Seacoast Royale flats to go on sale

Henderson Land Development (0012) has uploaded a sales brochure for 611 units at Seacoast Royale in Tuen Mun, jointly developed by Hong Kong Ferry Holdings (0050) and Empire Group.

The flats at the project range in size from 195 square feet to 1,267 sq ft.

Sun Hung Kai Properties (0016) also confirmed its sales launch for 108 flats at Regency Bay in Tuen Mun this Saturday.

Meanwhile, the tender invitation for a residential site at Ma Wo Road in Tai Po is set to close on Friday, with Midland Surveyors valuing the site at HK$3.91 billion. The plot has a site area of 243,350 sq ft with a maximum gross floor area of 781,890 sq ft.

Daniel Shek Ping-cheung, son of the late Shui Hing Mahjong founder Shek Kam-fai, purchased a 1,615-sq-ft flat at The Entrance in Ma On Shan for HK$32.6 million, or HK$20,186 per sq ft.

In the secondary market, a 755-sq-ft flat at Whampoa Garden in Hung Hom changed hands for HK$10.6 million, or HK$14,040 per sq ft, a three-month-low at the estate, after HK$1.9 million was slashed from the initial asking price.

And a vendor suffered a loss of HK$1.1 million on paper after selling a 584-sq-ft flat at South Horizons in Ap Lei Chau for HK$10.31 million, or HK$17,654 per sq ft.

In other news, South Korea's Naver said it plans to relocate its Hong Kong data center to Singapore, becoming the latest technology company to opt-out of Hong Kong over concerns about the implementation of the national security law.