sells 88 Units for HK$580 million

Henderson Land's (0012) Phase 1 of the Highwood redevelopment project in To Kwa Wan has sold 88 units, cashing in HK$580 million.

Including these 88 units, the company has sold a total of 217 units this month, with total proceeds exceeding HK$1.75 billion.

A special unit in Phase 1 was showcased today. This unit, located on the 3rd floor of Block 1, features a three-bedroom suite layout and boasts a private platform of over 1,200 square feet, despite having a saleable area of 536 square feet. It will be sold by tender.

Additionally, the Hongkong and Shanghai Banking Corporation is offering an incentive for Highwood buyers, providing a successful applicants with an extra HK$1,288 cash reward.

Citing a significant improvement in the property market sentiment, HSBC noted it recently launched a new limited-time fixed-rate mortgage plan. 

This plan offers an annual rate as low as 2.73 percent, which is 0.77 percent lower than the current prevailing Hong Kong Interbank Offered Rate-based rate of 3.5 percent, with 3-year and 5-year fixed-rate options.