88 more Oma flats hit the market

Business | Winnie Lee 28 May 2020

Wing Tai Properties (0369) released 88 flats in the fifth price list of Oma by the Sea in Tuen Mun, at an average price of HK$13,746 per square foot after discounts, 9.5 percent higher than the first price list. The cheapest 338-sq-ft flat was offered at HK$4.44 million, or HK$13,133 per sq ft.

Meanwhile, Vanke Property (Hong Kong) sold all 188 flats on offer for The Campton in Cheung Sha Wan in only eight hours, raking in a total of HK$1.4 billion.

And Sino Land (0083) sold the last 3,070-sq-ft duplex at The Palazzo in Fo Tan to mobile game developer Terence Tsang Kin-ho for HK$80 million, or HK$26,059 per sq ft, while a 1,554-sq-ft duplex flat at La Cresta in Cove Hill sold for HK$36.63 million, or HK$23,571 per sq ft, by tender.

In the secondary market, Salenda Lau, the former general manager of sales and marketing at Sino Land, purchased a 2,579-sq-ft unit at luxury residential estate Hong Lok Yuen in Tai Po for HK$42 million, or HK$16,285 per sq ft.

And a 509-sq-ft flat at K.City in Kai Tak changed hands for HK$10.6 million, or HK$20,825 per sq ft, after HK$1 million was slashed from the initial asking price.

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