Wheelock’s Monaco project in Kai Tak receives lukewarm response as developers look to end January on a high
- Buyers had snapped up nearly half of the 90 units as of 10pm
- As many as 1,800 new homes could be sold in January, says Centaline’s Louis Chan
Hong Kong homebuyers gave a lukewarm response to Wheelock Properties’ Monaco residential project in Kai Tak on Friday evening, setting the tone for over 600 units that go on sale at four housing projects up to Sunday.
Wheelock said it had sold nearly half of the 90 units. A market source, however, said buyers had only picked up 42 units.
The 619 homes, which include eight offered through tender, are the most offered for sale over three consecutive days since September, when 720 units from five projects went on sale.
If the developers find buyers for all the units, new home sales could reach nearly 1,800 in January, said Louis Chan Wing-kit, Centaline Property Agency’s Asia-Pacific vice-chairman and chief executive of the residential division.
Homebuyers have already snapped up 1,116 new flats in the first 28 days of January, data from Ricacorp Properties shows.
