New flats go on sale at Sha Tin and Tuen Mun

Business | Winnie Lee 23 Oct 2020

CK Asset (1113) has released the first price list of El Futuro in Sha Tin, involving 54 units at an average price of HK$17,730 per square foot after discount.

The first batch offers two-bedroom to four-bedroom units ranging from 484 sq ft to 1,226 sq ft . The minimum price per sq ft is HK$15,599 for a two-bedroom unit.

Meanwhile, Hong Kong Ferry (0050) and Empire Group have released the first price list of the second batch of flats at Starfront Royale in Tuen Mun, offering 123 units at an average price of HK$14,585 per sq ft after discount.

The average price per sq ft is 1 percent more expensive than the first batch.

The second batch offers studio flats to four-bedroom flats ranging from 208 sq ft to 996 sq ft.

In the secondary market, a four-bedroom home at Harbour Glory in North Point was sold for HK$2.73 million lower than the buying price three years ago. Rosanna Eav Xin Qi, the owner of the seaview flat who has the same name as an executive director at Asia Commercial (0104), sold the 1,324-sq-ft unit for HK$39 million or HK$29,456 per sq ft. The owner bought the flat at around HK$41.73 million in 2017.

Also 1,180-sq-ft duplex flat changed hands for HK$37.8 million or 32,034 per sq ft, the highest price per sq ft recorded at the same property. The owner had previously asked for HK$43 million in September.

In the industrial and commercial property market, a shopowner sold a 102-sq-ft store at Sin Tat Plaza in Mong Kok at a loss of HK$4.59 million.

The store was sold for HK$1.66 million after the owner had bought it at HK$6.25 million in 2012.

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