Primary property market sentiment remains positive as Henderson Land (0012) received 700 checks for the 260 units it launched at its Double Cove project in Wu Kai Sha. Henderson initially launched 210 units over the weekend and a further 50 flats yesterday. Flat sizes range from 638 to 710 square feet.
The units were priced at an average of HK$8,951 psf - 2percent higher than the 210 flats that were launched earlier.
Double Cove has a total of 928 units and sales will commence on Friday.
Meanwhile, Sun Hung Kai Properties (0016) priced two of the largest units at its Century Gateway project in Tuen Mun at HK$17,453 per sq ft.
This is 55percent higher than the previous 107 units for which a price list was issued on September 8.
One of the two units, which was launched yesterday, has an area of 1,855 sq ft. It is priced at HK$33.95 million, or HK$18,300 psf - the most expensive among the 109 flats up for sale so far.
The 107 units that were launched earlier have gross floor areas ranging from 982 sq ft to 1,128 sq ft, and are priced at an average of HK$11,264 psf, double those of similar-sized apartments in Tuen Mun. Sales commence today.
Meanwhile, the value of a residential-cum- commercial project in Sai Yee Street in Mong Kok, has been slashed by agents due to strict conditions imposed by the Urban Renewal Authority.
Midland Surveyors director Alvin Lam Tsz-bun cut the valuation by 44 percent to HK$2.5 billion, because the URA will own 50percent of the commercial portion and ban developers from selling the shops within the first five years.
