SHKP lures more buyers

Business | Koey Yip 24 Aug 2016

Subscriptions to Sun Hung Kai Properties' (0016) Grand YOHO project in Yuen Long surged further yesterday ahead of subscription closing tomorrow, reflecting strong homebuyers' interest.

As of yesterday, about 13,000 subscriptions, or an oversubscription of 42 times, were made for flats on offer for sale. Last Sunday, the oversubscription stood at 32 times.

Meanwhile, Henderson Land (0012) named its Yuet Yuen Street, North Point project as One Prestige. It will provide 128 flats, with sizes between 163 and 288 sellable square feet. It targets investors and first-time homebuyers on Hong Kong Island.

General manager Thomas Lam Tat- man said Henderson plans to publish the sales brochure this week and it will launch the price list early next month.

He said he believes there is ample buying power among people in the district and no first-hand housing project has been offered in the area for quite sometime. Chinachem Group will launch tomorrow the price list of The Papillons, its project in Tseung Kwan O. The first batch of 172 units will be offered for sale next Saturday.

Wheelock and Co (0020) put onto the market 81 flats at its Savannah project in Tseung Kwan O at prices 1 to 2 percent higher than those in the previous batch.

Discounted prices range from HK$8.7 million to HK$17.48 million. Twenty units will be offered for sale on Saturday.

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