2025-02-21 28Hse Editor
Emperor International (0163) has released the initial pricing for SouthSky, its latest project in Aberdeen. The first batch of 55 units is available at an average discounted price of HK$17,086 per sq ft. The most affordable unit in the offering, a 286 sq ft one-bedroom apartment on the sixth floor (Unit E), is priced at HK$4.4 million, or roughly HK$15,390 per sq ft.
Emperor International's vice chairman, Alex Yeung Ching-loong, noted that the first set of units are priced competitively, mirroring prices in the secondary market of the same area.
The 55 units in the first batch are split into 28 one-bedroom and 27 two-bedroom apartments, ranging from 286 to 400 sq ft in size. Midland Realty expects SouthSky to see swift sales and sell out rapidly, thanks to its attractive pricing and considerable discounts compared to adjacent properties, especially given the recent easing of property cooling measures.
Meanwhile, in Tai Po, Sun Hung Kai Properties (0016) plans to unveil 129 units from University Hill Phase 2A next Tuesday. The 88 flats offered through price list sales have an average discounted price of HK$16,458 per sq ft, with types varying from studios to three-bedroom flats. Prices for these units fall between HK$3.21 million and HK$11.05 million. The same day will see the sale of an additional 41 flats through a tender process.
Simultaneously, KT Marina in Kai Tak, a joint project by K Wah International (0173), Wheelock Properties, and China Overseas Land and Investment (0688), is beginning to accept subscription checks. The first 208 flats are priced at a discounted HK$19,798 per sq ft, a price point not seen in the area for seven years. K Wah stated that any further launches will be contingent on the response during the weekend, with no current intentions to raise prices.
In Sai Ying Pun, Wheelock Properties has secured the unified ownership of the Sei Li building for HK$254 million. The building, a seven-story mixed-use property, spans an approximate area of 2,977 sq ft and is set for redevelopment into a high-end residential project.
In related news, Savills has been tasked with selling Tower E and Tower F, along with 12 parking spaces, in Pine Court, Mid-Levels through a tender. The estimated value of the property is roughly HK$600 million.
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