Cici Cao Double Coast I in Kai Tak, developed by Wheelock Properties, Henderson Land (0012), New World Development (0017) and China Overseas Land & Investment (0688), launched sales of 68 flats on Saturday, selling 20 of them in a day. The first batch included 58 flats in a price list at prices starting from HK$4.42 million after discounts and 10 by tender.
Wheelock Properties said the 20 flats were sold for a total of nearly HK$183 million. Ricky Wong Kwong-yiu, managing director of Wheelock Properties, said the project at the Park Peninsula commercial and retail hub saw brisk sales, driven by interest rate cuts, news that Kai Tak's transit system would be completed by 2031, three years earlier than scheduled, and eased mortgage rules. In the same district, The Pavilia Forest II, developed by New World Development and Far East Consortium (0035), released a second round of 151 flats for sale on Saturday but sold only one unit as of 5pm on the sale day, according to property agents.
The developer offered discounts of up to 15 percent for 40 selected units, at prices ranging from HK$5.03 million to HK$8.18 million after discounts.
In Ho Man Tin, a 772-square-foot luxury unit at St George's Mansions, developed by Sino Land (0083) and CLP (0002), was sold yesterday for HK$21.4 million, or HK$27,720 per sq ft. The project has sold 83 flats so far, cashing in nearly HK$7.
5 billion. In Yuen Long, High Park I, developed by Asia Standard International (0129), sold four two-bedroom fla.