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Sino Land’s (0083) La Mirabelle II in Tseung Kwan O launched its first round of sales of 108 units on Saturday, of which 90 were sold, over 83 percent of the total, generating nearly HK$780 million in revenue.
The developer said that 25 percent of the buyers were investors, and many who had previously purchased units in La Mirabelle I entered the market again. The series has sold 943 units to date, generating over HK$8.2 billion in revenue.
This project is jointly developed by Sino Land, Kerry Properties (0683), K Wah International (0173), China Merchants Land (0978), and MTR Corporation (0066).