Hong Kong's primary property market sees 17 transactions in CNY holiday

Hong Kong's primary property market has recorded 17 valuable transactions during the first two days of the Chinese New Year Holiday, including 10 units in Central Residence By The Park.

Central Residence By The Park, co-developed by Pacific Century Premium Developments (0432) and CSI Properties (0497), recorded transaction prices ranging from HK$18.28 million to HK$51.02 million. The units included two-bedroom and three-bedroom layouts. Seven one-bedroom and two-bedroom units between 380 and 635 square feet will be sold via tender on Saturday.

The Pavilia Forest II, co-developed by New World Development (0017) and Far East Consortium International (0035), sold a two-bedroom unit for HK8.59 million. Henderson Land Development's (0012) Baker Circle Dover also made a deal for their Unit B on the seventh floor.

One Park Place in Yau Tong, co-developed by Sino Land (0083), CSI Properties (0497), and MTR Corporation (0066), sold a 299-sq-ft one-bedroom unit for HK$5.27 million.

101 Kings Road in North Point, developed by Wang On Properties (1243), sold a 440-sq-ft two-bedroom unit for HK$12.20 million.

China Overseas Land & Investment's (0688) Twin Victoria in Kai Tak sold 3 units at prices ranging from HK$6.14 million to HK$6.45 million.

Gloria Leung