Monday sales planned for Mediterranean

Business | Dominique Nguy 15 Jul 2016

Sino Land (0083) will put on sale 90 units of its Sai Kung project - Park Mediterranean next Wednesday.

Sino Land associate director of sales Victor Tin Siu-yuen said the 90 units would be worth around HK$680 million.The flats range from 378-827 salable square feet and the discounted price ranges from HK$4.21 million to HK$11.07 million.The project has 285 units available.

Commenting on Sino Land's acquisition of a residential site in Pak Shek Kok on Wednesday, Tin said Sino Land is familiar with the development of that district and believes the supporting facilities in that area will improve with the completion of the mall in Mayfair by the Sea, which is also in Pak Shek Kok.

Meanwhile, Sun Hung Kai Real Estate assistant general manager Andy Chan Hon-lun said Yuen Long projects - Park Yoho Venezia and Park Yoho Sicilia will go on sale next Monday.

Chan also said all 333 units of Park Yoho Venezia have been sold. Park Yoho Venezia has a total of 499 units available.

Hanison Construction Holdings (0896) director of property development Matthew Chow Ka-fung said the he Grampian project in Kowloon City will go on sale next month.

Chow said The Grampian provides a total of 14 flats and most of them would be four bedroom units.For Hanison Construction Holdings Jordan project - The Austine Place, the developer said so far 30 units, worth around HK$580 million have been sold. The project has a total of 42 units available. Statistics from Centaline showed that Sun Hung Kai Properties (0016) made the most sales in the primary market in the first half of this year.

SHKP recorded sales that amounted to HK$18.8 billion.

Meanwhile, Henderson Land Development (0012) recorded HK$9.14 billion sales and Sino Land (0083) recorded HK$6.29 billion sales.

Wong Leung-sing, associate director of research at Centaline, said the number of registrations of residential sales and purchase agreements from the primary market in the second quarter was 4,233, up by 236 percent from 1,261 in the first quarter.

The total value of the agreements has also increased from HK$16.6 billion in the first quarter to HK$50.2 billion in the second quarter.

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