A sixth price list has been released for Southland in Wong Chuk Hang, developed by Road King Infrastructure (1098) and MTR Corporation (0066).
The project will also open show flats today.
Of 80 flats on the sixth list, the cheapest is HK$8.87 million and the average price is HK$36,862 per sq ft after discounts.
The 80 homes take in 44 studios, eight one-bedroom flats, 11 with two bedrooms and 17 with four bedrooms ranging from 290 square feet to 1,218 sq ft.
Across at Miami Quay I in Kai Tak, meanwhile, a third price list covering 65 homes with an average price of HK$24,996 after discounts has been released.
Developed by Wheelock Properties, Henderson Land Development (0012), New World Development (0017) and Empire Group, Miami Quay 1 is also expected to launch a second round of sales of 140 flat this Sunday.
Elsewhere, a house on Clear Water Bay Road in Sai Kung has been put up for tender, with a market valuation of HK$218 million. The house was apparently among locations for shooting a biographical musical drama about late Cantopop star Anita Mui.
In commercial property news, smartphone giant Xiaomi (1810) is set to open a flagship store on Hong Kong Island after leasing a shop with a monthly rent of HK$300,000, or HK$120 per sq ft. The shop is at Fashion Walk in Causeway Bay and the latest rent for the premises is down 50 percent from peak times.
Xiaomi joins other mainland brands in leasing premises in the city's core shopping and business districts.
Earlier this month Li Ning (2331) moved to open a flagship store in Tsim Sha Tsui's Canton Road with a rent that could be as much as HK$2 million per month, although such a rent would be 70 percent lower compared to the peak.
Meanwhile, Duty Zero backed by travel retailer China Tourism Group Duty Free Corp (1880) leased stores in Central and Causeway Bay recently.
And in a broader property picture, the vacancy rate for Grade A office space in Hong Kong reached a record high of 11.3 million square feet in August according to CBRE Group, which expects rents to have dropped by up to 5 percent across all 12 months at the end of this year.
The cheapest flat in Southland’s sixth price list will set you back HK$8.87 million. Sing Tao
