Cici Cao Echo House in Cheung Sha Wan will put all 198 flats on sale this Sunday, its developer Chinachem said. The project has received 10,200 checks for the 198 flats, making them 50 times oversubscribed. About 80 percent of the prospective buyers are local customers, while the rest are from the mainland.
In Hong Kong Island's Southern District, One Stanley put a 3,312-square-foot mansion on sale by tender yesterday. Developed by K&K Property Holdings, the mansion has four bedrooms, a 1,115-sq-ft garden and 737-sq-ft rooftop. The project has so far sold 13 homes worth over HK$1.
1 billion. The developer expects to see more overseas buyers following the relaxation of loan-to-value ratios of mortgages. In Ho Man Tin, a three-bedroom luxury flat at St George's Mansions, developed by Sino Land (0083) and CLP (0002), was sold for HK$68 million.
The project has sold 79 flats to date, cashing in over HK$7.3 billion. In Fanling, Wing Tai Properties' (0369) project near Hong Kong Golf Club was named Cloudview, and sales are expected to kick off next month.
Cloudview offers 765 one- to three-bedroom as well as open-plan flats with sizes spanning 200 to 860 sq ft. In Kai Tak, Double Coast I, built by four developers including Wheelock Properties and Henderson Land (0012), attracted over 2,000 visitors yesterday after the release of the first price list. In Wong Chuk Hang, CK Asset's (1113) Blue Coast II has received 8,000 checks for 88 flats as of yesterday, making them 90 times oversu.
