Wheelock names projects

Business | Winnie Lee 13 Feb 2018

Wheelock and Company (0020) has named its three projects in Lohas Park O'EAST.

Phase 5 of the projects providing 1,600 units will start to sell this year, while Phase 7 will have 1,100 units and Phase 9 1,600 units.

About 320 units in Phase 5 at O'EAST will be on the market in the first round of sales.

The unit area for Phase 5 is from about 300 square feet to more than 1,000 square feet.

Henderson Land (0012) is to put three new projects on the market this year.

Phase II at Eltanin in Tai Kok Tsui and a project on Jupiter Street at North Point will be launched in second quarter and the Chung Ching Street Project in Sai Ying Pun will be launched in the third quarter. They will provide 970 units in total.

Centaline has launched new mortgage plan for its own customers in secondary property market.

The maximum LTV ratio for residential properties with a value below HK$13 million will be 70 percent, with the maximum loan amount capped at HK$9 million.

The properties must be one of the properties included in the Centa-City Leading Index.

A shop owned by Nicholas Tse in Central was said to have cut its rent by 60 percent. The 1,200-sq-ft shop was rented out at HK$85,000 per month to a wine retailer.

The shop had been rented to a perfume shop for HK$200,000 a month in 2015.

Legislator Felix Chung has acquired a home for more than HK$30 million in Sai Kung.

The 1,493-sq-ft flat at Mount Pavilia was sold at HK$20,200 per sq ft.

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