One Innovale-Bellevue, the second phase of One Innovale in Fan Ling, is poised to restart sales.
The developer Henderson Land (0012) plans to sell 82 flats in phase 2 of One Innovale-Bellevue at prices ranging between HK$3.33 and HK$7.01 million.
From this Saturday, 82 flats on price lists will be available at an average price of HK$14,883 per square foot after discounts.
The 82 flats on offer come from previous price lists and include studio to three-bedroom units with areas ranging from 228 to 501 sq ft.
The prices, discounted by up to 7 percent, range from HK$3.33 million to HK$7.01 million, or HK$13,681 to HK$16,172 per sq ft.
Of the available units, the most affordable is flat 12 on the first floor of Tower C, which is a 228-sq-ft studio with a discounted price of HK$14,611 per sq ft.
The best value for price per sq ft is flat 18, a two-bedroom apartment on the same floor, with a discounted price of HK$13,681 per sq ft and an area of 477 sq ft, amounting to about HK$6.52 million.
Since its launch in September last year, One Innovale-Bellevue has sold 297 flats, making up 73 percent of the total 408 units in this phase and bringing in more than HK$1.5 billion in revenue for Henderson Land.
Meanwhile, Sun Hung Kai Properties' (0016) Victoria Harbour project in North Point will launch a tender for six four-bedroom units in Tower 5 on Saturday.
The six flats have areas ranging from 1,488 to 1,602 sq ft and feature a private lobby with a lift.
In other new projects, The Vertex, a project by Twin City Holdings in Cheung Sha Wan, recorded six deals in the first three days of sales by tender.
The average sales price was more than HK$22,222 per sq ft, earning the developer a total of HK$51 billion.
In the commercial market, a 500-sq-ft shop on Prat Avenue in Tsim Sha Tsui sold for around HK$45 million or HK$90,000 per sq ft, along with a lease contract.
The seller lost more than HK$8 million after purchasing it in 2018 for over HK$53 million, with the shop's value depreciating by more than 15 percent over the four-year period.
One Innovale-Bellevue will put 82 flats on the market this Saturday. SING TAO
