Sales prices after discounts slightly lower than nearby projects in Tseung Kwan O like The Beaumount and Lohas Park Phase I.
In 28 May, CK Hutchison (0001.HK)’s The Beaumount II a property, located at Tseung Kwan O, recorded 26 times oversubscribed and robust sales as the first batch of 401 units were sold out over a half day.
The project was selling at attractive price which was slightly lower than other projects nearby. All units put on market were three-bedroom units of 750 sellable sq ft. The developer offered at least 15% discount, the post-discount prices ranged from HK$5.8 m to HK$8.2 m, averaging HK$9,180 pssf.
The developer arranged 3 rounds of sales as follows:
- 1st : All 150 flats were sold out within 1.5 hours to those who missed out on Hemera.
- 2nd : 50 units were reserved for buyers who interested to purchase 2 units in a bundle, 38 units were sold finally.
- 3rd : The rest were sold out within 2 hours for other buyers.
Thousands of would-be buyers flocked to a sales venue in Hung Hom to choose one or more of 401 flats at The Beaumount II, a CK Hutchison project in Tseung Kwan O.
A first-time buyer, Ms Siu, nabbed an apartment for HK$7 million. She plans to lease it until she gets married.
All flats put on sale on 28 May were three-bedroom units measuring 735 to 765 sellable square feet. Post-discount prices ranged from HK$5.8 million to HK$8.2 million, averaging HK$9,180 pssf.
Snaking lines of people were seen at the showroom in Mong Kok. The first 60 units range from 219 to 254 sq ft, costing from HK$2.39 million to HK$3.08 million after all sweeteners were taken into account.
Source: The Standard Finance