HK developers continue to push out more primary flats despite HK second-hand home property is slowing down.
Sun Hung Kai Properties (0016.HK) is launching 932 units at Century Link II, the 2nd phrase of Century Link in Tung Chung, by August. The phase II, mainly features one- to two-bedroom flats, will launch at higher price (over HK$11,000 per sellable square foot) than that of phase I due to rising price of nearby primary and secondary home flats from this January. More detail is coming on weekend.
Meanwhile, Henderson Land Development (0012.HK) will put 75 units at Shau Kei Wan Parker 33, mostly studio and one bedroom apartments of 187-210 sellable sqft, on the market on 15 August. The developer offers up to 11% discount to the buyers, post-discount prices rang from HK$4.19 M to HK$5.02M.
Lately, developers continuously roll out new projects, home buyers are optimistic to the HK housing market in spite of slow sales in secondary homes market.
Sun Hung Kai Properties is launching Century Link II at Tung Chung this month, which mainly features one- to two-bedroom flats. SHKP said there would be more room for price appreciation for the 932-unit development compared to phase one of the project, due to rising prices of primary and secondary homes in the area during the past eight months.
Sun Hung Kai Properties’ Century Gateway at Tuen Mun fetched a record HK$41.37 million, or HK$24,068 per square foot, for a 1,719 ssf duplex with three parking spaces.
Henderson Land Development priced 25 units of Parker 33 in Sai Wan Ho. The units, mostly studio and one bedroom apartments, range from HK$4.19 million to HK$5.02 million after maximum discounts. The combined 75 units from the first and second batch will start sale on Saturday.