238 more Sea To Sky flats put on market

Business | Kevin Xu 29 Jun 2020

CK Asset (1113) has released 238 flats in the third price list of Sea to Sky in Lohas Park at an average HK$16,599 per sq ft after discounts and 4.9 percent higher than the first price list, after selling nearly all 462 flats offered in the first two batches.

The 238 flats measure between 468 sq ft and 1,075 sq ft with the cheapest costing HK$6.65 million, or HK$14,030 per sq ft, after discounts.

The developer has collected around HK$4.76 billion, after selling 456 out of 462 units in the first two batches.

Meanwhile, in Yuen Long, Road King Infrastructure (1098) has received occupation permit for Crescent Green. Road King has pocketed about HK$1.5 billion after selling 135 flats at the project.

In other primary deals, Grand Ming (1271) sold four flats at The Grand Marine in Tsing Yi over the weekend with a 432-sq-ft flat at the project going for HK$7.74 million, or HK$17,926 per sq ft.

In the secondary market, Centaline Property Agency recorded 15 secondary transactions at ten blue-chip housing estates over the past weekend, down by 16.7 percent week-on-week.

In Sheung Shui, a 1,488-sq-ft luxury house at Europa Garden sold for HK$12 million, or HK$8,065 per sq ft, hitting a three-year low, after HK$3 million was knocked off the asking price, according to Midland Realty. For comparison, a 1,459-sq-ft house at the project sold for HK$16.27 million, or HK$11,151 per sq ft, a year ago.

In Tung Chung, a two-bedroom flat at Century Link fetched HK$6.58 million, or HK$13,456 per sq ft, after HK$220,000 was cut from the asking price, with the vendor worried about the national security law, according to Midland Realty.

In the same district, a seller suffered a loss of nearly HK$700,000 over the sale of a 548-sq-ft flat at Caribbean Coast, after paying stamp duties and commission fees.

In Sai Ying Pun, a 459-sq-ft flat at Island Crest sold for HK$10.8 million, or HK$23,529 per sq ft, after HK$2.2 million was slashed from the asking price.

In Ma On Shan, a 988-sq-ft flat at Double Cove changed hands for HK$14.28 million, or HK$14,453 per sq ft, after HK$520,000 was cut from the asking price.

And in Tseung Kwan O, a 680-sq-ft flat at Lohas Park Phase 1 The Capitol fetched HK$9.2 million, or HK$13,529 per sq ft, after HK$300,000 was cut from the original asking price.

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