Homebuyers snap up CK Asset’s #Lyos flats in Hung Shui Kiu, boding well for Hong Kong’s Northern Metropolis plan
- CK Asset Holdings sold all 200 of the apartments on offer in the first batch of sales at its #Lyos project in Hung Shui Kiu as of 8:30pm
- More than 7,500 registrations of interest were received, or 36 bids for every unit earmarked for open sale, while 20 flats were reserved for sale by tender
The smallest #Lyos flat measures 202 square feet (19 square metres), 50 per cent bigger than a standard car-parking space in Hong Kong, priced from HK$3.53 million (US$453,500). Bigger flats are 443 square feet, featuring two rooms with a private garden of 573 sq ft, priced at HK$7.5 million after discounts.
“These flats are guaranteed to sell out, as the buyer can enter the market with just HK$3 million,” said Louis Chan Wing-kit, Centaline Property Agency’s vice-chairman and chief executive of its residential department in Asia-Pacific. “The location in the Northern Metropolis also makes it attractive for buyers, [either] as an investment or to live in.”
The successful launch at Hung Shui Kiu shows how Hong Kong’s residential property bull run has gained momentum in recent months after a brief stumble last year, as the city’s economic recovery and low interest rates bolstered sentiments.
