CK Hutchison put new flats at The Beaumount II project on the market on 28 May, the selling lobby was crowded.

CK Hutchison put new flats at The Beaumount II project on the market on 28 May, the selling lobby was crowded.

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.

Many also rushed to Yuen Long to try their luck for Domus, a mini-home scheme of Paliburg (0617.HK) and Regal International (0078.HK).

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

 

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