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Hong Kong property: homebuyers hoover up more than 90% of units at Henderson Land’s Belgravia Place on second day of flat sales
- The second round of sales is expected to be ‘robust’, Midland Realty’s Sammy Po says
- Uptown East, a residential project developed by Wong Sun Hing and New World Development, has released its first price list for an initial batch of 168 units
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Homebuyers flocked to a second round of sales at Henderson Land Development’s Belgravia Place project on Thursday amid expectations that first-hand sales are likely to hit a 40-month high in March.
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Of the 208 units on offer, 191 or about 92 per cent were sold by 10pm, the developer said. The sale started at 5pm local time.
More than 35 buyers vied for each available flat after Henderson received more than 7,300 expressions of interest from homebuyers, who put down a deposit in the hope of securing a flat, the developer said.
A strong sales performance was expected on Thursday after all 138 units at Belgravia Place offered for sale over the weekend were sold out in four hours, netting around HK$748 million (US$95.6 million) for Henderson.
“It is expected that the second round of sales will continue to be robust, with about 90 per cent of the units sold,” Sammy Po Siu-ming, CEO of Midland Realty’s residential division for Hong Kong and Macau, said earlier in the evening. A mainland Chinese buyer had bought four units for a total price of HK$22 million, he added.
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In last week’s budget announcement, Financial Secretary Paul Chan Mo-po scrapped decade-old property market curbs in an effort to revive the city’s struggling real estate sector.
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