Wetland Seasons Bay puts up 245 homes

Wetland Seasons Bay phase 1 in Tin Shui Wai opened its first price list, offering 245 units at an average price of HK$13,689 per square foot.

The cheapest flat, a 300-sq-ft one-bedroom unit, costs HK$4.55 million after discounts.

The first batch of 245 flats range from 300 to 795 sq ft and cover one- to four-bedroom units.

The average price of this batch is 20 percent higher than Wetland Seasons Park in Tin Shui Wai, which was also developed by Sun Hung Kai Properties (0016), but is slightly lower than the last batch of Wetland Seasons Park.

The project will open show flats and start receiving checks tomorrow with the first round of sales starting next week.

In Sheung Wan, Hollywood Hill, developed by Hanison Construction (0896), also unveiled its first price list of 10 flats with an average selling price of HK$31,000 per sq ft.

The price per sq ft is 8 percent lower than the first batch of 28 Aberdeen Street in the same district.

The prices of the 400-sq-ft one-bedroom units range from HK$11.56 million to HK$13.6 million. Sales start this week on a first come, first served basis.

The developer said that there will be a five to 10 percent price hike for the coming batches.

In Ho Man Tin, Madera Garden announced its second price list and offered three more units. The properties range from 286 to 414 sq ft. The price per sq ft is between HK$24,630 and HK$26,762 and prices range between HK$7.65 million and HK$10.7 million after discounts.

It will open the second round of sales for a total of 11 units, including the remaining eight flats from the first round of sales and the three newly added units, on Saturday.