Flat prices rise ahead of budget

Staff reporter

Major developers including CK Asset (1113) raised prices for new homes on their latest price lists, ahead of tomorrow's budget address.

CK Asset's Blue Coast II in Wong Chuk Hang released its fifth price list for 62 flats, with an average price of HK$22,781 per square foot after discounts, a 2 percent increase over the previous list.

The flats include 31 two-bedroom and 31 three-bedroom units, priced between HK$9.22 million and HK$17.96 million after discounts, assistant chief manager of sales Moni Yeung Kwai-ling said.

Sales of the flats will start this week.

In Kowloon City, Henderson Land Development's (0012) Eight Southpark unveiled its second list for 118 flats, with an average price of HK$18,652 per sq ft after discounts, about 7 percent higher than the first list. The batch includes 83 one-bedroom and 35 two-bedroom units, with prices ranging from HK$4.16 million to HK$7.29 million after discounts.

Swire Properties (1972) is planning to sell three projects involving 1,652 homes this year, with one in Chai Wan set to launch next quarter.

The projects include The Headland Residences in Chai Wan, 6 Deep Water Bay Road, and La Montagne, the fourth phase of The Southside in Wong Chuk Hang.

In North Point, New World Development's (0017) State Pavilia sold three flats yesterday.

Vanke Property (Hong Kong), meanwhile, said its residential development in Tai Po has been named Le Mont.

In other news, the Buildings Department approved 14 building plans in December.

Among them, Kerry Properties (0683) received approval for a project in Tsuen Wan that will have four residential towers, each ranging from 21 to 23 stories with four podium levels.

CK Asset's Tuen Mun project also won approval. It comprises 12 residential towers, ranging from 16 to 21 stories, each with two basement levels.