Hong Kong homebuyers snap up flats in projects at the city’s former airport runway and in “Northern Metropolis” district
- Wheelock Properties sold 341 of the first batch of 342 units at the Monaco One project in Kai Tak as of 9pm, agents said
- SHKP sold 171 of 179 flats from two phases of its Wetland Season Bay in Tin Shui Wai
Hong Kong’s homebuyers flocked into the property market to snap up flats in Tin Shui Wai and at the city’s former airport runway in Kai Tak ahead of an expected increase in demand after the reopening of the border with mainland China.
Wheelock Properties sold 341 of the first batch of 342 flats at the Monaco One project in Kai Tak as of 9pm, agents said. The flats had received 6,153 registrations of interest, translating to 18 bids for every available unit, according to the developer.
Meanwhile, Sun Hung Kai Properties (SHKP) sold 171 units, or 96 per cent of the 179 flats on offer at two phases in Wetland Seasons Bay in Tin Shui Wai, receiving 1,968 registrations, or around 11 bids for each of the 171 units on open sale.
“Homebuyers are optimistic about the future of the districts where the two projects are located,” said Sammy Po Siu-ming, chief executive at Midland Realty’s residential division, adding that both projects were expected to sell out at the end of the day. “Prospective homebuyers have also quickened their pace to enter the market ahead of the reopening of the border with the mainland, which is expected to lead to a jump in demand for homes.”
At Wheelock’s Monaco One project in Kai Tak, the 341 flats put on open sale ranged from one-bedroom units to three-bedroom flats, with sizes from 319 square feet to 671 sq ft (62 square metres), priced between HK$7.57 million and HK$17.3 million (US$2.22 million) after discounts. The largest flat in the project, a four bedroom unit sized at 1,471 sq ft, was put on sale by tender.
