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1/18 News Roundup: The Pavilia Bay Received Over 4,500 Subscriptions, Charming Garden Set Green Form HOS Flat Record Price

Hong Kong Property | January 18, 2017

The Pavilia Bay Received Over 4,500 Subscriptions
New World Development and Vanke Property have reportedly received over 4,500 subscriptions for their joint project in Tsuen Wan West – The Pavilia Bay. The developers will put on sale 400 flats from The Pavilia Bay on Friday. On the other hand, China Overseas will put on sale another 122 flats from the second phase of One Kai Tak on Saturday. The flats are between 375 and 799 square feet, with discounted prices per square foot ranging from HK$15,564 to HK$23,587 – about 2% higher than the first batch of units. It has reportedly received over 1,000 subscriptions.

Charming Garden Set Green Form HOS Flat Record Price
A HOS (House Ownership Scheme) flat in Tai Kok Tsui’s Charming Garden was sold with record price in the Green Form market. A Green Form applicant bought the 592-square-foot three-room unit with HK$6.5 million, or HK$10,980 per square foot, breaking the record hold by Broadview Court since last year.

Two Luxury Projects To Launch Around New Year
Cheung Kong Property plans to upload the sales brochure for its Ngau Tam Mei project – Crescendo – this week. Crescendo provides a total of 67 independent houses, ranging from 1,476 to 2,369 saleable square feet. Meanwhile, Henderson Land has received pre- sale consent at its new residential project in Fan Ling, Eden Manor, which is expected to be launched for sale after Chinese New Year. Eden Manor offers a total of 590 units, including 25 independent houses and 565 apartments, ranging from studios to four-bedroom.

MTR Wong Chuk Hang Site Invites Expressions
MTR Corporation Ltd is inviting developers to submit expressions of interest for the residential site located at Wong Chuk Hang station in Southern District from today to next Monday. The site occupies an area of 118,404 square feet, with residential floor area of about 576,000 sq ft. The project can provide about 800 flats and is expected to be completed in 2022. The property is estimated to be worth HK$7.5 to HK$8.6 billion, with price per square foot of HK$13,000 to HK$15,000.

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