Phase 1B of In One at Ho Man Tin released a second price list yesterday, offering 62 flats with the cheapest among them HK$8.17 million after discounts.
Developed by Chinachem and MTR Corp (0066), the project is atop Ho Man Tin rail station.
The second list features the average price per square foot of HK$26,398 – up by 6 percent from HK$24,838 on the first.
The 62 flats are priced at between HK$8.17 million and HK$26.9 million after discounts, including four onebedroom, 41 two-bedroom and 17 three-bedroom units.
The cheapest unit costs HK$8.17 million after discounts, or HK$24,321 per sq ft for the flat of one bedroom and an open kitchen.
Phase 1B has now received over 4,500 checks by yesterday – about 39 times oversubscribed for the 112 units in the two released price lists. And the show flats have attracted 17,000 visits.
The developers said it is likely that more units will be offered for sale in the short term after unveiling the prices of 61 percent of the total 183 flats.
In Tuen Mun, Phase 2 of Grand Jete unveiled a third price list yesterday, providing 109 flats with prices starting from HK$3.17 million after discounts.
Co-developers CK Asset (1113) and Sun Hung Kai Properties (0016) disclosed the third price list one day after the second, rushing to put new homes for sale amid improved property market sentiment.
The 109 flats cost between HK$3.17 million and HK$9.14 million after discounts and comprise 74 onebedroom, 20 two-bedroom and 15 three-bed units.
But the cheapest flat is about 11 percent more expensive compared with a flat for HK$3.13 million – the lowest on the second price list.
Grand Jete Phase 2 has meanwhile listed 292 flats for sale, or 73 percent of the 400 in total.
CK Asset expects to release the prices for the remaining homes this week.
The new project in Tuen Mun is expected to have been over 20 times oversubscribed.
In the luxury market, St George’s Mansions in Ho Man Tin saw the sale of a fourroom flat at HK$120 million, or HK$56,133 per sq ft – both records for standard units in the project.
The project, co-developed by Sino Land (0083) and CLP (0002), has reported 16 transactions that in total come to over HK$1.5 billion this year.
The hot primary market seem to have put the secondary market under pressure.
For 10 major housing estates recorded 11 deals at the weekend, only one more than the previous two-day period.
