,"name":"Comment","item":{"@type":"Thing","@id":"https://www.thestandard.com.hk/comment"}}]}]17:T7fc,June Chen

Homebuyers continued to flock to new projects in Hong Kong, spurred by eased mortgage rules and low prices, but some second-hand flats sold at losses amid the slowly recovering market.

The Aperture in Kowloon Bay, developed by Hang Lung Properties (0101), will put 14 flats on sale this Friday with the average price per square foot after discounts at HK$17,538.

The cheapest unit is a 511-sq-ft flat with two bedrooms on the third floor at HK$8.96 million.

Meanwhile, The Knightsbridge in Kai Tak will put 15 fresh units on the market by tender, including 11 three-bedroom units and four four-bedroom homes.

The project has raked in roughly HK$900 million by selling 22 units since mid-October.

Additionally, Onmantin in Ho Man Tin, co-developed by Great Eagle Holdings (0041) and MTR Corporation (0066), sold five units yesterday with one buyer purchasing four units for HK$105 million.

The project has raked in nearly HK$900 million by selling 57 homes this month, with the highest transaction price per sq ft reaching HK$30,608.

In the secondary market, a 507-sq-ft unit in Wetland Seasons Bay in Tin Shui Wai was sold at HK$6.2 million, HK$1.89 million lower than the price the original homeowner bought three years ago.

Besides, one 520-sq-ft unit in Yoho Midtown in Yuen Long was sold at HK$6.7 million recently, HK$1.05 million lower than four years ago.

However, the number of transactions in the secondary market is increasing this month, with 35 major projects in Hong Kong collectively recording 327 deals in October, more than 70 percent higher than in September, according to Midland.

New home sales driven by eased mortgage rules