Hong Kong's property market heated up in January, with Midland Realty recording 1,450 primary market transactions, up by 150 percent month on month.
Midland Realty also said secondary market transactions at 10 blue-chip housing estates rose by 20 percent.
The secondary market performed well in January and no major changes in the property market cycle were seen, said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority.
Kerry Properties (0683) named its residential project in Ho Man Tin as 10 LaSalle and will launch sales after Lunar New Year. The project will offer 73 units, measuring between 298 sq ft and 1,990 sq ft.
Hong Kong Ferry (0050) and Empire Group received 2,947 checks for 225 units in the first three price lists of Skypoint Royale in Tuen Mun, about 12 times oversubscribed.
A buyer has forfeited deposits of about HK$234,200 after walking away from the purchase of a 216-sq-ft flat at Starfront Royale in Tuen Mun, which was priced at HK$4.68 million.
Nan Fung Group has collected about HK$3.4 billion after selling 351 units at LP10 in Lohas Park. The developer will offer 179 units for sale on Saturday, which are priced at an average HK$16,372 per sq ft after discounts.
In the secondary market, a 551-sq-ft flat at Kingswood Villas in Tin Shui Wai changed hands for HK$6.48 million, or HK$11,760 per sq ft. The vendor, who purchased the unit for HK$1.45 million in 2005, will gain HK$5.02 million on the deal.
In Kwun Tong, a 375-sq-ft unit at Amoy Gardens fetched HK$5.86 million, or HK$15,627 per sq ft. The seller will pocket about HK$3.18 million after holding the property for nine years.
