Ho Man Tin's In One Above to launch sales next week

Staff reporter

In One Above phase 1A in Ho Man Tin, jointly developed by Chinachem and MTR Corporation (0066), launched its fifth price list with 48 flats.

The list features all two-bedroom units with prices starting at HK$10.22 million and as low as HK$18,888 per square foot. Sales are expected to begin as early as next week.

The developer has also updated its 4E price list with 39 units, all of which are one-bedroom layouts. Discounted prices start at HK$6.76 million, with units being sold for as low as HK$19,988 per sq ft.

The one-bedroom flats offer better prices with a new payment plan, while two-bedroom units are newly introduced and not comparable to previous listings, the company said.

Meanwhile, private home prices fell for a third month in February to an eight-and-a-half-year low.

The private home price index dipped 0.88 percent monthly to 284.7 in February, 28.5 percent lower from the peak in September 2021, according to the Rating and Valuation Department.

Prices of small and medium-sized apartments edged down 0.83 percent month-on-month.

In other news, the Urban Renewal Authority invited 28 developers to tender for the joint development of the Shantung Street/Thistle Street Development Scheme in Kowloon, with the tender closing at noon on May 13.

The project reallocates part of the non-residential plot ratio to residential use for the first time, increasing the residential plot ratio 8.5 times. It provides a total residential floor area of 152,000 sq ft with around 380 units.