Sun Hung Kai Properties launched the last batch of Century Link II, proof of good performance in primary property market.
Sun Hung Kai Properties (0016.HK)’s Century Link II, 2nd phrase of Century Link in Tung Chung, sold out a total of 148 units on 18 September. The developer launched a last batch of 83 units on 19 September.
The per sellable square foot price for the last batch of 83 units were set at HK$11,668 to HK$14,190. The developer offered at least 11% discount, the post-discount prices ranged from HK$3.9 m to HK$7.6 m, averaging HK$1,1506 pssf. It was around 1% to 2 % higher than the previous batch in average because of seaview.
A good sale of Century Link II driving up the number of new first-hand property sales to 181 units over the last weekend.
The primary property market performed well after the United States announced it was keeping interest rates unchanged, while the secondary market remains at stalemate.
Sun Hung Kai Properties has put out a last batch of 83 units of its Century Link II in Tung Chung for sale. This comes after subscriptions for 148 units on Friday.
The per sellable square foot price for this batch of units is set at HK$11,668 to HK$14,190, while unit prices start at HK$4.04 m, with highest discount 11%.
The developer also said prices of some two-room units are renewed with a 1% price increase.
Upper East, another development of small to medium-sized units by Kowloon Development (0034.HK), is putting up 123 units for sale next week. The developer sold 90% of the 242 units up for sale last week.
Source: The Standard Finance