Peak house sells for $630m

Business | Dominique Nguy 20 Jul 2016

Wharf (Holdings) (0004) and Nan Fung Group yesterday sold via tender an 8,054 sellable-square-foot house at Mount Nicholson at the Peak for HK$630 million or HK$78,222 per ssf yesterday.

They have sold three hou-ses at Mount Nicholson. In February, they offloaded a 9,455-ssf house for HK$830 million, or HK$87,784 per ssf, and a 9,173-ssf house for HK$740 million, or HK$80,672 per ssf, in April.

Regal Hotels International (0078) and Paliburg Holdings (0617) launched the fourth price list for 23 flats at The Ascent, their joint venture with the Urban Renewal Authority in Cheung Sha Wan.

Eleven one-bedroom and 12 two- bedrooms apartments are available at discounted prices from HK$4.6 million to HK$6.16 million.

Sun Hung Kai Properties (0016) expects to launch in the fourth quarter of this year St. Moritz, its new housing project in Kau To Shan, deputy managing director Victor Lui Ting said yesterday.

It launched yesterday another 25 flats at Park Yoho Sicilia and will offer them for sale early next week.

Cheung Kong Property (1113) will put on sale on Monday 21 units at its Yuccie Square project in Yuen Long.

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