Hong Kong’s homebuyers return to market, snapping up new flats at In One Above project in Ho Man Tin on Sunday
- More than half the available flats at the project by Chinachem Properties and MTR Corporation sold by 5:30pm on Sunday
- The flats were priced between HK$7.99 million (US$998,000) and HK$30.08 million, or HK$21,948 to HK$32,800 per square foot
The flats on offer on Sunday, consisting of one- to three-bedroom flats ranging from 327 to 960 sq ft, were priced between HK$7.99 million and HK$30.08 million after discounts of up to 15 per cent, which translates to HK$21,948 to HK$32,800 per square foot, according to agents.
“In One Above has an advantageous geographical location, with an exclusive elevator that goes directly to the lobby of the Ho Man Tin MTR station,” said Kelvin Cheong, operation director of the residential department of Midland Realty. “The asking prices of the flats were close to market prices, which makes them attractive to homebuyers, but also long-term investors,” he said.
Rental prices for the flats could reach HK$80 per square foot, with a rental return of around 3.5 per cent, Cheong estimated.
