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One Kai Tak (II) Price Up for Second Batch
China Overseas launched the second price list for an additional 63 flats from the second phase of One Kai Tak yesterday. The average discounted price per saleable square foot was HK$17,879, about 1.5 percent above the first price list. All the flats are two-bedroom units of between 547 and 563 ssf. Listed prices of the flats are HK$10.25 million to HK$12.91 million. China Overseas Property managing director Tony Yau Wai-kwong said the discounted prices per ssf for the additional flats were between HK$15,563 and HK$19,606. Together with 125 flats launched last week, China Overseas will put on sale 188 flats from the second phase of One Kai Tak on Saturday.

Chinachem To Join Tsuen Wan New Projects Battle
Chinachem Group named its new project in Tsuen Wan West Parc City yesterday. Chinachem Group sales director Ng Song-mou said the company is applying for pre-sale consent and expects the project to be launched in the second quarter at the soonest. Parc City has 953 flats available and offers flats that range from one to three bedrooms.

Cheung Kong’s Crescendo To Open Show Flats around Lunar New Year
Cheung Kong Property senior sales manager Cannas Ho Ka-yan said the company plans to upload the sales brochure and open show flats for its Ngau Tam Mei project Crescendo before or after the Chinese New Year. Crescendo offers 67 independent houses and the houses are sized between 1,500-2,400 ssf.

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