Buyers shrug off rain and rising rates to snap up flats at Henderson’s One Innovale-Archway, Sun Hung Kai’s Novo Land
- More than 24,000 potential buyers had registered to buy a total of 321 flats at Henderson Land’s One Innovale-Archway in Fanling and Sun Hung Kai Properties’ Novo Land in Tuen Mun
- Henderson sold all 182 flats available for open sale, as did SHKP with its lot of 139 units
Hundreds of Hong Kong home seekers shrugged off rising interest rates and ignored a typhoon No 3 warning to queue up at the sales offices of two major developers, snapping up heavily discounted flats.
“The two new projects in the Northern New Territories attracted buying interest after they were launched at low prices,” said Louis Chan, Asia-Pacific vice-chairman and CEO of the residential division at Centaline Property Agency.
Henderson Land sold all 182 flats available for open sale by 7pm, with another three units available for tender. More than 9,100 buyers had registered for the sale.
“The second round sales of One Innovale-Archway has had a good start, with 80 per cent of our customers young buyers in their 30s,” said Sammy Po, chief executive of Midland Realty’s residential department for Hong Kong and Macau.
Some 70 per cent of the agency’s customers were buying for their own use and the rest were buying for investment purposes, he added.
