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12/21 News Roundup: Kai Tak Sites Sale Boosts District's Home Prices, Mei Foo Sea-view Unit Sold at HK$18.97m

Hong Kong Property | December 21, 2016

Kai Tak Sites Sale Boosts District’s Home Prices
The acquisition of two Kai Tak sites in record high prices by HNA Holdings is boosting the prices of second hand homes in the district. 30% landlords of San Po Kong’s The Latitude are pricing up their units, up to almost 5%, with regard to Monday’s sale of another Kai Tak residential site. A 543-square-foot two-room low-rise unit in the estate was priced up from HK$8 million to HK$8.38 million or HK$15,433 per square feet, much higher than the average market price.

Mei Foo Sea-view Unit Sold at HK$18.97m
A 1,446-square-foot unit with sea-view in Mei Foo Sun Chuen was sold at HK$18.97 million or HK$13,128 per square foot. The four-room unit was the second most expensive flat in the housing estate, also breaking the record high price in this year.

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