2025-02-21 28Hse Editor
KT Marina in Kai Tak is gearing up for the sales launch of 218 flats on Saturday. The residential development, a joint venture involving K Wah International (0173), Wheelock Properties, and China Overseas Land and Investment (0688), will showcase a range of homes, with prices starting at HK$5.75 million after discounts.
Among the 212 homes listed for sale, there will be an additional opportunity to acquire six three-bedroom flats through a tender process.
With subscription registrations to close at 1pm on Friday, the development has received 1,500 checks thus far for the 212 flats available, making it over six times oversubscribed.
The flats encompass one- to three-bedroom units, ranging in size from 306 to 586 square feet. The discounted prices span between HK$5.75 million to HK$15.46 million, or HK$17,987 to HK$26,384 per square foot.
In the previous week, the first price list for KT Marina Phase 1 featured 208 flats at a discounted average price of HK$19,798 per square foot, while the second list released on Monday presented 118 flats at a discounted average price of HK$20,988 per square foot. The unit has launched a total of 326 units so far. Phase 1 of the project will ultimately offer 1,017 homes.
In other news, Sun Hung Kai Properties (0016) announced their plans to release the fourth price list for Novo Land Phase 2A in Tuen Mun, with sales expected to commence in the coming week. The list will offer at least 93 flats, ranging from studios to three-bedroom units.
Additionally, the Villa Garda III project in Lohas Park, Tseung Kwan O, will launch a new sales round on Friday, featuring 129 homes and 65 additional units. The project was co-developed by Sino Land (0083), K Wah, China Merchants (0978), and MTR Corp (0066). The third list, unveiled on Monday, included 65 flats with prices starting from HK$7.38 million after discounts.
In Aberdeen, Emperor International (0163) recently sold two special units at SouthSky, fetching an average price of HK$20,000 per square foot. These units, measuring 288 and 365 square feet respectively and accompanied by terraces, were sold for HK$5.76 million and HK$7.3 million respectively.
Meanwhile, the one-month Hong Kong interbank offered rate experienced a decrease of 6 basis points, reaching a nearly two-week low at 4.904 percent. Meanwhile, the overnight Hibor rose 4.529 percent, to over 13 basis points following the Hong Kong Monetary Authority's injection of HK$889 million into the market on Monday.
Like
