2025-02-21 28Hse Editor
After launching units in Phase IIB earlier, Onmantin, a project atop the Ho Man Tin MTR station jointly developed by Great Eagle Holdings (0041) and MTR Corporation (0066), unveiled the first price list for Phase IIA today (29th). The first batch offers 84 units, ranging from two-bedroom to three-bedroom layouts. The discounted prices start from HK$9.412 million to HK$16.647 million, with discounted prices per square foot ranging from HK$18,438 to HK$22,961. The average discounted price per square foot for Phase IIA is HK$20,772, representing an approximate 3.8% increase compared to Phase IIB.
The first price list covers 84 units within Blocks 1 and 3, including 78 two-bedroom units and 6 three-bedroom units, with saleable areas ranging from 482 to 725 square feet. The listed prices range from HK$11.478 million to HK$20.301 million, with prices per square foot from HK$22,484 to HK$28,001. After applying the maximum discount of 18%, the discounted prices range from HK$9.412 million to HK$16.647 million, with discounted prices per square foot from HK$18,438 to HK$22,961.
The lowest-priced unit is located in Block 3, on the 2nd floor, Unit E. This two-bedroom unit with an open kitchen has a saleable area of 490 square feet. The discounted price is HK$9.412 million, equating to approximately HK$19,208 per square foot. The unit with the lowest price per square foot is also in Block 3, on the 2nd floor, Unit G. This two-bedroom unit with an open kitchen has a saleable area of 601 square feet, with a discounted price of HK$11.081 million, or HK$18,438 per square foot.
According to the developer, since its launch in April this year, Onmantin has sold over 609 units, generating total sales of HK$7.75 billion. Given the differences in floor levels, orientations, and views of the newly released units, the prices are slightly higher compared to Phase IIB.
Phase IIB was launched in April this year, with the first batch consisting of 115 units at an average price of HK$19,988 per square foot.
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