Huge demand for Arles seen in subscriptions

Finance | Aiden He 15 Oct 2021

Centralcon Properties' The Arles in Fo Tan received at least 23,000 checks for 536 units, marking a 42-times oversubscription.

Among those at the sales office of The Arles yesterday and apparently intending to join the buying crowd was Tse Ying-suet, a badminton star who recently shone for Hong Kong at the Tokyo Olympics.

And seven projects launch sales today and tomorrow, mainly in the form of tenders.

From Sun Hung Kai Properties (0016), Ultima phases 1 and 2 in Ho Man Tin launch eight tenders today, and Central Peak II in Mid-Levels East will open its first tender for a 3,695 square-foot luxury home tomorrow.

A completed flat from the developer in Imperial Cullinan in Kowloon is also ready to accept offers.

Meanwhile, Uptify in Mong Kok from mainland developer Sino-Ocean Group (3377) is going to launch 10 units via tenders.

A completed flat from CK Asset (1113) at 21 Borrett Road in Mid-Levels will also launch a new tender today.

From Kaisa Group (1638), nine units are also being put up for sale at The Concerto in Cheung Sha Wan tomorrow. Also tomorrow, K Wah International (0173) has two units for sale at Solaria in Pak Shek Kok (East).

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