One Victoria releases sales brochure

Finance | Winnie Lee 22 Jun 2021

China Overseas Land & Investment (0688) has released the sales brochure for its One Victoria project in Kai Tak.

The flats range in size from 329 square feet to 1,793 sq ft.

Comprising three towers, One Victoria offers 1,059 homes ranging from one- to four-bedroom flats. More than half of the flats are two-bedroom units, 23 percent are one-bedroom while another 23 percent are three-bedroom units. There are only 10 four-bedroom units.

The developer will open a show flat and put out the price list this week with sales expected to open next month. The handover date will be March 31, 2023.

In the secondary market, the Tang Shing-bor family sold a whole floor in Tsun Win Factory Building for HK$48 million in Kwun Tong.

The family had bought the 9,327-sq-ft property for HK$30.6 million.-

In another deal, Louis Chan Wing-kit, the Asia-Pacific vice-chairman of the residential division at Centaline Property Agency, sold a 538-sq-ft unit at Manhattan Hill in Lai Chi Kok for HK$11.9 million.

Chan, who bought the flat for HK$4.85 million in 2008, said he will seek real estate opportunities for rental income.

Meanwhile, the Hong Kong Institute of Certified Property Managers has urged the local firms to introduce more elderly care services to add value.

President Lobo Fung criticized the industry as being too conservative and said it must change to remain competitive, as more and more mainland companies have now entered Hong Kong's to join the property management sector.

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